VigneshIyer

VigneshIyer Updated 

Interesting setup developed over last few sessions in Can fin homes. Negative Divergence seen on chart for PRice and RSI and also mild divergence in Price and MACd . At 825 rs this is technically a short candidate, but results today so need to observe how it pans out

VigneshIyer Updated 

Volume is something that the stocks lacks as of now and if volume burst comes 320-350 can easily come

VigneshIyer Updated 

Stock looks good after 2nd session showing strong volume traction. Ideally sl is 100

VigneshIyer Updated 

Tracking this setup for sometime and no decisive break yet, hence never entered, Strong setup in a weak market. 10-12% CAGR growth every quarteR? interesting

VigneshIyer

Nifty at a critical point as of now, taking support and any close below the support levels as marked in the charts would invite 16300-16069 levels aided by beating of BNF considering the fear in broader market. Interesting setup. Bot this lower target would come on breaking of support because the gap has to be filled at those levels

VigneshIyer

Spandana Spoorthy posted decent Q3 and nbfc as a space has been bright spot. Credit growth , however seems to be hit by rising interest rate. But chart speaks differently always. Above 600 would be interesting . Upper channel would be a bigger challenge

VigneshIyer

Symphony posted a strong Q3 albeit a off season. with some innnovation in the works for the company and a heated summer ahead, we might see stock picking up pace before earnings are ananounced. Short term trendline BO is visible and in longer term charts a fresh impulse is in horizon. Whether the latter would happen only time will tell

VigneshIyer

Cera Sanitaryware had magnificent quarter 3 followed by super guidance. One of the cleanest breakouts happening here.

VigneshIyer

Gujarat Fluorochemical , one of my favourite stock to trade, seems to be have reversed the earlier down move. 0.786 of retracement.

VigneshIyer Updated 

Dont even need explanation. Classic bookish pattern for C&H. 2 possibilities are handle forms or stock breaks and retest. Target is 435-253+435.

VigneshIyer

The setup looks good with post channel breakout , the stock could give decent upside, Lines are marked, Volume is something which is missing and once volume kicks in 195-200 can be broken and sustained.

VigneshIyer

Most of the PSE have rallied but balmerlawrie poised for decent move in upcoming few sessions, sl at 119 looks decent . 140-150 cannot be ruled out

VigneshIyer

Strong numbers in Q2 followed by decent price action and closing on to a strong close as well. On a red friday this stock sees healthy movement. Above 500 this could reach higher levels

VigneshIyer Updated 

Solid technical setup and pharma seems to be on upside especially post Q2. Volume is really good but RSI is 71. so possibility of retesting breakout levels. Short term sl should be aroun 309. Positional players can hold with weekly closing basis 298 sl

VigneshIyer Updated 

NLC india has visited this level earlier but failed to close. levels are marked. monthly closing would be interesting and above ATH it would move fast. Q3+Q4 usually has increase in power requirement so numbers should be interesting as well. Disc : not invested and sl ideally should be 79

VigneshIyer

Would the pain end in this stock? company in recent earnings call guided for more business from custom solutions. Stock again back to breaking the trendline. Would it succeed remains to be seen. Margin of safety less hence strict sl is required. Upside huge if trendline break happens and closes above 450 in weekly charts

VigneshIyer Updated 

Broke out with decent volumes (ignore the single red candle of block deals ), see volumes in lower time frame and retested 388-390 levels and seen minor bounce back now. Share is a good hold with sl around 385 on Weekly closing basis. on numbers front encouraging sign on part of margins and also strong capex in line for next 24 months.

VigneshIyer Updated 

Volume not so great in this scrip as of today hence risk reward not as good as usual, but for a weekly closing and monthly closing above 300 should open new avenues surely. sl at 299 on closing basis is required and if weekly closing and monthly closing happens above 300 then sl would be 295 at weekly closing basis.