Rocky_Chow

Rocky_Chow Updated 

A professionally managed, highly leveraged, growth oriented, asset heavy, recently listed domestic focused hospitality company, SAMHI enjoys high operating margins only to see its net profit dwindle due to depreciation and interest... company has some marquee investors like Madhusudan Kela, Govt of Singapore and looks to be undervalued relative to its...

Rocky_Chow

I believe this is a good time to take position in Natco - parallel channel bottom has been made - fibonacci level bouncing in between 0.618 and 5 - price closing above red cloud as per ichimoku and retraced once.. the green cloud is visible at the end.. the signal seems loud enough to me

Rocky_Chow

After correcting a fair bit from its recently made all time highs my favourite pharma stock has been going in a zig zag manner while fundamentally it recently sold certain non core assets for some 150 odd crores... so whats cooking, will it announce the first of its long awaited brownfield acquisitons? Anyhow, it has formed a symmetrical triangle and the same...

Rocky_Chow

After the completion of the triangle target of 575 and being put in ASM I the stock has lost its momentum ...or one can say,it is digesting its gains....however line chart monthly basis shows that the stock is poised to break its range and range breakout, if it happens gives us 2 longer term targets, one the absolute value added to the range and second, the...

Rocky_Chow

Global geo politics is bound to keep oil prices and USD both from weakening relative to the Indian rupee and this augurs well for this little domestic crude producer. Oak Tree Capital & ICE Canyon Capital has taken over this company and since then company performance has changed phenomenally. A merger is on the cards with the parent Antelopus Energy, the arm...

Rocky_Chow Updated 

Nov 12th is the date for appeal hearing..no wonder the chart is also resolving to break out by the same time.. the target is 575 my stop loss will be the price closing below the triangle body or if price fails to breakout by 13.11.2024, whichever happens earlier

Rocky_Chow

The blue trendline seems to be influencing the log chart in the longer term... It supported the price from 2014 to 2020 and the law of polarity came into effect once it broke in Jan of 2023 turning into resistance by Dec of the same year... Then there is the matter of the black trendline which has held court of resistance since 2021 having nixed 2 previous...

Rocky_Chow

Reasons to consider investment 1. Promoter group is going to subscribe to warrants that will take its shareholding up from 27% to 41% 2. Company is set to receive 5000 crores INR from a decade long legal battle with Longshen/Senda over its minority shareholding in Dystar. 3. Company is going to enter into an unrelated sector of copper rod mfg and fertilizer...

Rocky_Chow Updated 

COuld be a triangle in the making.. breakout max time and target max time in the chart with target in green.. if price closes below triangle body then its time to get out

Rocky_Chow

A lot of accumulation below the 0.618 fib level for many days,volatility contraction and what have you not and soon enough it broke the crucial level to hit the next wall of resistance of 0.786 fib level at 167... therefore, A close abve 167 would be a moral booster for it to reach 186 or previous ATH... Cup Breakout level is 163 which had happened but now stock...

Rocky_Chow

Its been a journey of parallel channels for Natco Pharma share price and one believes that it will continue to tread within the broad confines of the longer term monthly channel Price has now found the resistance area of the channel which started from the lows of the covid (in blue). However, with the earnings on lenalidomide still some 15-18 months away from...

Rocky_Chow Updated 

February 2024 is the month of volatility and true to form even technical resistance lines are hovering above .. the final decision of the usfda over the kothur plant inspection will be out and the q3 expected blip in the results due to the accounting policy of the booking sales and profit share of gRevlimid drug .. Meanwhile the API plant in Manali, Chennai...

Rocky_Chow Updated 

Nava is one of the strongest stocks in the market...Company is having a profitable turnaroud in its Zambia operations wherein the govt. entity ZESCO, has begun honouring an arbitration award won by Nava and the power tariff issue has also been settled.. further, as per screener this has less than 50,000 shareholders which I think is pretty low for a 7500 crore...

Rocky_Chow Updated 

Explaining the current impasse in fibonacci terms: > In the previous upmove 0.618 was the resistance from which share price retreated despite blockbuster earnings coinciding with a slew of negative news.. > After finally exploding through 0.618 level, the next logical resistance level of 0.786 is the new barrier.... Once it overcomes this resistance it may...

Rocky_Chow Updated 

While the market is rife with speculation of specific stocks and sectors getting a boost due to possible budget discretionary impact I continue to focus on Natco Pharmas steady rise in price as it begins to start the catch up with its stellar business performance... One can see the bollinger band reducing now and the share price coiling up within a triangle like...

Rocky_Chow Updated 

Q1 results on saturday... share price stuck in a triangle with 424 ish offering resistance... if the performance pleases the market then it may go on to 518 which is the target of the triangle and thereafter proceeding towards the resistance area of the parallel channel within which the stock is travelling... ofcourse, stop loss is if and when the share price...

Rocky_Chow

SMC Global is a small cap broking firm also having an nbfc.. it has shown good growth in the past few quarters but has undergone good correction in the past few weeks due to the overhang of SEBI norms on discount broking as well as the rumors on curbs on F&O trading. Q1 results are on 30th July. NCD offer is closing on 1st August. 0.89x subscribed so far. they...

Rocky_Chow

Trade Targets for Financial Year 2024 - 2025 1. Rs. 1,354/- being Inverse Head & Shoulder target. Breakout and retest done, trade idea is active. 2. Rs. 1,678/- being the parallel channel breakout target. Idea will be active on stock price closing above ATH. Stop loss will be close below 928. Disclaimer: I am fully invested in this one and cautiously...