Robert_Oppenheimer

Robert_Oppenheimer Updated 

The stock has an undervalued PE compared to the Industry average. It has formed a Cup and Handle pattern right after a bull trend. If the price breaks out after 48, then it has a potential to reach 62 (1st profit target). Watch out for a price break out and add positions as a strong price up-move is possible.

Robert_Oppenheimer Updated 

The public sector stocks are always an attractive pick. But with a great technical setup, it can be a good buy choice. The below is the analysis for GAIL India. 1. The trend formed is not exactly a wedge, it is like an inverted triangle. The high points were touched 4 times, thus establishing the upper resistance and rise in trend. Similarly there were higher-lows...

Robert_Oppenheimer

A close look at the chart of CDLS and BSE reveals that both price charts are making the similar patterns OF CONVERGING TRIANGLES. There was also a similar price and volume breakout in the prices of BSE and CDSL charts a few months back. Both the charts are converging, so a breakout in the near future is expected. The companies such as CDSL and MCX perform similar...

Robert_Oppenheimer Updated 

Reliance NSE:RELIANCE has grabbed the headlines quite a few times for the last year. The price action seems to be more in action. In the last 9 months, it has formed lower highs and higher lows, thus establishing a symmetric descending triangle. The average volume is also decreasing. (Calm before the storm) The prior trend is a rising trend. Thus, its expected...

Robert_Oppenheimer Updated 

Suzlon Energy has been in the news recently due the well performing Energy and Power sector. This stock offered promising Technical Indicators. There was good trend formation of Higher highs and lower lows, which is an uptrend. This started from the beginning of May, from when even the volume has been higher than the average of the last 6 months. The rally was...

Robert_Oppenheimer

We are told that technical analysis and chart patterns are 99% accurate, but here we are going to see the 1% deviation from expectation. 1st, there is a reverse head and shoulder formation, at the breakout from the right shoulder, there is a volume spike along with a price rally. The profit target is 23 points ( from the head till the neckline). The rally stays...

Robert_Oppenheimer

The power sector has been making great news. It is hitting its 10 years high. This rally is partially due to the Covid pandemic where domestic power consumption has seen a good demand. Following, the rally in Powers Sector stocks, JP Power Ventures has been on a good run. In early May, after a period of brief consolidation, it made a breakout as a Bullish Marubozu...