NeeteshJain

NeeteshJain Updated 

It has been observed that the price action is trending down technically but on the fundamental side the valuations are improving and looking good. Some of the key valuation indicators are as follows: 1. P/E: 13.3 (Undervalued) 2. Book Value: 74 3. Debt to Equity: 0.01 (almost a Debt free company) 4. Current Ratio: 3.3 5. Net Profit Margins: 30% 6. Return on...

NeeteshJain Updated 

It has been observed on the daily and weekly chart that the price action breaks out from a downward trending line at support zone indicating buyers come back. Once it closes above 29 levels then it shall further race up to new high levels. The company is also at good valuations, trading near its book value of 27. With low P/E and continues growing revenue, it is...

NeeteshJain Updated 

It has been observed that the price action was trending down for past 5 months and now, it showed a strong volumes at support levels indicating a buyers coming back. It has another resistance at 280 levels, if it breaks and closes above it on weekly chart then it shall confirm a change in trend and will further rise up. Target 1: 280 Target 2: 320 Stoploss: 245

NeeteshJain Updated 

It has been observed that the price action formed a double bottom at 155-157 levels and now showing strength and pushing up price action to new highs and changing the trend from lower lows to higher lows and higher highs. It is a positive indication and the stock shall perform well in coming session. T1- 170 T2- 175 SL- 162

NeeteshJain Updated 

It has been observed on monthly chart that the price action breaks above strong resistance zone and shall further move up as buyers are now in control. Fundamentally, the company have recorded highest quarter sales, and also sustaining growth in net profit margins, which has boosted the momentum in the stock. Long term view: T1- 180 T2-210 SL -140 Short...

NeeteshJain Updated 

It is been observed on the hourly chart that the price action breaks above the consolidating flag pattern indicating a bullish move ahead tomorrow. Target: 1050 SL- 980

NeeteshJain Updated 

It is been observed on the daily chart that the price action breaks above the Ending Diagonal and also formed a RSI divergence indicating a change in price action from a down to upward trend. It shall further move up from current levels. T1-142 T2-145 SL136

NeeteshJain Updated 

It has been observed on the daily chart that the price action strongly breaks above the triangle formation pattern with a long candlestick that did not have a lower wick, indicated full control of buyers on price action. Now, it shall further move up to all time highs. T1- 1875 T2-1900 SL-1810

NeeteshJain

It has been observed that the price action powerfully breaks above triangle pattern formation while forming a strong big green candle stick with no wick at bottom, also indicative of a strong buyers control over price action. Now, it shall further move up to make new all time highs. T1- 1875 T2-1900 SL-1810

NeeteshJain Updated 

It has been observed on the Weekly chart that the price action breaks above the strong resistance zone of 830-35, which now indicating a new all time high and also shall further move up. The company has been working well with strong growth, which also eligible for investing. Target1: 855 Target2: 865 SL1: 830

NeeteshJain Updated 

It is been observed that the markets are consolidating for more than a week and now it has formed and completed an ascending triangle pattern formation and once breakout confirms on either side of the formation then it shall provide a good directional move in the market. Key Levels: Support 9910 Resistance 9965 (55 points range)

NeeteshJain Updated 

It is been observed on the hourly chart that the price action is firstly forming a U shape Cup consolidation followed by a downward correction channel, Handle and now breaking above that zone which is indicating a bullish move ahead. T1- 940 T2-960 SL- 900

NeeteshJain Updated 

It is been observed on the daily chart that the price action breaks above the down trending channel indicating a bullish move ahead. T1- 630 SL-610T

NeeteshJain Updated 

It is been observed that the price action is showing a positive buying at the support zone indicating reversal at support zone. T1- 1220 SL-1175

NeeteshJain Updated 

In the above chart, I have a drawn a closing price resistance line in blue indicating a highest candle close on the chart, now the price action needs to close above that previous resistance to indicate further upside movement in the stock therefore we need to wait for the daily price closing in order to determine and confirm the further movement. In this chart,...

NeeteshJain Updated 

It is been observed on the daily chart that the price action is forming lower highs and lower lows from Higher Highs and Higher lows, indicating a change in trend. It is further dip down and next support levels. Target 1- 1725 Target 2- 1700 SL - 1775

NeeteshJain Updated 

It is been observed on the daily chart that the price action is forming lower lows and indicating further weakness ahead. Target 1- 1540 Target 2- 1510 SL - 1600

NeeteshJain Updated 

It is been observed on the daily chart that the price action is trending down after consolidation. It shall further dip down from current levels. Target 1 - 120 Target 2- 115 SL-130