-Head & Shoulder pattern
-High of $ 30 tested in Feb but could not conquer.
-Black trendline from last Oct could be the last saviour.
Though I doubt that because eGold is also showing signs of short term bearishness.
T A R G E T : $ 19 (Dec 2021)
It has been lacklustre since touching the high of $ 30 a year back. It traded in the 22-30 for a year.
With a decisive break of the 200DMA on Friday at $25.7, it would have given sleepless weekend nights to the Silver Bulls.
The GANN Fan lines and Speed resistance lines are also not signaling any smooth up-move in the near term.
June was a brutal month for Golf bugs. The Inflation news along with political developments stopped the rally of April -May, which resulted in Gold posting again of 14% in 2 months.
Trend is bullish for Gold, however 2-3% slide cannot be ruled out from 1810 levels. 200DMA resistance at 1825, is important to be monitored before any fresh long buying.
Rs 300,000 Cr Mcap
Both the non JIO players have returned -8% this year.
Interesting Wave like stock chart pattern.
With literally no pricing power and huge Capex every decade, wonder when will this industry make any decent profits.
Rs 520 seem to be holding the Fort, once that gives away...its will be a lost signal.
Global Company which has gone and changed at the appropriate times.
After a great run up since Jan 2017 when it was 500, it has given 4.5X in 5 years.
Looks like it will take time for a breather now, till the Goga factories start commercial production.
After nearly a year long rally (24 march 20 to 16 Feb 2021), Nifty is in a downtrend. It has tried to test the upper band of the channel four times since then.
The bottom trend-line however has repeatedly been knocked at. The Red Candlesticks are all over since feb (i.e., Market opens high and closes with more than a 1% drop). March second half was brutal.
Standalone profits for 9 months ending Dec 20 : Rs 33 crore, Macap 4400 cr
Consolidated no results for Dec and Mar quarters as yet......even on the company website.
Losses Galore !
Fundamentally looks like a basket case and more so because of the 2nd lockdown.
However technically looks liker a BUY !!
Great run up since the IPO in September 2016. However since then its trading in a band of 300 - 550.
The Chart indicators are weak. There's twizzer top pattern at the current levels. RSI is near the oversold region, so might stablise before crashing.
The profit run rate every quarter is flat at 300 crore i.e, Rs 1200 cr bottomline in a year. The market cap is...
NIIT, has been a dynamic stock, which has quadrupled over the last one year. But if one sees the Forest from the trees, its seems that its merely regained the highs reached back in 2008.
I feel that it will consolidate here. Very little chances of it crossing Rs 195 and going into new unchartered territory.
RSI is high, LT channel is not giving a great rosy...
Naukri had a great run from Rs 1600 in March. Its nearly 3.5X in less than a year. It seems an Inverse H&S is being formed. It should consolidate at the 4850 levels for a few days/weeks.
The Zomato story definitely has some link here. Coulds be that existing shareholders are selling to apply in the IPO. Nevertheless, it seem sit will consolidate at 4850 levels,...