Rocky_Chow

Rocky_Chow

In the coming week the price movement in a particular direction could lead to confirmation of further price action. A close below 427 will lead to 326 and a green weekly candle close would be a start to reversal upto 534 T1 and further break out from thereon will confirm double bottom and price may reach up to 638 being T2...the share is traded thinly and this...

Rocky_Chow

Triveni Engineering is at key levels. The price is resting at the 30 week MA and on an ascending channel support... while the week is not over yet, one can monitor till close to end of today and take position as per ones risk appetite... a close below the channel negates any long trade and that is stop loss level.

Rocky_Chow Updated 

Sarda Energy monthly chart shows us that as long as price is trading above the rising resistance red trendline it may continue to trend up. Twice before evening star candles were formed and prices corrected thereafter... this time price broke above this trendline and closed.. Fibonacci levels points to next target as 1522..price closing below the rising red...

Rocky_Chow Updated 

Monthly chart of DCM Shriram is painting a rosy picture...price is oscillating for months inside a price band of 855 to 1250...was poised to break out towards the end of April but has been hemmed in by the geo political news sentiment or news of fed tapering, take your pick.. all segments of the company be it sugar, fenesta, agri inputs and chlor alkali could be...

Rocky_Chow

The stock is at a polarity level where previously it found resistance and subsequently broke out, now it is back at this level...keeping stop loss at 140-142 one can attempt to go long if this week it closes positive

Rocky_Chow Updated 

More of a techno funda stock, good capex going on... management rewarding shareholders with handsome divided (yield is like 4% at this price), margin pressure in the results of this quarter is more than discounted in the price, EBITA has fallen from 31% to 28% Y on Y...the stock has stopped falling and consolidating as it should in the 450-500 levels...the ROCE...

Rocky_Chow Updated 

price has broken out of the resistance trendline and closed above it for the week... one can look for targets of 215 (being INHS width) and 240 with 250 being the final target here... price will get resistance between 188-195...a close below 164 on the weekly would negate this trade

Rocky_Chow Updated 

As long as the price is above the upward sloping green trendline one can enter the counter... resistance is at the 52 week high level of 267 above which ATH resistance is at 335 levels....looking at the depth of the cup, the final target comes to 350-360.... as an oil producer it is in a purple patch as far as margins is considered...moreover, its stake in the...

Rocky_Chow

Lots to look forward once 887 gets taken out...company is delivering good consistent results... target 1320 being 1.618 fib level

Rocky_Chow

Targets and stop loss given on chart...time to go long here

Rocky_Chow Updated 

Fair Warning - This is a high debt laden company of the Wilmar group... Technically, looks to be in the middle of formation of a triangle.... as long as the lower line of the tiangle is not breached, target of 48.5 may be seen...has stong resistance at 47.5 levels (profit can be booked here if at all it reaches this level), gaps to be filled... safe traders should...

Rocky_Chow Updated 

BEL is stuck in a trading range of 190 and 220, maybe in a box if you can imagine it...whichever side it breaks, has a potential to move 30 rupees quickly..so keep it on your watchlist, with all this war raging and nations on the edge, this company is in a sector that can see increased orders in the near term... stock price is presently trading above its previous...

Rocky_Chow Updated 

Cosmo is approaching its resistance at 1679, once through this barrier one can look for targets of 1889 (its previous high) and 2060, width of the cup..however, on watchlist now, will look to go long as soon as it breaks the resistance and use the same as stop loss

Rocky_Chow

Refer chart for techno funda investment idea as a contrarian bet.

Rocky_Chow

A smile developing in NMDC, is it time to aim for 200 here? A potential target of around 195-200 can be observed keeping a stop loss of 146 on closing basis, immidiate work is to close the gap first at 165.80

Rocky_Chow

After crashing through the abyss, finally the stock is coming out of its downfall with some semblance of stability, the price as come ou of a prior resistance of 490 levels...look for targets of about 550, being in the trade as long as price is above the upward sloping green trendline

Rocky_Chow Updated 

Jash appears to have sprung out of a short term consolidation, one may observe it as a continuation H&S with final target of 665, keep in ind resistance at previous high of 628... an aggresive stop loss may be placed at yesterdays high level of 510 as that would mean the gap closure and could lead to a thrust failure

Rocky_Chow

Look for 0.382, 0.50, 0.618 fib levels on the retracement with SL at 875