TechnoFunda_Investor

TechnoFunda_Investor Updated 

BSE has corrected from high of 2373.70 down to 1805. Key Retracement Data: 1. Retracement from 1425.55 to 2373.7 (29/11 to 15/12 dates in 2021) - Price went down to almost touch 61.8 levels and then on consolidating in a healthy way - 38.2% retracement is about to get breached at 2011.5 2. Correction phase Retracement from 2373.7 to 1805 (15/12 to 20/12) - Price...

TechnoFunda_Investor

Metropolis is a sophisticated and well spread brand in itself. It has corrected almost 45% from its high of 3500+. It is trading near its life time support trend line that is coming at around 1700. Stock was trading at 1800 levels today and it maintained its level at that price. However, with strong selling pressure in overall market, Metropolis may also take hit...

TechnoFunda_Investor

Graphite India is among top 5 Graphite manufacturers globally. It enjoys good easy demand and that it is expected to continue enjoying the same. With climate control steps being increasingly taken by manufacturing countries, use of Graphite is expected to grow consistently, as graphite oriented metal processing creates far less hazardous gases. Technicals: On...

TechnoFunda_Investor

Jublin Greavea is a demerged company of Jubilant Life sciences, is one of the well managed chemical manufactruing business. Key Fundamentals: 1. Business products are diversified 2. Manfacturing plants are located in 3 different States of Inda, so manufacturing does not get affected in case of any emergency in specific State 3. Sales demography is also well...

TechnoFunda_Investor Updated 

Carbor Univ has already completed extended M Pattern and now recovering from the same. 1. RSI is improving continuously 2. MACD also strengthening 3. Price are at a technical short term breakout 4. Fundamentally, giving growing results and also, CarborUniv GMBH acquired two german abrasives companies which has long record of quality business management and strong...

TechnoFunda_Investor Updated 

Balaji Amines is backed by a strong management team which aspires to be the largest manufacturer of every chemical they produce. With the aim, currently it is undergoing continuous capex and that is why see lower profit margins. However, with an increasing capacity, profits are still growing almost every quarter (though with lower margin!). Notably, this time...

TechnoFunda_Investor Updated 

Divis Labs corrected corrected fairly after almost a continuous rally of about 40% in say 6 months. After making a peak at 5389, it corrected nearly 30%. Now, it seems to have consolidated well and is in good shape to resume its bull run going further. Points working in favor: 1. Fundamentals are improving pretty good 2. Double Bottom with positive RSI...

TechnoFunda_Investor

Hikal Ltd., has a well diversified business portfolio and, is growing its revenue Y-O-Y since long period (excepting 2020 & 2021). Also, it is expected to post all time high revenue during FY 22. OPM is also maintained at around 19-21% consistently over the years. Technical Indicators: 1. Negative Retracement Points: It has already corrected down to 61.8% of its...

TechnoFunda_Investor

Nifty (17833 in cash, when started writing) has gone through a corrective downtrend and it has multiple triggers to mention the stability or reversal(upmove)from here. 1. Retracement from recent bottom of 16410 to recent high of 18350 on 18/01/2021 - 23.6% retracement is completed and nifty is reversing from there on 2. Positive RSI divergence on 5, 15 and 30...

TechnoFunda_Investor Updated 

This is 4th attempt to cross this range of price. RSI is also improving and volumes are also picking up. This could be a breakout after September 2020. Resistances: 2648, 2710, 2825

TechnoFunda_Investor

Advenzymes has taken a dip of about 40% from its all time high of 503.70 on 19/05/2021. However, fundamentals have not fallen to the comparable intensity. Positive Triggers: 1. Positive RSI Divergence: 2 times positive RSI divergence within short period of time 2. Prices moving up after a healthy consolidation within same range for longer time 3. W Pattern is in...

TechnoFunda_Investor

AegisChem has already gone through a healthy consolidation phase, and now, trajecting in a northward journey. 1. Positive RSI Divergences: It gave two positive RSI divergences 2. W Pattern: It seems to be making W Pattern. It is moving towards its trough area. Once, the trough is cleared, it will move upside with further more strength 3. Price Volume...

TechnoFunda_Investor

Shemaroo corrected long way from 169.3 on 23/09 to 116.60 on 20/12. Since then, it is creating a healthy consolidation. Positive Indicators: 1. Trend Breakout: Breakout from a negative trend 2. Positive RSI divergence 3. RSI Crossover with price breaking out of negative trend After clearing out of 131, next strong resistances are around 135-140. Then on, it has...

TechnoFunda_Investor

SMS Pharmaceuticals underwent long downtrend from 198.8 on 05/08 to 116 on 20/12. This trend seems to have gotten over with Higher High and Higher Low pattern since 20/12. Pattern: 1. Higher High Lower Low on Daily basis from 20/12 2. Cup and Handle Pattern beginning from from 04/11/21 Technicals: 1. Positive RSI Divergence 2. RSI Cross over on daily basis 3....

TechnoFunda_Investor

Colpal was correcting from 1823 on 26/07 down to 1393 on 20/12. After consolidating for about a month, it is showing increased interest. Positive RSI Divergence: Positive RSI divergence observed since 20/12 44 DMA Breakout: Today's candle opened above 44 DMA and morning hours observed good volumes till now Double Bottom: It seems it created double bottom today...

TechnoFunda_Investor

Sanofi was correcting from 11/08 from 9275 and it went down to the level of 7435 on 20/12. Since then, it is consolidating in a healthy way. It now seems to be a reversal candidate and uptrend may start soon and strongly. Chart Pattern: 1. Double Bottom - It created double bottom with second bottom above the initial - It created double bottom with positive RSI...

TechnoFunda_Investor

After falling down snce IPO, Sigachi has corrected hugely and from last few days it is showing healthy correction. Yesterday, it created an inverted hammer with high volumes and today it gave a following green candle with higher volume than yesterday. It is a clear buy signal from inverted hammer pattern. Also, RSI gave a huge breakout, which indicates strong...

TechnoFunda_Investor

Technical View: 1. Very Quality stock, and it has broken out from negative trendline with long green body candle and high volume. 2. RSI Crossover on daily basis Fundamental View: 1. First Indian company to be granted the license to manufacture Insecticide Diron, similar to Japan (Data from screener) 2. Operating profit margin tripled from 2% in FY2020 to 6% in...