NACHATUR

NACHATUR Updated 

USDINR started its upward journey on 28th Feb 2020, rising 1.27% from 71.61 to 72.52 in a single day. That rise peaked at 76.9749 on 21st April 2020. A rise of 7.49% in less than 2 months. From there, it started making lower highs and lower lows. Up until 1st July it found support at 75. On 2nd July it broke that support. Next support was to come at 74.5280...

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National peroxide has given a breakout from the inverted head n shoulder pattern which is a bullish pattern. Risk reward is in favor of buying. Buy @ 2115, for target of 2740, keeping stop @1930. Disclaimer: This is not a recommendation to buy or sell. Please carryout due diligence before buy/sell.

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Moil has given a breakout from flag consolidation of 6 weeks. Buy for target 169, stop @148. Long term target is 198. This is only for educational purpose. Please consult your financial advisor for buy and sell.

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Equitas is making higher highs and higher lows. It's moving in a channel. Breakout will finally take it to 110 (1 year target). Only for educational purpose.

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A small company, Kolkata based, manufacturer and seller of leather shoes and accessories, is given growth in profit of 28% during last 3 years. It is available at PE multiple of 11.5. It has given a breakout from the trend after consolidating for about a month. Target is 159 and stop loss at 127. RR is 1:4. CMP at 134.50. This is for education purpose only. Do...

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Apollo Hospital has been consolidating in a rising wedge formation for more than 3 months. It has given breakout from horizontal resistance. Good for positional long keeping stop at 1438 (9 days ema) and target 1715. This is for educational purpose only. I am not a SEBI registered analyst. Please consult your financial advisor before taking a trade.

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Equitas has given a breakout from a rising wedge with good volumes. Target is 200 Days EMA @76.20. Not valid below 56. For educational purpose only. Please consult your financial advisor before investing.

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Moldtek Packing has given a breakout from Cup N Handle pattern in sync with Nifty FMCG. Buy at 207.50. Target will be 256 and it will not be valid below 194. This is only for educational purpose. I am not a SEBI registered analyst. Please consult your financial advisor.

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Making higher highs and higher lows.

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This is a fundamentally strong cement company on a ride to higher levels. But after nearly rising 95% from the level of 22.50 from 8th May 2020, it needs to take a breather, showing negative divergence with RSI. Buy on dips.

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Caplinpoint Lab has given a breakout on huge volume (12.94 lakh shares) from inverse head and shoulder pattern which is a bullish pattern. It is showing promise of better times ahead.

NACHATUR Updated 

Kaveri Seed has given a breakout on Daily Chart, forming Cup N handle pattern giving target of 436, Stop @ 378.

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It appears like a breakout but it may be a move by smart money to exit the stock. There is bearish divergence on RSI. This may prove to be a false breakout. So trade carefully.

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Maharashtra Scooters chart is showing bullish divergence with RSI. Fundamentals are sound, debt free company. Investments are 5 times market capitalization. Available at beaten down valuation, P/E 11.5.

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ITC has made a cup and handle pattern. It appears to be good above 191.20 for target 216, 234. It will not be valid below 172. Please consult your financial advisor. This is for educational purpose only.

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ADF Foods is on the verge of breakout. There is Cup and Handle formation which is a bullish chart pattern. Buy above 249 (200 days ema placed @248.80). Target 315. Stop should be placed below 214. Please consult your financial advisor. I am not SEBI approved analyst. This is for educational purpose only.

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Hudco has formed bullish pattern Cup N Handle on daily Chart. Should buy above 25.50 for target of 32.65. Stop Loss may be kept below 22.80. RR: 1:2.6 Disclaimer: Not a SEBI approved advisor. For education purpose only.

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Marico has given a decent breakout from head n shoulder pattern. Its target works out to 391. Keep stop loss @307. Risk Reward 1:5.5, Please consult your financial advisor, I am not a SEBI approved analyst. For education purpose only.