Date: 03 Feb 2021
Time: 2.15 PM (IST)
Hero Motor Corp. (CMP: 3380)
Ascending Triangle Pattern formation. Rising RSI from the 50 levels boosts the confidence.
Medium term investment view. Buy above 3,400, for a profit potential of 22%+.
Target Date: August 2021.
Date: 03 Feb 2021
Time: 01.25 PM (IST)
Bajaj Consumer (CMP: 238.25)
Stock has made a good base at 200 levels. From rising Wedge pattern stock has formed into a Megaphone pattern. The RSI is finding support at 40 levels from along time. Today company declared good quarterly results. At this backdrop the stock appears to give 20% profit from current levels go till...
Multiple chart patterns (Double Bottom + Ascending Triangle Pattern + stock making HH & HL in the channel movement). The stock has retraced almost 61.8% from its lowest levels. This is a time to go long on this stock.
Target 1900 - July 2021
Target 2250 - Dec 2021
Not going by the fundamentals as last year washed out the business for PVR. But...
Date: 01 Jan 2021
It is forming Ascending Triangle Pattern. If the price breaks out above the resistance of 830 and sustains strongly with good volumes over the next 5-10 days then upside target price will be 1,160 for which the target date will be 30 Nov 2021. The stock is already trading well above all its Daily EMAs.
The stock trades...
28 Dec 2020
TCS (CMP: 2,929)
TCS has formed a Cup and Handle Pattern. The stock price is trading above all its daily exponential moving averages (10, 20, 50 & 200 DEMA). The company has started buyback of its share at 3,000. The last date to tender its share is 01 Jan 2021. This will fuel the stock for good trading bets in upcoming days.
It is showing an 8%...
Date: 28 Dec 2020
Maruti Suzuki (CMP: 7,483)
Chart Time Frame: Weekly Chart
a) Maruti has formed an Inverse Head and Shoulder pattern on a weekly basis.
b) Stock price is sustaining above all its 'Weekly Exponential Moving Averages' - 10 WMA, 20 WMA, 50 WMA & 200 WMA.
c) The average Volume has increased more than double since the formation of Inverse H&A...
Date 26 Dec 2020
Cipla (CMP: 833.20)
Cipla has made a flag pattern on a weekly basis. The stock can show an upside surge in the next 1 year giving a return of 56%.
Target Price: 1,300.
Target duration: October 2021