Alembic Ltd has stayed in a range for a long time now. Made a strong base and is oscillating around it. Will the stock move upward, stay neutral or break its support? I believe that breaking support is highly unlikely, and to move upward it has to satisfy the trades in the range of 120-124.
The company has managed to sell its fixed assets in order to get relief from its massive debt. Now the profits rather than getting consumed in paying debt have started to get accumulated. It might soon come out of grey waters as they are starting to show positive net profits. The book value of the company is at 14+, this is the price level which will reach when...
The following chart shows the consistency in volume with respect to the decrease in price volatility. Bullish overview for the December trading session.
Disclaimer - This is not a buy/sell call. Please do your due diligence before taking a trade. The company has good fundamentals.
A cup and a handle is formed. J&K was bullish today even when the PSU banks were down, which shows the momentum it has generated. J&K has a correlation of on average 0.73 with the PSU Bank Index. Coupled with a channel, a cup with a handle, and correlation divergence the chances of breakout on the positive side increase. Decent for a short-term trade. Disclaimer...
DEN ENTERPRISE is in growth mode right now. With good quarters coming in, the prices are reflecting it. Multiple crucial resistances have developed over time. Potential 72% expected before next financial year.
This analysis is purely technical. Fundamentals are not considered. Disclaimer - This analysis is just for understanding purposes. It should not be considered a buy-and-sell call.
MARKETS ARE HIGH AS A KITE : Historically, this acts as strong resistance for markets. Markets tend to reach this point when there is too much optimism around. This is the most dangerous level for investors in the market. Retail investors are extremely greedy here. Expect a bubble to burst soon. CRITICALLY HIGH : At this line, the markets are relatively too...
KRBL is the worlds leading basmati rice producer and has fully integrated operations in every aspect of the basmati value chain, right from seed development, contract farming, procurement of paddy, storage, processing, packaging, branding, and marketing. Brand Portfolio - The company sells rice under its flagship brand, ‘India Gate’ along with the other 13 brands...
Heavy support below. Possesses the risk: reward of 2:7.
According to my technical analysis, there is an inverse head and shoulder generated in SUNTV. This gives two targets of 20%++ and 50%+ respectively. Sun television has solid fundamental track records, with exceptional ROCE of 30+ maintained over the last 10 years and good sales & profit growth every year(except last 2 years due to pandemic). This sales...
SAIL is showing a flag and pole pattern. After the boom in international steel prices, SAIL and other same category stocks were under consolidation. Now this consolidation seems to end. Looks good for long from here.
Entry @ 30 -30.5rs. R:R ratio of 1:2.25 caution: This is a penny stock. The is no buying/selling advice. This is for educational purposes.
BINANCE:ETHUSDT Which way will it go? A - Bullish breakout B - Bearish breakout C - Will stay sideways/False breakout Comment to let me know.
Union Bank of India is engaged in the Business of Banking Services, Government Business, Merchant Banking, Agency Business Insurance, Mutual Funds, Wealth Management, etc.# Branch Network Presently, the bank has a network of 9,587 branches# and 12,961 ATMs# across India. Its network almost doubled from 4,281 branches and 6,895 ATMs before the merger with Andhra...
Supported by good fundamentals. Formation of cup and handle with another handle. Soon to break the resistance.
Prakash industries is a cyclical stock with prices swinging from 10x from the lowest price to falling again by 90% from the highest price. The stock is in constant momentum after pandemic crash/correction in markets. Looking at volume and correlating it with historical data, the chances of stock staying bullish are more than the chances of it being bearish. Also,...