Mayur_Undale

Mayur_Undale Updated 

Date- 02 Aug 2020 Cholamandlam Finance (CMP 202.50) Double Bottom Pattern. Also Max OI addition is at 180 strike price (1.60 lacs OI added in just 1 day). It shows where the under current is building up in the stock. Target - 189.50 T1- 198, T2- 193.50, T3- 189.50; SL- 207 Once the stock price moves below 190 then new opportunities will open for 180 level. Will...

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Date: 18 July 2020 Exide Industries (CMP 159.80) Double Bottom and Flag pattern can be seen in the chart. Price trading well above 20 DEMA and 50 DEMA. Target 170. If 170 is achieved then next target will revised at 180. T1- 163, T2-166, T3-170; SL-155 PCR = 0.41; Max OI at 160 CE (12.31 Lacs), 165 CE (7.02 Lacs) and 170 CE (7.07 Lacs).

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Date: 18 July 2020 NIIT Tech (CMP 1678.70) Price movement in a channel from 4 months. Per Fibonacci retracement, the price may bounce to 2000 level. The 20 DEMA is closely touching the 200 DEMA and if it crosses the 200 DEMA then the speed of stock to go up may increase. This will be bullish sign. Can see 20% upside in the stock in short to medium term. T1-...

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Date: 23 July 2020 Deepak Nitrite (CMP 551.10) Deepak Nitrite quarterly result is on 30 Jul. Fundamentally it is a good company. Being into chemical business the pandemic situation should benefit the stock due to increasing demand. One of the best figures of RoCE, ROE, EPS, ROA and lower PE than Industry PE. PE = 11.84, Industry PE = 12.94, ROE = 46.57, ROCE =...

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Naukri (CMP 3110.30) Ascending Triangle Pattern Breakout. Target Price = 3215. Stop Loss- 3000 PCR- 0.77. Is a good sign for upside. Max OI at 3200 strike price

Mayur_Undale Updated 

Date: 01 July 2020 Century Textile (CMP 302.65) Symmetric Triangle Pattern. Target 320. Max OI placed here. T1- 307, T2- 315, T3- 320 SL- 293 Once price breaks out of this triangle pattern then we will review again

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10 May 2020 TATA Consumer Products: CMP - 348.75 Important news going on in the market: Tata Consumer Products will be included in the MSCI Index in the coming week. If that happens stock will get big boost. Despite nifty fell sharply by more than 6% in the last week, TATA Consumer Products moved up from the low of 325.65 to 355.50 (9.16% of price movement),...

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Date: 29 June 2020 Motherson Sumi (CMP 95.30) has taken support at multiple times in the past. Likely chance of upside movement. Today also stock priced retraced from the day's low and closed near the open price, slightly above the 20 DEMA level. Immediate upside target will be 100 and down side for SL will be 87.85 Breakout above 100 with increasing volumes...

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Date: 01 July 2020 Divis Lab (CMP 2257.70) Multiple chart patterns in Divis Lab. Descending triangle pattern and Head and Shoulders pattern If price breaksdown below 2245 then we can see downward target of 2000 T1- 2175, T- 2075, T3- 2000; SL- 2350 Target date: 25 Aug 2020

Mayur_Undale Updated 

Date: 29 June 2020 LIC Hsg Fin (CMP 264.55) Head and Shoulders pattern is completed. Stock has today moved below the 20 & 50 DEMA. It is already trading very lower to 200 DEMA. RSI is going down below 50. Target: T1- 255, T2- 245, T3- 235; SL- 275 Target Date: 09 July 2020

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Date: 17 June 2020 Max Financial Services (CMP 490.15) Chart Pattern: Ascending Triangle Pattern. Stock has to go up and close above 500 level for 4-5 trading sessions for strong confirmation. Company is virtually debt free. T1: 540, T2: 567, T3: 610; SL: 450 Target date: 03 Sep 2020

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Date: 22 June 2020 CEAT CMP 935.50 Rising Wedge pattern can be seen in Ceat. Price has broken down the rising wedge pattern. Also stock is approaching down towards 200 DEMA. Stock is moving in a channel. T1: 926, T2: 883, T3: 840; SL: 975 Target Date: 20 July 2020 Risk to Reward: 1:3 Potential profit: 10%

Mayur_Undale

29 June 2020 Glaxo (CMP 1493) Inverse Head and Shoulder Pattern. It took 92 trading days for the pattern formation. Long term is 552 points up from 1525. Breakout above 1525 is crucial. T1= 1709, T2= 1893, T3= 2077; SL= 1341 Target Date= 30 Oct 2020

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19 June 2020 BEL : CMP 80.05 Inverted Head and Shoulder pattern is completed today. The breakout candle with strong volume buying from the last 3 sessions confirms the pattern. BEL is in the business of Aerospace and Defense manufacturing. Amid India-China stand-off in eastern Ladakh, the government is considering a proposal to buy 21 Mig 29 and 12 Sukhoi Su-30...

Mayur_Undale Updated 

Date: 18 June 2020; Time: 3.20 pm HDFC Life (CMP 515.70) Stock is moving in a channel. The price is also showing breakout at the small ascending triangle pattern which is very close to its 200 DEMA. Stock has multiple pattern. on medium term perspective it has symmetrical triangle pattern. Short term target = 535; duration 6 trading sessions; SL = 507 Medium...

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Ascending Triangle Pattern

Mayur_Undale Updated 

18 June 2020: Reliance Industries Cup and handle pattern formation completed. Target: T1 - 1715, T2 - 1795, T3 - 1875; SL = 1525 Duration 30 Trading sessions - 30 July 2020

Mayur_Undale Updated 

Motherson Sumi has declared that 80 out of 152 plants globally are open. 30% of these are running at 80% capacity and remaining are running at 50% capacity. Permission is being sought for other plants also. Motherson Sumi CMP: 81.70 Flag Pattern formation on hourly chart. Breakout above 82 will push the stock price to 96 level. Price Target: T1: 86.50, T2:...