Rocky_Chow

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...

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 

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

Rocky_Chow

Stock is spending some time near resistance level while support is being tested.... Diamines is quite an Illiquid stock and a small cap as well..their products are termed as speciality chemicals..company guides average long term EBITDA to be 30% The company may have planned large scale capex being done through subsidary and associate co. However, I cannot...

Rocky_Chow

The amount of time GLS is spending consolidating between 600 and 660 leads me to believe that this is an important resistance zone and therefore I am preparing my interim chai cup here... If it breaks out upward of this zone, my final target would be 906 (638+268).. there are numerous resistances coming up at 675/725/799, each of would also be minor targets but...