It has been observed that the price action is strongly trending up for past two years. Now, after a big rally up, it is consolidating in a triangle pattern and a breakout above it shall further bring upside rally.
Market Cap: 4328 Cr
Face Value: 10
Book Value: 175
ROCE (5Yrs): 107%
It has been observed that after a sudden huge gap up, the price action came down gradually and covered the big gap. Now, it is striving to breakout from the downward trend line in order to revive the trend.
It has been observed on the monthly chart that the price action is forming a higher high, higher low sequence indicating a strong breakout from a current resistance zone of 140-150 levels. It has a strong fundamentals to support the next move up.
It has been observed that the price action was trending up and then corrected sharply within a downward channel and now it is breaking above the channel indicating a further continuation move to 340 plus levels.
It has been observed that the price action trading in a range for a while and now it has again reached to the bottom of range where a revival is expected. Once closes above 56 levels then it shall further rally up.
It has been observed that the price action is trending upside with short correction after every upward move. Now, the current short correction seems to be over with the current breakout.
It has been observed that the price action trending downward for past few months and dropped from 290 to 230 levels. Now, the price action breaking above the downward trendline which will indicate a strong buying pressure and buyers comeback. Once it closes above 243 levels then it shall confirm the upward rally from here on and every dip shall become a buy.
It has been observed that the price action trending down since one year from 180 to 140 levels. Now, it is breaking above the downward trendline indicating a bullish and a strong move ahead.
It has been observed that the price action bottoming out as it formed an exhaustion candle stick at support zone, indicatng sellers exhaustion and now it breaks above the downward trend line indicating buyers comeback and it shall further rally from here on if it manages to close above 1000 levels.
It has been observed that the price action trending in a down rally but now indicating a reversal due to Bullish RSI divergence, where RSI forming higher high and price action forming lower lows. Now, it shall further move up to the bigger downward trendline at around 640 levels.
It has been observed that the price action breaking above previous resistance zone of 1250 levels indicating strong buyers coming back and taking price action further up and above the resistance zone.
It has been trending down and now breaks above the downward trendline indicating a buyers come back and further up movement in price action. It is a fundamentally strong debt free company with consistent growth in earnings.
It has been observed that the price action corrected sharply from the 340-320 levels and deeply went down to the previous support zone at 200-210 levels where now buyers coming and volumes increasing. Overall, indicating an upward move ahead. It is a sound company fundamentally with profit growth of 43% for last 5years. Currently, trading at low P/E.
It has been observed that the price action was trending down for a while and now reached at the strong support zone and formed a double bottom indicating a strong reversal from current levels.
SL - 95
It has been observed on the daily chart that the price action rebound on the strong support zone of 38-39 previously and now, it has done it. It is indicating a good buying at those levels and now it shall boost this rally further up.
As per fundamentals, It is trading a low P/E and below its book value which is another good value addition for buyers to initiate...
It has been observed that the price action breaks above the consolidation triangle indicating buyers comeback and further move up. The company is fundamentally strong and sounded.
Market Cap: 2500 Cr.
CMP/BV: 1.53 times
Debt to Equity: 0.24 times
Operating Profit Margins: 10-12%
It has been observed that the price action dipped below the book value of the company, which is providing a good opportunity to buy as an undervalued company at discount of 20% from its book value. The price action dipped due to the recent down turn in the realestate market due to Government policy changes in recent year like Demonetization, GST and other. But the...