Rocky_Chow

Rocky_Chow Updated 

Triangle breakout in NMDC during first hourly candle today..so many brokers giving buy calls in this one, I wonder if it is to stick it to retail, anyhow, chart shows that by end of trading day on 14 March, 2022, this could reach a target of 164...Stop loss is when price re-enters the triangle body and closes there in the hourly charts... stock will face...

Rocky_Chow

HCL Tech has just crossed a small resistance, as long as it doesnt breach 1190 on the downside, one may go long for 1278 and 1290 as targets

Rocky_Chow Updated 

This continues to be one of te strongest stocks in the market in these times...it achieved the previous target of 600 easily and has given a bullish close on friday evening, the weekly candle looks good too.... stock cant be bullish forever, however, based on the pattern I am seeing, another cup/ formed and it went up then came down till the previous swing high...

Rocky_Chow Updated 

Cosmo Films maybe on beginning of a wave 5 and it has also broken out of a downward wedge right on the 30 day SMA..plus parallel channel re-entry...look for targets around 1890..tight stop loss of 1670 keeping in mind Fed hike, warmongering etc.

Rocky_Chow Updated 

Stock had given an ascending triangle breakout after which it retested its previous reistance zone of 518...target appears to be 600 with stop loss on closing basis of 515...max time to reach target is 11 april 2022

Rocky_Chow Updated 

Hourly charts of Gujalkali presents a compelling proposition to go long for a target of T1 860 and T2 870.. one can see an ascending channel breakout and retest & a cup and handle breakout as well...there is important resistance at 820 and 845 being previous levels from where the price reversed in the past. Need to keep stop loss of 758..one can also analyze the...

Rocky_Chow

With such fantastic results behind it, GNFC opened with a gap up and the gap is sustaining today in a massive down market.. above 548 targets are open, 500 should be kept as a SL although the sterner ones can keep holding till it remains in the channel, Targets being 605, 670 and 825..Stock is travelling on an upward channel and has broken out of downward sloping...

Rocky_Chow Updated 

Price has broken out of the ascending channel making the width of the channel its next target.. the stop loss level would be 557 on closing basis. Weekly closing above the channel would add more conviction....topline is jumpling leaps and bounds which shows growing demand for its products

Rocky_Chow Updated 

Nitin Spinners underwent a big capex (for its size) in 2018 -20 after doing a QIP and prefential issue of equity shares at 110-120 a piece in November 2017... Its yet to be rerated fully and can give incremental gains going forward.. Buy with a SL of 185 for target of 400 and more..patience is the key in this one... Earnings have increased exponentially in line...

Rocky_Chow Updated 

DISH TV is a risky bet where there is impending news of a management change enforced by Yes Bank which invoked the shares pledged by the promoters.... stock is moving in a rising channel and has come out of a rounding bottom.. stop loss is Rs. 16/- on closing basis with target of Rs. 28.50/- Use own judgement for allocating capital.

Rocky_Chow Updated 

GUFIC is doing box jumps.. the width of the box is around Rs. 60/- therefore that becomes the target from the break out level of 233..one can go long with target of 290 keeping stop loss of 232

Rocky_Chow Updated 

Stock has cleared the first messy resistance set at 315-322 levels and faces another resistance at 345 T1... from thereon we can 405 and 455 opens as possible targets after which it opens for bigger target of 670 in the medium - longer term once it breaks out of its listing high of 488. Close below 315 can be kept as stop loss level. New IPO launched last year...

Rocky_Chow Updated 

FCL has strongly broken out of the 146 resisstance on the third attempt and closed above 150 which augurs well for the stock...one can view it as a cup and handle pattern.. target based on the depth of the cup comes to 188 with close below 145 be kept as stop loss

Rocky_Chow Updated 

The stock has not seen its glory days since July of last year and has tested and broken its highs only to dissapoint..however, chart wise it looks to be poised to do something, preferably on the upside, if it manages to trade above 1635 for a couple of days then we can see target of 2050 plus in the coming weeks, I would keep 1575 as my stop loss, it will need a...

Rocky_Chow

Well, it tried to break through the gates of 1700 twice, then decided to come a long way back and has once again sprinted upwards from 1300, smashing through only to be told by the horrid evening star that its a couple of days early... neverthe less, Cosmo is well poised to leave its orbit now and the launch may just be third time lucky..keep an eye on this one,...

Rocky_Chow Updated 

Aurionpro looks like its trying to make a break for it...367.50 is the breakout level to watch out for an immediate target of 405 with stoploss at 355

Rocky_Chow Updated 

Initally the stock formed a rising wedge first whose target was 1128...now its on a falling wedge structure that is bullish, if todays reversal remains good till closing, one can consider going long with final target at 1680 with inital resistance coming around 1520..one can consider stop loss as the breakdown of the falling wedge, i.e., price closing below the...

Rocky_Chow Updated 

JP Power is open for target of 10.35 as long as the level of 6 is not breached.. one can employ a strategy to buy in dips in this one as it is also retreating after breaching a multi month resistance line (orange descending trendline) Care should be taken as this is a most volatile counter.. with the financial institutions converting their loans into equity this...