Sahilkarangia

Sahilkarangia

This is my view on MARKSANS; CMP 69.85 | T1: 98 (~40%) | T2: 108 (~55%) The rationale for the going long: - Stock moves up with high volumes and pullback occur with lower volumes. - Base formation (consolidation) at 66-69 Levels - RSI Bullish Divergence. - Highest revenue and net profits in FY 2021 & TTM QE June 2021 (in past 10years). - Low PE of ~11 compared to...

Sahilkarangia

This is my view on UNIONBK; CMP 44.4 | T1: 60 (~36%) | T2: 70 (~57%) | T3: 86 (~93%) The rationale for the going long: - Substantial increase in the volume compared to past 5years. - Increase in price with volume expansion - RSI Bullish Divergence - RSI breakout above RSI 60 level - Cup & Handle Pattern formation - Highest revenue and net profits in FY 2021 &...

Sahilkarangia

IDBI has retested the breakout level of INR 45. The rationale for buy - Volume expansion @ breakout, Pullback with fall in volume. - Pattern: Reverse Head and Shoulder - The bank has made an annual net profit for the first time in FY2020 since FY2016. The stock is expected to rally to the 60-63 level. This is my opinion and not a recommendation. This is only...

Sahilkarangia

The Stock has successfully completed a pullback. Now, it is expected to retest its recent high of INR 6.8 in short term. The rationale for buy - Price expansion accompanied by Volume expansion - RSI bullish divergence - Substantial reduction in debt leading to significant improvement in the capital profile (debt to equity ratio is now below 1). The cash flow from...

Sahilkarangia

This is my view on NMDC. T1: 195, T2: 213 The rationale for the going long at CMP of 145-146. - Higher volumes - RSI Bullish Divergence - Multi-year breakout level has been retested - RSI taking support at RSI 40 level - Highest revenue and net profits in FY 2021 Readers, please note this is meant for educational purposes only.