Entry: above 405 ie CMP SL - 355 TRGT1 - 800 TRGT2 - 1290.9 DURATION - 2 Years All numbers are weekly based Bussiness model : Company produces Caustic Soda Lye, same is used in manufacturing of pulp and paper, alumina, Soap and Detergent petroleum products, few chemical production, water treatment, textiles, metal processing, mining, glass making. Co was making...
Entry – CMP 1,330 ( can enter around 1280-1300 levels too to tighten the Stop loss) Stop loss -1215 Daily close (Tight Stop 1280) Target 1 – 1730 Target 2- 1950 Duration – 2-3 years Co has good Fundamentals and is available at beaten down prices Co is one of the largest tyre manufacturers and is one of the fastest growing tyre companies in India Co has debt to...
Condition: If Nifty is more than 60% away from its 91Days Moving average on monthly chart. We tend to see a correction of around 20-30% from Top. Explanation: As seen on Chart there are 7 scenarios (numbered on chart black 1-5 and Red-1 & -2 ) where Nifty’s Monthly High was more than 60% away from its monthly 91Days Moving average. Every time Nifty has an...
Fresh Monthly Breakout seen above 490 close Trgt 1 : 715 Trgt 2: 850 (Will recheck after 1st Target is achieved) Try and renter around 520-525 levels good chance of pullback Duration : 3-6 months SL - 470 weekly close Co is Fundamentally sound and available at attractive valuation when compared to its peers Disc. : Views Shared for Education Purpose...
Entry - CMP (72.6) breakout was 67.85 Target1: 86.1 Stop Loss: 63.7 (Daily Close). Will Update Trailing Stop loss whenever required. Duration: 1-2 months 2nd Time Sharing this Script since it went well last time and hoping it to go well this time too, since Script has shown Slightly Stronger Technical Pattern this time. (Rectangular Flag and Pole) Technical...
Entry - CMP (51.15) breakout was 47.3 Target1: 71.2 Stop Loss : 47.5 (Weekly Close). Deep SL 42.15 Will Update Trailing Stop loss whenever required. Duration : 1-2 months Technical trade Stock is showing Flag and Pole breakout with increased Volume. Fundamentally Script is trading around Fair Valuation but since we are in bull market we can expect over...
Entry – CMP 157 (breakout was 156.8) Stop loss -150.6 (Deep Stop 137) Target 1 – 205.1 Target 2- 290.25 Duration – 2-3 years Co produces electric engines for offices generators and ebikes (high demand for their products) Co is almost debt free Expect current financial year (Mar 2021) Co was making decent and consistent profits Co is trading at Par Valuation...
BHEL - broke and sustaining important weekly level of 57.15, Good volume also seen on daily chart Entry – CMP or around 60 (if Pull back happens) Stop loss – 50.35 (Trailing Stop 58.7 after Price gives a run up) Target 1 - 103.45 Target 2 - 195.7 Duration - 2-4years Small resistance around 59.6 (Crossed and Sustained) Strict Trailing Stop loss will be required...
Entry – CMP Target 1 – 629.35 Target 2 – 908.5 Stop Loss - 344 Duration – 2-3 year All numbers are weekly based On Daily Chart Stock is now retesting its breakout level. If Stock sustains breakout level of 386 then it’s expected achieve higher levels. Slight Volume build-up also seen from last 2 months. This need to improve going forward to achieve higher...
As seen in Chart DJI has given huge Gap Down in today’s session and it can head towards its weekly support of 33153. If Today’s Gap Down is not filled then we may break 33153 level and head towards 31496 or 30996. If these bearish views are successful then be careful in your long positions since it has been observed that US markets impact other markets globally...
"Reposted due to some house rule issue" Since Liquidity is High both Nifty and Global markets are trading at New Highs. Covid cases are decreasing and Vaccination Process is speeding up. Nifty on Weekly and Monthly Charts, we can see Bullish Flag and Pole pattern with 11557 and 13667 as Pole (2104 points) and 14729 as Breakout area of Flag. Hence Target for...
Himadri Speciality - Increased Volume on Daily Chart, crossed important huddle of 49.9 next huddle 54.5 Entry - above 54.5 (Can enter now to reduce Stop loss also but slightly risky) Stop loss- 41.5 (Trail Stop 49.9 after 54.5 is crossed and sustained) Trgt1 - 81 Trgt2 - 114 Duration - 1 year All numbers are weekly based Bussiness model : Co manufactures a wide...
Stock has history of moving in Flag and Pole Pattern. Pole and Flag has been created on weekly Chart, base of pole 101.3 and high of pole is 234, difference 133. Flag breakout area is around 195. ENTRY ABOVE: 195 So Target should be 195+133 i.e 328 Stop Loss: 168.8 (Weekly Close). Will Update Trailing Stop loss whenever required. Duration: 1-2 Years People who...
Coal India – Accumulation Phase almost completed, Ready for a Bull Run. Entry – CMP Stop loss – 137.1 Target 1 – 288.5 Target 2 - 441 Duration - 4-5 years Small resistance between 237.6 to 288.5 All numbers are *Weekly* based Fundamentally, all numbers are too good, no issues at all and Co is cheaply valued too with 8% as Dividend Yield. Technically,...
Technically Stock had crossed Bearish Trend line around 78 on monthly Chart after same we saw huge Upside within 2 months time frame. Next Trend line is around 108 if crossed more Upside can be seen. Else Stock can go Sideways to Bearish Buy above 108 only for Target of 141 Fundamentally Co has 44k Crs Debt vs 21k Crs Reserves. Annually they are paying 4.2k...
ENTRY: CMP (126.5) breakout was 121.2 Target1: 168 Target2: 234.4 Target1: 293.25 Stop Loss : 118.8 (Weekly Close). Deep SL 104.15 Will Update Trailing Stop loss whenever required. Duration : 4-5 Years Stock has broken Monthly Trend line which started from Sep 2014. Also last week close was above 121.2 which was Previous Support on Monthly chart same should have...
Entry – above 42.55 only (else Stock is in Sideways Trend) Stop loss – 33 (Trailing Stop 39.5 after Price gives a run up) Target 1 – 59.7 Target 2 – 85.4 Duration – 1-2years Fundamentally, No one knows how to value Public sector Banking Stock. And PNB had a Bad history with Nirav Modi Case. So No one knows Quality of Loan book. Technically, Good Accumulation is...
Entry – CMP ie 135 (Breakout was 134.9) Stop loss – 129 or 114 (Deep Stop) (135. 05 if Price Runs up above 152.5) Target 1 - 177 Target 2 – 194.2 Target 3 – 220.25 Duration - 3 - 5 years Co has well established network of Engine Oil and Good Brand Value Products in this segment. Fundamentals are decent with dividend yield of 2.2%. Co has been Debt Free for...