CannySunny

CannySunny

Target 1 of Bearish Butterfly is already achieved. Now it has broken down the Rising Wedge so Target 2 and 3 are very likely.

CannySunny Updated 

This analysis is inspired after a well wisher asked me a query on this stock. I see this stock has had a pattern so far of jumping from the 20 SMA in the form of a pennant pattern while riding the Rising Parallel Channel. This time around the 20SMA support is formed near the midline of the channel which is why I suspect the channel resistance can be...

CannySunny

As explained.

CannySunny Updated 

Triangle Formation. Once it breaks out expect a good move. Since markets are volatile, this is a very low risk bet if it moves otherwise.

CannySunny

Let us see. In bull market corrections are fierce and quick. Don't mistake it for a crash.

CannySunny Updated 

The stock is riding the Parallel Channel. It has been repeating the cup breakout pattern and climbing up. While it about to repeat itself again, it is also breaking out of a Flag pattern.

CannySunny Updated 

Market Cap ₹ 9,520 Cr. Stock P/E 7.41 Vs Industry PE 21.2 ROCE 10.2 % ROE 13.8 % OPM 5Year avg 87.4 % Promoter holding 22.5 % (negative) Pledged percentage 0 % Debt to equity 4.58 Intrinsic Value ₹ 1,173 Best of all is at current price Dividend Yield 15.1 % and it consistently paysout dividend. Technically bullish divergence Spotted. After the breakout...

CannySunny

This analysis is on the request of a well wisher. I see a strong resistance near 95 above which this stock can do well.

CannySunny Updated 

On the weekly chart , a multi year breakout has been witnessed. The overall picture suggests a cup in formation.

CannySunny

Self Explanatory. My favorite Inverted Head and Shoulder Pattern. Pure Price Action Strategy. No indicator required.

CannySunny

Price Action Analysis. On the larger picture , it is a flag breakout after which it has consolidated for a while. Usually such breakouts are full of steam. Let us see.

CannySunny Updated 

Ride the Triangle Breakout with a strict stop loss.

CannySunny

Self Explanatory.

CannySunny Updated 

The stock is over all riding a Rising Parallel Channel. Inside that it has been consolidating in a Darvas Box from late 2020. Inside that, it has formed an Inverted Head and Shoulder pattern to breakout from this consolidation. Ride the Trend.

CannySunny

It could move sideways or might retrace a little more from here. Reversal seems very unlikely for now . Buy Cautiously on dips.

CannySunny

Self Explanatory.

CannySunny Updated 

Travelling in a channel, a breakout from a triangle pattern has been witnessed after it built a base almost confirming the lows with a double bottom.

CannySunny Updated 

Assuming a mirror image of its past patterns , I believe this stock will rise from here.