Rocky_Chow

Rocky_Chow Updated 

Target 1850 Stoploss 1598 Cup formation.. reversed sharply from support area Personally dont like to do swing trades in F&O stocks but since I am at my nearest pvr multiplex every other weekend, here is me betting on the lipstick economy taking front and centre

Rocky_Chow

1. Management has been able to turn around things and the Q1 results have been encouraging with YoY growth of 30% on topline and 42% on EBITDA. (PAT growth lower due to higher tax and deferred tax) 2. Guidance has been given for 25 % topline growth. 3. Company has already contracted for maximum 45MT quantity to China (above which ADD gets invoked as per...

Rocky_Chow

Investors have brushed aside any positives of the result declared last weekend..there is high amount of pessimism in this counter due to the following reasons: 1. The overhang of the pollution case in Andhra Pradesh High Court. 2. In January 2023 a fire engulfed one of its manufacturing units in Chittoor. Altough insurance covers the loss, but this opens a...

Rocky_Chow Updated 

price closed below the parallel channel and is looking to come back... keeping 783 as stop loss one can look for target near to 1000, the red lines are areas of possible resistance on route to its target.. most important is that price remains in the channel

Rocky_Chow Updated 

I can see a downward wedge that has broken out giving us a target of 203.. AN INHS in formation can also be seen giving a target of 205...keeping a stoploss of 174 on closing basis I can approach this small trade.. company usually declares results at the fag end of the earning season so my timeline wold be near about that... Q4 concall helps in getting a fair idea...

Rocky_Chow

Looks like a turnaround stock...INHS formation will confirm breakout above 95.. keep tracking.. target 168.. posted positive financing margins of + 4% this quarter which indicates green shoots of improving fundamentals... enter early at your own peril

Rocky_Chow Updated 

1st Target 1700..parallel channel breakout 2nd Target 1813...triangle breakout (vcp maybe as well?) Stop Loss 1360 ... price closing below previous high Triggers: 1. Share split from 10FV to 1FV leading to better liquidity of company shares. 2. Full impact of commissioning of Hydropower project Sikkim from Q1. 3. Successful Bidder of SKS Thermal Power Chattisgarh...

Rocky_Chow Updated 

Investors are wary of Natco Pharma as it has failed to perform in earlier years when it was tipped to be the one. However, the fundamentals are painting a different picture, with a sublime Q4 performance, USFDA approval of its Vizag unit, drug launch approvals in US, subsidiaries in Canada and Mexico doing well, the seguey into agrochemicals...

Rocky_Chow Updated 

Setting up nicely intime for earnings week...target of 1300 in sight but has to leapfrofg 2 obstacles, an unfilled gap between 1270-1290 (which it may or may not fill up) and a possible resistance at 1215 ... was trading in a range and has since come out of the range so target is considered as the range width...price entering back nto the range is stoploss for the trade

Rocky_Chow Updated 

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 

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 

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 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 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