Stock has shown good upside momentum and has not been fully recovered after the covid-19 Impact hence here i see an opportunity and feel like it is ready to shoot up and forming a pennant pattern For easy targets of 50 to 60.
Technicals:- Very bullish on the stock as it was consolidating from a very long time. and has given break-out with huge volumes We could easily expect target of 62 or more. Fundamentals:- Rising Net Cash Flow and Cash from Operating activity 375.3% returns for Nifty 500 over 5.9 years Good quarterly growth in the recent results 254.3% returns for Nifty 500...
This particularly, is a very good stock to buy as per my study With a good combination of technical and fundamental indications this looks a good stock. Technical aspects:- Trendline (Uptrend) Dynamic support of averages in multiple time frames Retracement levels From 0.618 Breaking a resistance. Fundamental Aspects:- Market Cap:-33200cr PE:-...
Price action shows there is an accumulation going on in the stock and it is respecting the support line(Trend line) very well once the resistance is broke we may see a good upside move. Now, talking about the fundamentals . Pros:- Company is almost debt free. Company is expected to give good quarter Company has been maintaining a healthy dividend payout of...
very optimistic about the budget and also its a good company fundamentally and technically also show a positive buying side.
PROS:- 1.Company has reduced debt. 2.Company is almost debt free. 3.Company has a good return on equity (ROE) track record: 3 Years ROE 40.41% 4.Company has been maintaining a healthy dividend payout of 64.34% ------------------------------x------------x------------------------ Cons:- 1.The company has delivered a poor growth of 0.84% over past five...
Alembic pharma is one which i would choose in my portfolio to be, why? The reasons i have mentioned in green label and only being one down side the promoters holding the financials are really pleasing profits turns out to be good, similar if we see other companies in comparison (i.e- Torrent pharma) the current trading price is really undervalued. As for trading...
Manappuram fin can be a good choice for long term investing
Consolidation, High probability of giving a breakout
Reasons :- 1. Daily time frame shows back to back green candle (retracement needed) 2.1 min time frame rising pattern breakdown. 3.Facing resistance 4.Rising wedge pattern (High probability of giving a break-down) Caution :-!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 1. Victory of Biden can have a bullish impact on the markets. This is my view and, lets hope for the best.
Reasons:- 1. Facing rejection @ support 2. Formation of double bottom 3. Once broke the 409 resistance may show a upmove This suggest the stock may show an upmove on monday.
Reasons:- 1.Daily chart heavy rejection. 2.this candle may be an retest 3. 200 being an psychological resistance Caution :- The price is still above 200 EMA I.e. its still in Bullish phase. This is my point of view, lets hope for the best.
Consolidation for about a week, once breakout or a breakdown given it will be a very strong.