NIFTY
It looks like we may see a volatile session for next two days. Tomorrow,. NIFTY shall hit 16780 and may trade volatile. My view is based on the fact that today the range was within the opening and closing of yesterday. Today nifty opened gap down and went till yesterdays opening and later reached high nearer to the yesterdays high. You can see the...
RIBA Textiles
The company is giving profits consistently. Market Cap around 40 Crores and book value of Rs. 76. it is expected that once it crosses the channel, it will reach 77,
We may see the levels of 16800 and then if sustains above 16800, then 17800 cannot be ruled after which we may witness a bearish move if not broken out. If 17800 is not broken, then we may come back to 15400. Scary
The results were extraordinary YOY. However the long term view is bearish. The Monthly chart setup shows a double top formation. There has been a significant correction but upmove is limited despite strong performance from the company. The stock may move till 338 and may correct until 255. Thats what i think.
The results were good. QoQ 100 % jump in Net Profit YoY 50% jump in net profit
Immediate target is 142 based on the results.
Long term , box breakout needs to be confirmed. Breakout above 150 will give a continued rally.
Results are consistently improving. As per the charts, we can see a positive rsi divergence, and the stock is the verge of trendline breakout on the weekly time frame. The target is set around 50 that can be achieved over a period of two to three months.
Well people may not agree with me as the momentum is towards upside. Its my view that I think that the price will come down till 600 and if broken, till 535 which will act as a major support.
On the upside, it will move till 730.
Well it is visible that market has reversed from the same point where the gap exists. It is important to either move through the gap and breakout from the triangle set up or if the breakout from triangle is downwards, then expect a target near 31500 - 31800 in the near term. As far as tomorrow is concerned with expiry day, i guess lots of zero to hero options will...
Yesterdays movement has given a good Price Volume Breakout. Target of 270 looks possible in this month. However 300 should not be ruled out which is the recent high.
Yes Bank - Results are good. Creating ARC to transfer bad loans, DHFL case getting some kind of resoluion---- may take time.
Results are excellent considering the past three years of turmoil. Next year, the lock in period will get over. So, in my opinion, the price will move, once break out is done above 17, till next target of 32 and then 70 to 100.
