UnknownUnicorn24887800

UnknownUnicorn24887800

This scrip is highly overvalued, and fair value is around 888 (personal view after deliberating fundamentals). Currently, Wyckoff distribution is playing out, and further downside is expected. Fundamentally, scrip is strong, but it is highly overvalued due to excess liquidity. With each interest rate hikes, the fair value, which is 55% of the highs of pre-covid...

UnknownUnicorn24887800

Fundamentals are strong. This is my 4th analysis within 2 month of this scrip, and it has been moving accordingly, accurate (Read other analysis for confirmation and information). The scrip has taken support from bottom line of the channel. Buy at CMP, technicals and fundamentals are strong at this point of time, both supportive. Target 1: 485 Target 2:...

UnknownUnicorn24887800 Updated 

Fundamentally, the scrip is strong, but the technical chart is weak. There is RSI divergence on the weekly chart, favoring downside moment. On weekly chart triple doji at the top, indication of bearishness. The rare diamond structure is found on daily chart, indicating bearishness. It's a good candidate for short from a technical perspective. Target on the...

UnknownUnicorn24887800 Updated 

I had shared fundamentals of this scrip in my earlier post. Now here in the above chart are the technical. You can call it a breakout of previous high (on daily time frame), rounding bottom breakout, W pattern breakout. There is still two factors to watch out for, channel breakout (daily closing above 515) + A little more strength on RSI. On weekly chart, MACD...

UnknownUnicorn24887800

Sail had given breakout from it's parallel channel few days back. Today it tested the support. This gives a long opportunity in this scrip, but wait there is this weekly resistance line too. In coming day's it will try to test the weekly resistance again, and if it breaks out, you know the rule. A good long opportunity will come after this weekly resistance line...

UnknownUnicorn24887800 Updated 

The ban on Russian and Belarusian commodities is producing shortages of commodities in world market. Belarus caters most of the fertilizer requirement of world, and this is in shortage now. Food shortage is expected in coming years. Place yourself in a scrip which is better placed in Indian context. Chambal Fertilisers is the one which is going to benefit the...

UnknownUnicorn24887800 Updated 

In a commodity supercycle you want to position yourself in a scrip which is better placed and has potential to give good returns. Looking at the companies fundamentals, it is improving it's asset quality. The debt to asset ratio has improved significantly in last year. I think by the end of this year it will have zero debt. It also has expansion plan, from 18MTA...

UnknownUnicorn24887800

The chart is self-explanatory. Keep it in your watch list. A decisive weekly closing above the flag can give good returns!

UnknownUnicorn24887800

This is a new nomenclature, a pattern by me. A Bird Pattern. Whenever you see a bird in the charts, its an indication that scrip is about to fly. Though there are other technical reasons for scrip to go up, but this looked nice to share with community. Expect 20-26% upside movement. Highly bullish.

UnknownUnicorn24887800

INFY has been trading in the range 1665-1755 for almost two months. It has given some move on the upside, although it hasn't crossed/closed above ATH. MACD crossover is at the inflexion point, meaning signal line is about to cross, may be tomorrow. Also, there are multiple reasons why this is a good long candidate. 4) It is trading at 15% discount from IT index,...

UnknownUnicorn24887800

Bandhan Bank Trading in a Falling Wedge Pattern. Since the inception of this scrip, it has traded/followed the falling wedge pattern. There isn't any incentive to go long until there is a decisive breakout out of this falling wedge pattern. Decisive breakout means breakout out of the channel on upper side (for long), and then another candle confirming breakout...

UnknownUnicorn24887800

Its an amazing sight to see patterns and mathematics following each other so beautifully. GMR Infra is following an ascending channel. I have marked two channels, one in dotted line format (inside channel), and the other one in simple line format. After March 2020 downfall, it has made a peak which is close to extended Fibonacci level 1.618. I have used two sets...

UnknownUnicorn24887800

The Story: There is a long term ascending channel that nifty has traded for almost 12 years. It broke the channel on down side in a very decisive way in 2020, and then got back again into the channel (fast and furious :-)) . Since then it followed another ascending channel (shown in the chart) which is quite sharp. In April 2021, it left this sharp channel ...

UnknownUnicorn24887800 Updated 

SBIN has been consolidating for past two months, and has formed a Cup and Handle pattern (take a look at the chart). Also it has been following a trendline, shown in the chart, currently trading near this trendline. Testing Fib level 1.618 of two distinct trends of past. Interestingly, the height of cup & handle pattern coincides with one of the Fib level (shown...

UnknownUnicorn24887800 Updated 

Reliance is moving in a cyclical pattern since it made ATH. What must be done? I'll answer few of the queries regarding this stock. From 2009 till 2017, this stock was flat, trading inside a horizontal channel (not visible in the chart). After 8 years, it made a move, and from 2017 till 2020 it followed an ascending channel (shown in the chart). In 2020, it...