DevanNaayar

DevanNaayar

#PCBL CMP : ₹ .197.3 Broken 2 years resistance trend band . Also a Cup & Handle formation is visible. Technically looking good. Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and ac t accordingly .

DevanNaayar

#JKTYRE CMP :₹.278 Largest exported tyre brand from India. Promoter holding above 50%. Receivable days are improving. Sales and Profit have also improved from last year. ROE & ROCE also improved from last year.Stock is near 52 week high with supporting volume shockers. Technically also script looking good. Tending to break 2 years resistance trend band. Moving...

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Wonderla is now moving through through an upward parallel channel. Tried to break this channel and also it's 2 years and 1.5 years resistance trend line and bounced back. Technically looking good. 800 levels can be achievable within a short time. Also it may reach to 1000 levels if it breaks the parallel channel

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Stock looking good. Merger news also came. 10-30% growth can be expected.

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#Dhampursugar CMP - 317.60 Dhampur Sugar Mills is one of the leading integrated sugarcane factories in India. Improving fundamentals with increasing revenue and net profit for past quarters. Stock is now at its 52 week high. FIIs are increasing their holdings. Now stock broken it's 1 year and 6 months long resistance trend lines. Waiting for a retest. If it...

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Ambuja Cements moving through a parallel channel for the last 4 months. Now it's in the support line of the channel. Technically looking good for an upward movement of 10%-20 % with in two months time. Volume also spiking good.

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#GICRE CMP - ₹.226 Company engaged in the business of reinsurance. 85 % promoter holdings with zero promoter pledge and zero debt. Annual net profits are increasing for last two years. ROCE, ROA,ROE increasing for last two years. Stock is near it's 52 week high with significant volumes. FII's are increasing their shareholdings. Stock is trying to escape from its...

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A subsidiary company of ONGC which is engaged in the refining of crude oil business. More than 80% promoter holdings with zero promoter pledge. Debt and debtor days have reduced. Eventhough the quarterly revenue and profit margin has declined , ROCE , ROA, Book value etc improving in last 2 years. FII's and DII's are increasing their shareholdings. Also stock is...

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#Unionbank CMP ₹.101.90/- Union Bank of India one of the biggest public sector bank in India woken up from a long sleep. Multiyear break out happened in this stock. 10 year long resistance trend line and 6 year long resistance trend line have been broken. A cup and hand breakout is also visible. Stock crossed 100 levels last day.Now this slow mover will change...

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#BAJAJHCARE CMP 464.8 Bajaj Healthcare Ltd is a Pharmaceutical company with promoter holding more than 60%. Fundamentals not looking good. Share price got raised after getting EIR from USFDA .2.5 year long resistance trend line have been broken. Waiting for retesting. Technically looking good for short term.

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#NAVALTD CMP ₹.450/- Stock from power sector, looking good. Breakout happened in 2.5 year long and 1 year long resistance trend line. Technically looking good but due to the overall blood bath in market recently, it is very difficult for the stock to survive and keep the trend. Some fall can be expected with prevailing market trends. But if it can outlive the...

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CMP ₹.1292/- Tech Mahindra looking good. Breakout happened in 1 year long parallel channel and 1 year long resistance trend line. Technically looking good but due to the overall blood bath in market recently, it is very difficult for the stock to survive and keep the trend. If it can outlive the whole market trend then a 40% move can be expected from here.

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Updated Idea - Near 52 week high with significant volumes and highest recovery from 52 week high. Profit booking can happen soon .Expecting 20% movement nearer to 360 levels within a short span of time.Reducing debt is also a positive sign.

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A globally spaced company with largest production of stainless steel. Increased promoter pledge with considerable debt.High recovery from its 52 week low. Delivering good profit over years. Positive breakout confirmed . Multi year resistance line has been broken, retested and bounce back. Moving throgh a steep upward triangular channel since last 8 months ....

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#NCC Updation of March 2023 Company is engaged in the activities of Infrastructure sector . Company with low debt and zero promoter consistently giving returns over last 5 years. Stock is near 52 week high with significant volumes and highest recovery from 52 week low. Technicaly it's looking very nice. 3 year long resistance trend line breakout already...

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#GLS CMP 646.2 Manufactures of high quality drugs (Pharmaceutical ingredients) .Promoter holdings are nearly 82% with nil pledge and nil debt . Annual net profit increasing for last 2 years. Price near 52 week high now. A bullish flag pattern is visible . Now trying to break 1 year long resistance trend line.Have strong resistance at 670-680 levels .Trying to...

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#Timetechno CMP 156.85 Time techno plast Ltd is engaged in the manufacturing of technology based polymer and composite plastic products. It has a market share of about 70% polymer based industrial packaging. A zero promoter pledge company with improving RoE and ROCE. Now the stock has broken it's 2 year long resistance trend line and retested back. Stock is now in...

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Hindalco CMP ₹ 483.2 Engaged in the manufacturing of Aluminium &Copper Products. Breakout happened at current point. Heading towards 600.