Rocky_Chow

Rocky_Chow Updated 

Intra day breakout needs to be confirmed by closing at 288 or above. The width of the triangle is 143 which makes the target around 429 and the max time to reach this would be around 7th September 2022... company has given stellar Q4 results as well... when trading in sugar stocks for a short term one needs to be vary of Government policies which are a big risk...

Rocky_Chow Updated 

Looks set to reach 1125 as price has broken out from a symmetrical triangle...stop loss if price falls inside the range of the triangle...maximum time to reach target is 8 August 2022

Rocky_Chow Updated 

Expect the Quarter 1 results to be exceptionally good on a year on year basis due to lower base...this one is always a play for the Q1 results... the share price has gone nowhere for the past 5 years....good results with a share buyback announcement could do wonders to the share price

Rocky_Chow Updated 

Price breaking above 30 WEMA with good volume as well ...triangle breakout has given a target of 288 by 29 August 2022 whereas the INHS breakout has given a larger target of 328..SL may be placed at 248 or a bit deeper at 235 if one is looking at INHS target...

Rocky_Chow Updated 

Banco Product has announced a whopping dividend of Rs. 20/- per share...hopefully thats not a typo as it is a payout of 140 crores from this companys coffers! the market cap of this company is 1200 crores only! It has had a history of giving higher dividend than its net profits but this one is the biggest yet.. company manufactures engine cooling and engine...

Rocky_Chow Updated 

Price is hovering near ATH...a cup and handle pattern can be seen Pattern target of 1862 wit stop loss below 1411 on closing basis

Rocky_Chow

A Falling Wedge then an attempt at forming a base... first target coming at 4315 post a base breakout before an attempt may be made to get back to its ATH level courtesy the falling wedge breakout...many resistances on the way, price losing above its 30 weekly EMA (third attempt) Stop loss may be kept at 3185 or weekly losing below 30WEMA as per individuals comfort zone

Rocky_Chow

With a stop loss of 734 one may seek target of 1025..resistance seen at 855 and 940-950.. earnings have grown in last FY and trend may continue this quarter as well...price is at support trend line so a tight SL is mandated.. fair warning - the stock is very thinly traded

Rocky_Chow

An INHS can be seen in the hourly charts....target comes to 433, stop loss at 365 on CB

Rocky_Chow Updated 

May look at Banco Products, formed a cup and handle pattern..target open is 201 with stop loss below the red line...my SL will be 169.30

Rocky_Chow Updated 

Elecon chart looks very strong, the price has broken out of an INHS continuation pattern opening a target of 272. Stop loss may be kept at 212 on closing basis...

Rocky_Chow

Swaraj Engines is attempting to attract investors with a 5% dividend yield on its present share price. It has always been a generous dividend giver. The share is yet to participate in the auto sector rally... with metal prices set to cool down, this may augur well for the margins of this engine and parts maker, in the mean time, shareholders can enjoy the hefty ...

Rocky_Chow

Can we see a reversal on cards from next week? the grey horizontal support is crucial as close below this means booking your loss... price is also resting on an ascending trendline support...therefore might rebound upto 1330 level where resistance comes... one can take position for the month of June but it will take just one aggressive move by russia or china to...

Rocky_Chow Updated 

To take a contra position (long) in zomato then 50 level needs to be respected and a reversal should come thereon.. price is travelling on a descending channel and has made two waterfalls, a third one could be coming as well.. if a reversal does occur then the above area of resistance at 75 could be the target. One needs to wait for a green candle close, before...

Rocky_Chow Updated 

Looks like a promising ascending triangle formation in the hourly charts, break out expected by end of today for target of 210 by 26th May 2022 closing.. stop loss if price closes below the triangle support line...in higher time frame as well stock is consolidating in a rectangle ... however, smaller targets first with smaller SL...market remains highly...

Rocky_Chow

1. Looks set for a first price target of 749 being the 1.618 fib level from last high (600 SL)... 2. Price target 2 is 915 which is the depth of the cup...Price has also been moving in an ascending channel... be alert if price falls out of the channel as it could go sideways (so one can make that a stop loss)... 3. one can also see the price movement in another...

Rocky_Chow

A flag in formation...target 320-325, being the resistance line of the parallel channel... stop loss is the point t which the formation gets negated, i.e., close below the flag rectangle

Rocky_Chow

The company looks reasonably valued when going through its fundamentals, some have labelled it as the 'Mini Divis'. However, we need to get rid of the nametags and judge the company on its own merit... it has a diversified products portfolio of APIs and exports over 70 percent of its finished goods with more than 50 percent share in Europe in the last quarter,...