CannySunny

CannySunny Updated 

From the past 2-3 weeks I have remained cautious with my StopLoss and missed out on a few opportunities. Every time Nifty oroved me wrong for these 2 weeks and climbed higher. But this week will give a clearer picture. Nifty is pressing itself at the top against a long channel wall and the rising wedge too is crushing it's movement from the bottom. To...

CannySunny

The last couple of times as well, I buggled a warning but the market proved me wrong. It may prove me wrong yet again but I'm just being a little cautios here. I just feel a good correction is around the corner. No panic selling but a thorough review and update of my stop losses in place. If the market ditches me my best friend (StopLoss) would get me out of trouble.

CannySunny

Stock P/E 48.0 Industry PE 40.1 Dividend Yield 3.70 % ROCE 32.0 % ROE 23.5 % Face Value ₹ 10.0 ROCE3yr avg 23.9 % ROE 5Yr 14.0 % Piotroski score 7 OPM 12.8 % OPM 5Year 11.1 % Promoter holding 73.7 % Free Float Mkt Cap ₹ 766 Cr. Pledged percentage 0.00 % Debt to equity 0.01 Intrinsic Value ₹ 1,687 Technically: - Brokeout after a long box consolidation and now it...

CannySunny

Last week on Monday, the fall that we saw was on account of a stock exchange glitch. However, in the same week the whole loss was nullified leaving evryone at sea. But now if I go by what the chart is telling me, it says the chart pattern formed is a Rising Wedge Pattern. There is also a Bearish Divergence along with the ADX losing steam. Now , either tomorrow...

CannySunny

Nothing much to anayze. It is a Multi year Breakout from a Box.

CannySunny

A simple consolidation breakout anticipation. Fundamentally sound. Low overhead supply.

CannySunny

Awaiting a breakout soon. Took support at the Golden Ratio. Entry should be above 1129. Keep a Stop loss based on your risk appetite. I see initial targets of 1300-1370.

CannySunny

Travelling in a pattern. Don't be surprised if this week we see a red weekly candle. It could just be the opportunity we need. Let's see if the pattern repeats. On the watchlist.

CannySunny Updated 

I spot a Bearish Divergence here on the Daily Chart supported by the Stochastic RSI in a Rising Wedge which isn't a good sign for the markets this week. *I have uploaded a few charts over the weekend - Enter them only on CLOSURE above positive breakouts and not at the opening bell because of Bank Nifty turns weak Charts will also turn down if they dont breakout...

CannySunny Updated 

Price is consolidating in a rectangle Channel. Can also be visualised as a Flag pattern considering the pole.

CannySunny Updated 

After a Breakout on the 3rd attempt, the price now is following the Parallel Channel. A Retest with low volumes is also visible. Most likely it will follow the direction of the blue arrows.

CannySunny Updated 

I like the pattern it is forming. Ideally ,analysts would recommend buying above the breakout zone but I'm personally trusting my instinct here. I could be wrong but that is where my BFF StopLoss would come to my rescue. Fundamentally a good company too. Stoploss based on your risk appetite.

CannySunny Updated 

Firstly, in my opinion the Nifty may not crash like the way we saw in March because on the monthly frame I see an inverse Head and Shoulder pattern which is a continuation pattern of the trend. So basically I don't see a nose dive ,rather a side ways consolidation for a few days/weeks. Now talking about supports the initial cushion should be around 13265, 13195...

CannySunny Updated 

An attempt to breakout was made. Might as well head back to the support zone. Keep it on the radar for a Breakout above the Breakout Zone.

CannySunny

Breakout of Rectangle Pattern.

CannySunny Updated 

Fundamentals here take the backseat with a sky rocketing PE ratio. Technically, the price is right at the 61.8% retracement base. Bullish Hidden Divergence Spotted. This tells me the stock will take the turn but let us wait and watch. No Targets for such stocks - StopLoss based on risk appetite is Mandatory and #Ridethetrend

CannySunny

Self Explanatory. Divergence Spotted. Breakout - ✔️ Retest - ✔️

CannySunny

Price crosses a stiff Resistance junction. #Breakout from #ParallelChannel #Ridethetrend