NikunjPurohit

NikunjPurohit

1) negative divergence on double top with lower volume on second attempt 2) sell below 1735 3) though rupee depreciation is good for pharma stock but FII selling may lead to derating across indian market

NikunjPurohit

1) Head & SHoulder pattern 2) Stock has been into consolidation despite showing good volumes every month 3) It shall break the resistance of 135 in coming earning season

NikunjPurohit

1) Double bottom with negative divergence on a downtrend 2) sector has been negatively impacted due to rera for last 1 year 3) News - DSP MF buying Oberoi, Sunteck and Prestige in last few months 4) Risk - Home interest likely to be volatile due to currency and oil prices

NikunjPurohit

Trades at 0.5 P/B aug monthly faced resistance at 52 which also happens to be fibonacci sequence

NikunjPurohit

Market bearish

NikunjPurohit

Falling ruppee and oil will lead to derating across the market L&T can be shorted with trendline as Stoploss

NikunjPurohit

1) Increase in crude and INR not good for economy and also for metal companies as pricing is done based on LME price 2) resistance from trend line

NikunjPurohit

ATH break

NikunjPurohit

1) Double bottom 2) False breakout with high volume Risk - falling crude, INR and increasing interest rate

NikunjPurohit

1) Triple bottom 2) IDEA VODAFONE merger completed 3) RSI divergence 4) Bollinger band squeeze-- whats next ? When will merger reflect in shareholding?

NikunjPurohit

1) Broken triple top 2) Beneficiary of growth in US economy and currency fall 3) Got defense approval to make equipments

NikunjPurohit

1) Triangle pattern 2) News central govt has asked all states to look use same parts if they want funding for metro projects 3) BEML likely to be key benificiary

NikunjPurohit

Buy with SL 100 - making new highs

NikunjPurohit

1) NCLT cases resolution will give a boost 2) CEO tenure extension another trigger 3) stock is at a strong trend line- lets see if it breaks

NikunjPurohit

Reversal likely! 1) Affected by Kerala rains 2) CV cycle still strong; though 2w and 4 w sales were subdued

NikunjPurohit

1) Flag Formation likely to rise by INR 250

NikunjPurohit

1) 27% sales growth in Aug 2018 on a higher last year volume 2) Can be bought with SL 128.85 as it formed double bottom on 15 min candle 3) Other players in auto sector- Maruti Eicher Escorts Hero barely showed any growth

NikunjPurohit

1) Breakout of 6 months bearish trend this week with large volume -- RSI also in overbought zone 2) High Delivery and OI volume in last 3 days 3) USD INR making new lows due to dollar strengthening 4) While other IT companies even Wipro made new highs, ofss has been laggard 5) 73% owned by Oracle 20% by Institutions majorly FIIs- RoE-31% but profit growth has...