JMvalueinvest

JMvalueinvest Updated 

Harrison Malayalam has formed a very bullish inverted H&S pattern. Buy between 100-110, for target of 140-150 Both its business segments are doing extremely well due to surge in Tea & Rubber prices.

JMvalueinvest Updated 

Just Dial is at the verge of a triangular pattern breakout, which would result in 40-50% upside. The reason it is likely to move on upside is that, 1) the company is doing buyback at Rs700/sh. and the buyback is yet to commence. It is the 3rd buyback in 4 years. 2) Just dial is being removed from F&O series after July expiry, so there cant be any short...

JMvalueinvest Updated 

Buy FDC at current levels of 290-300, as it has given a breakout of Inverse H&S pattern on weekly chart, that results in target of Rs390-400. Moreover the stock has given closing at highest levels on weekly & monthly charts, with very good volumes. FDC has been performing very well on growth and profitability. Further, the co has over 700cr surplus cash on...

JMvalueinvest Updated 

Nestle is making Inverted H&S pattern and the breakout above 16260 would provide 500-600 points upside. SL at 15900

JMvalueinvest Updated 

Nifty is forming bullish/ inverted HEAD & SHOULDER pattern on hourly charts, which would be confirmed on move above 11560, which would provide 350 points upside or a target of 11,900. One can buy Nifty in the range of 11540-575 for a 350 points upside. SL below 11,400.

JMvalueinvest Updated 

Fiem Inds has broken out of bullish H&S pattern. Buy at current levels for upside of 200 points/ target Rs700. SL at 450

JMvalueinvest

Cadila Healthcare has given breakout from its Inverse H&S and is sustaining the move. BUY for target of Rs500-550, which is 25 to 40% upside from current levels.

JMvalueinvest Updated 

Ajanta Pharma is forming a Inverse H & S pattern and will breakout above 1480, and would result in pattern target of 1600 levels. Would strongly back the target given that Pharma sector especially the midcaps are in flavor and are outperforming.

JMvalueinvest Updated 

Federal Bank is currently forming its Right shoulder in the bullish Inverse H&S pattern and will breakout above 50.7 (neckline). Buy at current levels of 46.5-47, for upside of 25-27% with target Rs60. SL at 44.7.

JMvalueinvest Updated 

NESCO is forming bullish Head & Shoulder pattern. Buy at CMP for target of 560, which is 20% upside. NESCO is a fantastic midcap stock with zero debt and consistently growing rental revenue. Can have SL at 425.

JMvalueinvest Updated 

Bank Nifty can be bought at current levels as it is under formation of bullish H&S pattern. At current levels of 21500, the Reward/Risk is 7:1, an extremely compelling case to take a long trade with SL below 21000 and target 25000! The one-time loan restructuring news for banks will be good trigger for the upmove to commence.

JMvalueinvest

Bayer cropscience has corrected and is at the trendline support of its current rally. A good level to Buy for 10-15% upside, especally given that Agri and Rural theme is the flavor of the market

JMvalueinvest Updated 

BUY Vedanta for 10% upside, which is its channel upper band. Delisting news can quickly get the target of 116-117

JMvalueinvest Updated 

Nifty IT is once again at channel support. Had previously recommended to buy for 8-10% upside, and successfully exited the same. From here it can be both long and short, based on where it continues to take support or breaks it. Should ideally short, if channel breaks, on closing basis.

JMvalueinvest Updated 

Dr Reddy has broken out of Inverse H&S pattern and is headed for the target of Rs4500. Buy with SL at 3900.

JMvalueinvest Updated 

Buy Sanofi at CMP of 8000, as it is making bullish Head & Shoulder formation. First target is the neckline of 8400-8450, above which stock can move to 9000. Big dividend of Rs350/share is also getting ex on 29 June 2020.

JMvalueinvest Updated 

Berger Paints has taken resistance at falling trendline and has begun correcting. Short for target of 460, with stop loss at 520.

JMvalueinvest Updated 

Cholafin has given breakout of Inverse H&S, BUY at current levels fro target of Rs200, SL at 160