Manabala

Manabala

Suryoday stock has developed an attractive CWH pattern, with a notable VCP during handle formation, suggesting potential institutional investment due to increased volume. Furthermore, all EMAs (Exponential Moving Averages) - 10, 21, and 50 - are on an upward trajectory, signaling bullish sentiment. The stock's relative strength is also positive, evident from its...

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The stock is currently below its 200-day moving average (MA). It is exhibiting a consistent trading pattern within a range of 160 to 190, constituting a 20% range. At the lower levels of 150, a W pattern is beginning to take shape. From a fundamental perspective, the company is reporting its highest-ever figures in terms of revenue and profits. Stock declined...

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SBIN has posted highest ever profits and revenues and trading at a PE of 7.64 which is very low compared to it's own median PE of 5yr - 12.9. Stock is under pressure and consolidating as Bank Nifty is not moving. T1- 620 - Next resistance level - Quick 8% gain T2- 736 - CWH pattern - 29% gain - Should reach once Bank Nifty moves as Financials strongly supports

Manabala

A CWH pattern has emerged in the weekly chart of BIOCON. The company has significantly expanded its fixed assets from 6500 Cr to 34500 Cr and has recently posted its highest ever quarterly results. Despite this, the stock is currently trading below 41% from its all-time high. Additionally, there is a technical formation of both a CWH pattern and a Volatility...

Manabala

As the chemical industry experiences a resurgence, CHEMPLASTS has emerged as a stock garnering significant attention from mutual funds. Non-institutional holdings have decreased from 10.93% to 6.48%, while the stock has shown relatively modest returns. Currently, a Cup with Handle (CWH) pattern is taking shape, with its neckline undergoing testing. This stage...

Manabala

Stock has traversed in this range multiple times. Whenever it reaches the support level, reverses for a 20% upside potential. Fundamentally stock has posted highest ever revenues and profits and is trading at a lower support level.

Manabala

Multiple CWH patterns are observed in Edelweiss Fin serv. Stock is in a uptrend. It's business is correlated to the market. Interest rate cut will help in increasing the profitability which may happen very soon. T1 - 95 T2 - 125 Can make downward averaging in case stock falls due to index correction.

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For a quick 12% gain in this bull run ... Fundamentally stock is good, If it goes down can downward average.

Manabala Updated 

The stock, which has consistently increased its revenue and profits, is currently trading at a 55% discount from its all-time high (ATH) and is in close proximity to its 200-day moving average (MA). It has experienced four instances of trading within the range of 2390 to 3120, showing signs of making new higher highs (HH) and higher lows (HL). Target - 3114

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Bank has posted great results and trading at a PE of 5.72. CWH pattern can be observed where T1 comes out to be 226 which is ATH price as well. Currently, stock seems to retested the neck line and may give a run up of 20%.

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The stock is presently trading below its 200-day moving average (MA) despite having achieved a remarkable 100% increase in profits since March 2021. The stock reached its all-time high (ATH) of 385 in June 2021, primarily driven by the results of 249 Crores in March 2021. Currently, the stock has a trailing twelve-month (TTM) profit of 536 Crores, while its stock...

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Stock is trading below 200 MA. Stock is down 47% from ATH. Revenue has gone up 14% in last year. Fundamentally stock is very good and at an attractive valuation. 377 level acted as support multiple times. Short term target is 417.

Manabala Updated 

Stock has good potential to move up from this level. There is a CWH breakout happened on Friday. As per SMC concept also, there is a clear cut CHoCH and minor BoS which supports this. Trend is up. Fundamentally, stock has good ratios. AMC stocks should give a run up when nifty is making new high as their profit will increase accordingly.

Manabala Updated 

Stock has highest ever numbers in sales & profits. Recently it has successfully completed CWH pattern result. Currently stock is available below 200 SMA and trying to get support. Pivot Fibonacci resistance, which is a monthly weighted average price, can be a short term target.

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History shows when price forms a channel with upward trend and gives a breakout, it creates a new high and 60%+ gain comes. Breakout is yet to come and Stock may or may not come to 580 level for retesting. Fundamental business growth points from their recent PPT which supports for a upward movement: Fixed assets have been increased to 6000 Cr+. TAN domestic...

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AAVAS is currently trading below 200 MA despite having highest ever numbers in revenue and profit. CMP is at a support line where a W pattern was formed Mar-Jul 2020. Similar kind of pattern is being observed now. Current PE is 25 and median PE is 55 which indicates 100% upside potential once interest rate gets cut, which will lead to increase core business for...

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Stock is trading at 0.17 times its book value. Though stock is trading at ATH, it has potential of 20% upside after forming a beautiful RHS structure. Larger CWH structure neckline is respected thoroughly via this RHS. Historically, stock pumped up in similar continuous candlestick structures. Stock is in consolidation range of 1% since last 7-8 days. Most...

Manabala

Stock is likely to give breakout from range of 644 & 844. Notably, the level of 736 demonstrated significance during the market downturn on October 25th. There is an expectation of a rally in AMC companies when Nifty achieves a new high, with NAM_INDIA and HDFC AMC already showing substantial gains near their all-time highs. In contrast, UTIAMC is currently down...