Title: "CREDITACC: Rebound from Key Support with Strong Volume Spike – Target ₹1140" Stock: CreditAccess Grameen Ltd. (CREDITACC) Analysis: CREDITACC is currently trading at a key support level, showing a sudden spike in volume after making a new 52-week low last week. Despite a challenging quarter, the stock’s fundamentals and institutional interest indicate...
Title: "Data Patterns: Triple Bottom Breakout with Institutional Support" Stock: Data Patterns Analysis: Data Patterns has recently given a Triple Bottom Breakout, signaling a potential trend reversal after a period of consolidation. Institutional support remains strong, despite a correction following slightly weaker previous quarter financials. Key...
Stock: Divi's Laboratories Ltd. (DIVISLAB) Analysis: Divi's Lab recently experienced a breakout with strong volume, signaling solid buying interest. Since then, the stock has seen some corrective movement, presenting a potential opportunity. The current pattern resembles a Volatility Contraction Pattern (VCP), where price consolidates in narrowing ranges, often a...
Title: "SELAN: Symmetrical Triangle Breakout & VCP Setup – Ready for a Pullback Rally" Stock: Selan Exploration Technology Ltd. (SELAN) Analysis: SELAN is demonstrating strong technical and fundamental characteristics. The stock has retraced to fill the gap and started to rebound from support areas, indicating the potential for a near-term pullback rally. Chart...
Title: "PRIVISCL: Strong Buy Zone with Breakout Potential – Backed by Excellent Financials" Stock: Privi Speciality Chemicals Ltd. (PRIVISCL) Analysis: Privi Speciality Chemicals is currently trading in a Buy Support Zone on the daily timeframe, offering a potential entry point for traders. The stock is backed by strong financial performance, with: Quarterly...
Stock: CCL Products (India) Ltd. (CCL) Analysis: CCL Products has completed an Inverted Head and Shoulders pattern, a bullish reversal setup, and has confirmed a breakout from the final leg with strong volume. Institutional confidence adds further credibility to the stock's bullish outlook: FII/FPI Holdings: Increased from 9.76% to 10.17% (Sep 2024 quarter),...
Analysis: Cummins India has been in a consolidation phase over the past three months, building a solid base. Today, the company reported its quarterly results, showing a significant profit increase of approximately 36%, which indicates strong fundamentals and could trigger an upside breakout. This setup makes the stock appealing for a short swing trade to capture...
Title: "Jyoti CNC Automation: Strong Institutional Accumulation with Stellar Financials – Bullish Outlook" Stock: Jyoti CNC Automation Ltd. Analysis: Jyoti CNC Automation is gaining momentum with robust financial performance and increasing institutional interest: Quarterly Revenue: ₹383 Cr, reflecting a 46.0% YoY growth. Quarterly Net Profit: ₹70 Cr, showcasing...
Stock: IXIGO Analysis: IXIGO's stock has recently tested its listing price and bounced back, showing signs of renewed buying interest. The bounce is supported by high volume activity, indicating a potential reversal. Institutional investors appear to be gradually increasing their stake, even as retailers exit the stock: FII/FPI Holdings: Increased from 58.18% to...
Stock: Capacite Infraprojects Ltd. (CAPACITE) Analysis: Capacite Infra initially formed a Volatility Contraction Pattern (VCP) following a strong breakout with volume. However, during last month’s broader market correction, the VCP setup did not materialize. Now, the stock has formed an Inverted Head and Shoulders pattern — a classic bullish reversal pattern —...
Exicom Tele-Systems Ltd. is showing strong technical signs of an upward movement, supported by both chart patterns and technical indicators. Here’s a detailed breakdown of the analysis: Current Market Price (CMP): ₹356.30 (as of 6 Nov 2024). Chart Pattern: The stock recently confirmed a double-bottom breakout on the daily timeframe, a classic bullish reversal...