Rocky_Chow

Rocky_Chow Updated 

A 210 crore market cap company manufacturing LED lights. It has MIT and a domestic fund holding 10% of its equity and 67% is owned by the promoters. It announced a small order win from amazon basics in march. An agreement has also been signed with a taiwanese bldc motor manufacturer thereby stating its foray into bldc fans/drivers. It announced a preferential...

Rocky_Chow Updated 

Looking to go long around 75-80 with SL on close below 65 for big targets as indicated in the chart

Rocky_Chow

GLS took its time to give us a double bottom breakout and went on to hit 535 which was th target...on the way it broke the resistance at 480 levels with a breakaway gap, if you may, and thereafter consolidated upon hitting 535 being the double bottom target... few days back when it was trading at 520 levels news broke out of multiple bidders for buying the...

Rocky_Chow Updated 

The closure of china market due to covid lockdowns has hampered its export sales in FY 22-23... One is expecting trend reversal backed by encouraging Q4 results... promoter purchased shares from open market in march quarter... with china ports having opened from Nov22 it is estimated that export shipments to the china market (which the company is heavily dependent...

Rocky_Chow

Caution: I am highly biased on this one as I have been trading it on and off. However, new sightings deserve new mentions although targets may remain more or less the same. Weekly/Monthly resistance line getting primmed for breakout.. todays candle was a bit of a killjoy but if it still closes above the resistance line then we can expect positive movement to...

Rocky_Chow Updated 

Weekly close above 454 can confirm double bottom ... price broken out of 30WSMA... rumors about parent company wanting to sell majority stake doing the rounds...results on 27th april 2023.. if BO takes place target is 530+ Keep a close watch

Rocky_Chow

Company is controlled by Mr. Abhishek Singhania, originally from the undivided JK group who has invested Rs. 54 crores in the past 3 FYs by way of preferential warrants converted to equity shares (average of Rs. 25/- per share)... Over and above that, through sale and income from investments/properties, it had generated 25+crores in the past 3 years... Current...

Rocky_Chow

Something about the business performance of Ujjivan SFB keeps getting me to be optimistic about it... however the market is wary of its largely unsecured lending book but the NIMs, capital adequacy ratios, investments in book etc. seems to me that it is in a strong spot currently.. In about a fortnight it will release its Q4 business highlights.. looking at the...

Rocky_Chow Updated 

If this is an ascending triangle in formation, the target apears to be 711 with a stop loss of 332..max time to break out would be the week of 23 Jan 2023 with maximum time to reach target being week of 5 Jun 2023

Rocky_Chow Updated 

A cup and hande breakout giving target of 463, an inverse head & shoulder break out giving target of 528..stop loss 313

Rocky_Chow Updated 

TIIL has five main business verticals being Drum Closures, Scaffolding systems, Cotton Yarn, Fabric, Garments and Tower Division... it has announced a buy back of Rs. 150 crores representating 6.13% of the paid up equity share capital for eligibile investors being shareowners as on december 30, 2022 in the register of the company...the scrip is thinly traded with...

Rocky_Chow

Ujjivan, triangle break out target of 380, expecting breakout next week with target to be achieved by mid april with stop loss if price closes below the traingle body

Rocky_Chow

stock may be finding support at the 50dma and the lower end of the parallel channel so having positive bias one may ride the existing uptrend so far...unless ofcourse it turns out to be a bearish flag! an stoploss exit should be on daily close below todays morning low... better to be whipsawed than fall off a cliff

Rocky_Chow

Technically on the charts, a saucer pattern is anticipated with final target of 210 and resistance lines marked in gray and stop loss of 142 (for early entry risk takers only).

Rocky_Chow Updated 

FInolex Cables can be accumulated closer to 350 levels for a contrarian bet. Refer chart

Rocky_Chow Updated 

After a breakout of INHS in April of 2021 stock is now trading in a parallel channel and is knocking at the 40 week SMA line ... the morning star pattern at the support area of the channel may be a trigger for a bigger upmove... stoploss being close below the channel...resistance at 145... T1 163, T2 201 T3 275 The catalyst being the February 13 High Court date in...

Rocky_Chow

Good to go long as long as its above the trendline.. price has broken out with a gap from a downward sloping wedge.. target of 16.80.. stoploss when price closes below the trendline very risky, be aware

Rocky_Chow

Stoploss 115 Target 164 Investors are pinning their hopes on the payment of abitration proceeds by Delhi Metro to Reliance Infra...next date of case in Supreme Court is Feb 13, 2023... very risky, be aware