NACHATUR

NACHATUR Updated 

Vimta Labs is a small cap contract research company with market capitalization of 247 Cr. It has been increasing earnings over last 5 years at 12.5%. It's consolidating between 100-107. Any breakout above 112, should take the share to 160. Keep stop loss below 99.

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USDINR after breakout on 28th Feb 2020 from the level of 74.55, had moved to 76.40 and is moving in a rising channel from 24th March 2020 onwards. It has spent more time near the higher end of the channel showing strength in the USD. However, volatility is high and USD slides to the lower end of the channel when Nifty shows strength (such as last week when...

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Weekly Chart of USDINR. Trend is upwards. Target 78.

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Bank Nifty has tested intermediate support (20,400). It's showing negative divergence on RSI chart. Last support on Trend Line comes at 17,200-16,200

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Nifty is in down trend and may fall upto 10,000.

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TATA ELXSI on monthly. While the lows in 2019 are same as those in earlier period of 2016-17. However, the highs are higher. Extrapolating the highs target is near double the current price.

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USDINR has bounced from support and should see upside in the short term.

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USDINR shot up by 39 paise to 71.77 on Friday as the crude oil price shot up by 3 dollars in the wake of gulf crisis, is showing signs of abating. On 4 hrs. chart it has come to rest at 4 days exponential moving average @71.7590. It has negative divergence with RSI and undershoot the ascending trend line, could fall to 71.80 at 9 days exponential moving average.

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Bullish View: Buy for target of 376 stop loss below 350.

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VIPIND is at horizontal support @475. It is making higher lows and higher highs and may reverse from 470-475 zone to touch 500. Keep stop loss below 459.

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In a decline mode after 52 W high at 1665. Trend is upwards as its making higher lows and higher highs. Good support at 1425-30. Will not be valid below 1400.

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Gold has made a bullish pattern and quoting above 200 ema. May touch recent high of 1535 and attempt to conquer 52 w high at 1556.80 $/Oz.

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Mahindra Holidays chart has formed Cup N Handle formation which is a bullish formation. Buying is evident on good volumes.

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Abbot is having negative divergence with RSI, it may fall from here but the trend is upwards. Buy it in installments, support at 11,508 and 11,167. Acquire it up to fall to about 11,000. Keep stop loss below 11,429.

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RSI positive divergence supports recovery in auto ancillary space. Bharat Gear has recovered from 55 to 74.5 in 5 days. Next target is 102 in about a month.

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Tata Elxsi has given a breakout from the resistance at lower Trend Line. Target would be 200 days EMA @810. Keep stop loss @ 725.

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This range is likely to break on the either side. Volatility is high. Traders are getting whipsawed on both sides. Buy a straddle. (Credit @SubhadipNandy, I follow him.)

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Maruti may show the path of auto Recovery. It's forming a higher lows and though not out of woods completely, it's promising to do better.