Rocky_Chow

Rocky_Chow

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 

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

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...

Rocky_Chow Updated 

The problem with stocks that have large potential runways is that you never know when to begin riding it to milk the maximum profits of the trade.. for Natco to deliver in 2024 it has three problems and by early February of 2024 we should get past all of them... the API plant in Manali, Chennai should be able to restart operations, the final USFDA conclusion on...

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

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 

With results looming on 9th of August, early entry traders have been busy booking profits around 850 which was also a technical target of an earlier parallel channel breakout... the round base from 772-500-772 gives a target around 1040.. there is support at 800 and 772 ...

Rocky_Chow Updated 

The journey inside the parallel channel continues.. A breakout above 342 may open target for 415..stock is at important support level right now where fresh upmove has been denied since beginning of the year.. A stop loss of 319 on wcb is warranted if traders are taking position in anticipation of bullish bias

Rocky_Chow Updated 

As per the management company is holding 1500 crores in liquid assets wit over 800 crores in bank balances..underowned by Institutions, promoter holding +70% and small retail holders make up 13% or little more than 99 lakh shares as per June SHP. On paper company is in the pinkest of financal health with expansion in the Caplin Steriles division set to come on...

Rocky_Chow Updated 

PayTM chart shows a cup and handle pattern... An INHS formation is also underway... T1 1255 T2 1350 My stop loss will be 825... Company publishes monthly volume data, sometime later this week for August month, which may provide some direction on the chart... overall its weakness personified since Antfin reduced its stake, which is ironical as this was most...

Rocky_Chow Updated 

stock is consolidating after the market has made peace with the twin blows of foreign promoter cashing out, state government machinery attempting to shut its factories for environmental considerations and a tubular battery plant completely getting gutted in a fire... twice in the recent past, when it closed above the downward sloping pink resistance lines it made...

Rocky_Chow Updated 

HDFC Bank Long targets (may happen if Q3 results are favourable) Parallel channel breakout target 1721.40 All time high retest target 1757.50 Cup and Saucer Pattern Target 1879.75 All above on play if it breaks out of the downward sloping channel

Rocky_Chow Updated 

Not thinking ahead makes one prone to errors of judgement... cricket world cup and the actors strike in hollywood notwithstanding, we have salman and ranbir to shake things up from mid november.... not sure how many takers would be for the 699 plan as it has a lot of ifs and buts.. but well tried to the company management.. As long as good content gets generated...

Rocky_Chow Updated 

When things arent going your way, bend the chart and make the technicals prove your thesis! The monthly chart of Natco shows that its been travelling more or less within a parallel channel and is yet to complete an Impulse wave which began in 2002 and is most likely in the start of wave 5 (specifically completing wave 1 and undergoing corrective wave 2 of bigger...

Rocky_Chow Updated 

Just when the profits of years of perseverance have begun rolling into the bank for Natco Pharma, the minority investors are in a spot of bother due to twin negative news of legal action in US pertaining to gRevlimid and the USFDA Form 483 with 8 observations during the Kothur plant inspection earlier in the month. The legal action is of lesser concern as the...

Rocky_Chow

A growth oriented company having coal & iron ore mines and ferro alloys mfg. plant focused on value added products like sponge iron, steel billets, wire rod and h.b. wire and thermal & hydro power generation plants.. Increasing its mining capacities in both coal and iron ore Increasing its wire rod & hb wire capacities Increasing its power generation...

Rocky_Chow

Open for bookings at 1771.50 Will be declared blockbuster at 2206 Interval at 1975, the movie may lose the plot from hereon.. Below 1730, will be a flop

Rocky_Chow Updated 

Price is travelling within a parallel channel, has made a cup afterwhich it has been consolidating around the breakout line for 4-5 weeks owing to price memory from prior years.. a clean breakout will ope target of 78-80 and there is a gap waiting to filled in that zone...stop loss 58.50 on wcb