Manabala

Manabala Updated 

CANBK is the only PSU bank stock which is trading at less than 5 PE despite posting 3rd highest profits in last 12M. I see a lot of potential in PSU bank stocks in long term. Will be investing across PSU banks. Finance sector acts as a beta when nifty makes new highs. So betting on Finance stocks especially PSU banks. Based on SMC concept, Breakout has...

Manabala Updated 

History shows when price forms a channel with upward trend and gives a breakout, it creates a new high and 100%+ gain comes in approx. 40-50 days. Break out is still to come.

Manabala Updated 

Support level is strong. Reversal is observed in this zone in history. Financials have improved significantly. Three type of targets can be set T1 - 134 - Can be achieved within 7-30 days. T2 - 142 - Next resistence level T3 - 199 - Range bound trading concept - Stock has traded in range 120 to 200 3 times in past.

Manabala

SBI Cards achieved highest ever figures in both revenue and profit. However, despite this strong performance, the stock opened with a 7% decline. After the initial four minutes of trading, the stock began to rise and eventually stabilized around the 750 level. It appears that an operator may be accumulating the stock, as it is trading at its listing price since...

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RAJESHEXPO price is trading at below 200 SMA and available at a demand zone as per SMC strategy. Stock has not given any significant returns after increasing its profits and revenues by 1.5x Heavy volume transactions are observed in 500-600 price range which is a good sign for accumulation. Short term target is next resistance line 615. Range bound trading...

Manabala

It's a range bound trading strategy. Stock has been trading in this range since last 8 years. During this 8 years, Fixed assets have grown up from 68 Cr to 351 Cr. Reserves have gone up from 299 Cr to 867 Cr. But stock is still trading at bottom level of 830. Stock is below 200 MA which is a good sign of saying not overvalued at this point. As shown in the...

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Despite posting highest ever results, stock has corrected nearly 10%. Today it has formed a hammer candle in SMC demand zone. This demand zone is also 200 MA zone. Stock has potential to make new ATH. But 9% quick gain can be seen if stock retraces back same level, which looks like a handle for a bigger RHS pattern.

Manabala

The stock is presently trading below its 200-day moving average (MA) following a substantial increase in profits of nearly 100% since March 2022. Interestingly, the stock was at similar levels during March 2022. During that time, a CWH pattern emerged, featuring a neckline at the 786 level. The breakout from this pattern occurred with significant trading volume,...

Manabala

The stock has seen a decline of over 45% from its all-time high (ATH) and is currently trading below its 200-day moving average (MA). It is maintaining a consistent trading pattern within a range of 418 to 505, which constitutes a 20% range. The stock has found support at multiple points within this range and has experienced three movements from 418 to 505 within...

Manabala

The stock has experienced a decline of over 40% from its all-time high (ATH) and is currently trading below its 200-day moving average (MA). It is exhibiting a consistent trading pattern within a range of 1385 to 1685, which constitutes a 20% range. The stock has found support at multiple points within this range and has made three such movements from 1385 to...

Manabala

CWH pattern was formed with a successful breakout with a target of 700. Now stock price has fallen after bonus issuance and Asian Paints news. CWH pattern with neckline retest makes it much more attractive and gives another opportunity to enter. Fundamentally, stock has posted highest ever numbers in revenue as well as profit in latest quarter.

Manabala Updated 

CWH pattern has been formed in PNB where no proper handle was formed. But the neckline at 59 was retested twice. A bullish candle at this line may give the stock a 24% run up.

Manabala Updated 

5 times retested the neck line as resistance and now trying to get support after slight breakout at 2327 level. T1 - 2435 (based on lower pattern) T2 - 2645 (based on current pattern) Fundamentally stock has good rations. MF business will grow when nifty makes new high after consolidation of around 2 years.

Manabala

CWH pattern is getting formed at neckline of 1538. 1430 level acted as support after fall on 14-16 Aug which makes CWH pattern more attractive. Fundamentally, stock is recovering from Inventory losses and have good expansion plans.

Manabala

Neck line is getting formed around 275. Handle bottom level of 257 is retested and acted as support for the fall on 14th Aug. T1 - 314 - next resistance T2 - 349 - CWH pattern target

Manabala

Stock has taken support 2 times at level 620. This was the same level which acts as CHoCH for the stock in previous breakout. It may be a CWH pattern without clear handle and neckline getting retested. Stock has posted highest ever results. It may reach the previous high which is 15% gain from current price.

Manabala Updated 

CWH Pattern is still in place for a short term target of 833.

Manabala

HDFCBANK price is trading at below 200 SMA and available at a demand zone in SMC strategy. Stock has not given any significant returns after doubling its profits and revenues and is in consolidation at a range since last 2 year. Short term target is next resistance line. Mostly it should give much more run up with Nifty making new highs.