Rocky_Chow

Rocky_Chow Updated 

Until the LIC of India finishes selling to the FIIs and all others we continue to see muted performance... Technically it looks set for fireworks for some time now, all ready for the 4 digits club which is the target (1001) of the saucer breakout, RSI also poised well.... the Fibonacci target level to look out for is 1280+ which comes into play after takes out...

Rocky_Chow Updated 

T1 - 136, T2 - 142, T3 - 150 SL close below 117 Pattern seen - Ascending Triangle Needs to bounce up from this level for ideal entry, daredevils can always accumulate keeping stoploss in mind Maximum Time to reach T3 is 01-11-2022 Rice stocks are doing well in general

Rocky_Chow

Good times for Small Banks ahead! With the interest cycle turning in their favor, they could be making super profits going ahead... technically USFB is in a downward sloping channel and is fighting its way up breaking above a flag and pole with the first target coming to Rs. 29.60/- support available at 23.80 to add more if it comes there with stoploss at close...

Rocky_Chow Updated 

A turnaround quarterly result has come at a time that the 50DEMA is about to overcome the 200DEMA with an INHS price breakout coinciding with the results announcement... It can do well in the days to come.. as the price has moved much higher than BO level one can keep SL of 164 and go long here for target of 215 ... there also remains a merger arbitrage in favor...

Rocky_Chow

Stock broke upwards from an Inverse Head & Shoulder pattern whose target is around 3868. One can also visualize a larger cup and holder pattern, that target comes to 4175.. Stoploss is 3150 but as one is joining the setup midway a higher SL of 3280 can be considered as well

Rocky_Chow Updated 

Since the October of 2017 when the share price of Federal Bank reached 127+ we are yet to see the heady days of all time highs here... the share price had found the 0.786 fib level a difficulty to cross in two previous occasions.... once again, during midweek it has launched an offensive and is trading above the 108 share price (rounding off from 107.90) The view...

Rocky_Chow

Saw it a bit late but the setup looks good...keeping 290 as stop loss on weekly scale one can look for target around 375..its a cup and handle that has broken out

Rocky_Chow Updated 

a short duration trade set up...an ascending triangle BO in 15 min charts...target of 117.75 keeping SL of 112.15 on CB...time to reach target is by tomorrow 10 am

Rocky_Chow

There is a gap waiting to be filled...a saucer pattern breakout today in the daily charts giving a target of 350 plus...also a smaller time frame symmetrical triangle breakout giving a target of 303... good things beginning to happen for the hospitality sector in general with the countrymen preferring domestic holidays over international destinations due to...

Rocky_Chow

While the gains of yesterday is currently being digested by the late entrants to this stock, this present upmove has legs to go up to 327-330 which is the target price for the cup and handle formation/INHS/Ascending Triangle break out... If I am taking this trade now, my stop loss will be 290 level

Rocky_Chow Updated 

Price has been going up and down in a box like area for more than a year and has just broken out for the second time ..this needs to sustain first, maybe we shall see some consolidation and then it has to breach 110 where it would have crossed its ATH post which the fib levels come to play. The 1.272 fib level is Rs. 136.4 and 1.618 fib level is Rs. 169.95...The...

Rocky_Chow Updated 

SOTL chart has broken out of a symmetrical triangle last week and an INHS pattern BO can also be observed. Tomorrow they are announcing Q1 earnings as well and this is a thinly traded stock so if taking position, be aware of these two points. From the triangle pattern a target of 1442 can be projected to be achieved by 5th September 2022 and the INHS BO gives a...

Rocky_Chow

Coming into the best quarter of the year, if June was a precursor we may see it doing operating profits of Rs. 1100 crores plus in the September Quarter, that being said, its in the middle of a post cup & handle/ saucer pattern uptrend the target of which is coming to around 1200...I shall keep a stop loss of Rs. 955 and be an early occupant to witness the bumper...

Rocky_Chow Updated 

Now that the short term gains are being digested by the fastest finger first brigade, we are on to analyzing what next...so it seems quite elementary that if it closes above 232 for the month of August 2022 then we are looking at a target of 350+ on this one...this thesis can only hold good until 232 is not breached on the downside. The 354 target has been derived...

Rocky_Chow

Dixon Tech is on the verge of crossing the 30 week SMA line. A breakout from the ascending triangle is also coinciding with this which can only be confirmed this friday but sometimes one is enticed to take early entry in anticipation as this reduces the stoploss amount. However, this is not what the masters of technical analysis say in their books so one must...

Rocky_Chow Updated 

Coal India has broken out on the weekly charts..one can make an entry at current price with stop loss at close below 200. A target of 239 is projected which may be accomplished by 22nd August, this being a symmetrical triangle breakout... One can also get the benefit of dividend declared as well...!

Rocky_Chow Updated 

One can see cup and handle... one can observe good consistent results over 2 quarters... one may see vcp... whatever it is, a most undervalued share if ever there was one is 10-12 rupees from its ATH..the depth of the cup gives a target of 278...will keep a stop loss of 209

Rocky_Chow

This one has a habit of making saucers and heading up...If I had to trade this one I'd keep a stop loss of 1799 and aim for a target of 2325