IOL CP has a good structure amongst the Chemical Stocks. CMP - 437 TARGET 1 - 540 TARGET 2 - 690 SL DCB - 390
Consumer Durable Stocks expected to do well, triple bottom structure in place. Making higher lows and higher highs in daily time frame. Good volumes also seen.
It listed around May 2022 at 450 levels, made a high of around 650, corrected until 213. As per dow theory, it has been consistently making lower highs for 2 years and is currently showing signs if turnaround by giving a trendline breakout. The risk reward looks very attractive, SL can be placed at 210 DCB. I envisage that it will complete a rounding bottom...
Cmp - 434 Target 1 - 485 Target 2 - 600 SL DCB - 356
There is currently a lot of pessimism in the Chinese Market. This ETF offered by Nippon India mirrors the Hang Seng Index which is currently available at a PE of 8. CMP - 239 , Target - 340, Time 2 years, SL - 220
Best results amongst Banks, Higher high structure intact in weekly timeframe, Huge accumulation happened in May 2023, CMP 167 Target 1 - 203, Target 2 - 250
Great Relative strength, Turnaround story, Good EPS growth, Media sector was in deep consolidation for years, signs of cyclical turnaround are seen, CMP 278, Target 1 - 500, Target 2 - 800, SL DCB - 215, Risk Reward is good
Prices turn around before the results do. Huge Accumulation done. Once the upmove starts it will be fast and furious. CMP 160, Target 1 - 250, Target 2 - 400, SL DCB 120
Turnaround seen in Chemical Stocks, Higher High Structure in weekly chart, sustaining above the breakout, upmove supported by heavy volumes, currently in consolidation, will gradually move up.
Zodiac ventures with reasonably good fundamentals showing reversals on charts. CMP 17; Target 38
Indian Terrain is in a HH - HL structure on weekly timeframe. Inflation coming down will help bring raw material prices and eventually margins will improve further improving profitability. CMP 63; Target 90
Pharma Sector Turning Around after years of consolidation Cmp 742 Sl DCB 698 Target 1 - 850 Target 2 - 1000
Tailwinds in Infra Sector will help in move further, Multi Year Breakout with unprecedented Volumes, SL - 49, View expected to play out in about a year
The stock has seen good consolidation and making higher lows in Daily timeframe. Good volume based accumulation seen. Will pick up momentum above 320.
Cmp 134; Sl DCB 119; Target 1 - 180; Target 2 - 230