ITC- CMP 212.4. It has made bowl formation and if breaks above 213.7 then it can go up to 225. On previous day it went up by around 2% with almost double volumes. Results are also not bad. It can be taken at current price of 212.4 with a sl of 205 on closing basis for a target of217, 220, 226, 234. RSI and MACD, volumes are favoring. This is for educational...
Canbk- CMP 157.45. Can be bought on CMP and on declines up to declines to 150 with a sl of 143 CLBS for a tar of 162, 168, 178, 189, 200 and above. It is on verge of breakout and coming out of consolidation and came out of F&O ban today onwards are positive indicators for upmove.
Karnataka Bank- CMP 58.45. Will it reverse from support zone 57.6 to 58.45 ? To be seen. It can be taken at CMP and below with sl of 55 on CLBS for an immediate tar of 65, 69, 71, 74+++. Its Book Value is 192. PE is 4.63 both book value and PE are very attractive. This is for educational purpose only and any investment may be done after consulting finance adviser.
Manappuram Finance- CMP 164.15. It can be taken at current price with a sl of 159 for a target of 171, 179, 185, 192. In August 21 it fallen from a haigh of 214 and stabilized around 158 to 164. RSI and MACD are showing strength for price rise. It is in the process of cup formation and top of the cup is around 185. It recovered up to 23.6% of Fib levels. This is...
IDFC First Bank - 48.5, It is in the formation of cup and handle pattern. Its 200EMA is 48.85. If it goes above 48.85which is incidentally the handle breakout point, it can go up to 49+depth of the cup from handle breakout point is 8 points. Means it can go up to 48.85+8= 56.85, with a sl of 47 on closing basis. This is for educational purpose only and any trades...
Xchanging solutions - CMP 112 - It is in the formation of bowl pattern or rounding bottom pattern. It took around 40 days to reach base or bottom of the pattern. Depth of the bowl is around 43 points and top of the bowl is 134.4. So initially it may reach previous high of 134.4 to complete the rounding bottom pattern, if it further breaks out from there with...
It is n verge of crossing its 200EMA which s at 9.7 and also RSI is reversing from over sold zone, MACD cross over is happening. Once it crosses and settles above 200EMA then it will go uo to 10.10, 11.3, 12, 13++ soon with a sl of 8 on closing basis. Today cash volumes are also very good. This is for educational purpose and any position shall be taken after...
Indian bank- CMP 123.5, Technically it made a cup pattern and also another cup in formation stages. It can be taken for long with a sl of 114 for a tar of 146.4, 156, 167++. In the first cup also it reversed after touching a low of 200DMA and in second cup also it touched 200DMA today and started reversal. It recently announced quarterly results and results are...
Harrison Malayalam- CMP 236.5. It is in tea business. It has gone up yesterday with huge volumes and closed by crossing previous high of 229.2made on 13.7.21. Now a days all tea companies are doing well. Its PE is also at 10 which is lowest in industry. All other companies PEs are ranging from 20 to 45. Also from the graph it can be seen that whenever MACD...
Indian bank- CMP139.3, Results are very good. yesterday after announcement of results it went up little and closed around 1% up with huge volumes and settled lower due to general weakness in market. Technically also it made a cup and handle pattern. Handle if in formation and handle formation will be completed soon and will break out. It can be taken for long...
ZF Steering- CMP 540. Can be bought at 540 and dips upto 500 for a tar of 598, 646, 733, 813, 892, 999, 1188, 1294, 1378, 1538 with a sl of 458. It is on verge of break out. Its price to book is 1.3 and PE based on TTM is 55.6. Auto revival is positive for counter. This is only for educational purpose.
Texrail- CMP 38.25. It is in to railway related works and also having steel foundry and very old established company located at Kolkata. It's book value is around 45 and made rights issue at 46.7 in year 2019. It has broken out on daily charts and can be taken for targets given in chart. It is not an recommendation and is only for educational purpose.
LIC housing finance on cup and handle break out. See targets and stop loss in graph. This is for educational purpose and consult your financial adviser before buy.
NMDC CMP 184.85 can be taken with SL at 176 on clbs for a target of 195, 201, 213 for short term. Horizontal lines acts as support or resistances. Blue horizontal lines are for intraday, Red horizonal lines are for short term.
Idea CMP 10.35. Today it went up by 10% with huge volumes and huge increase in June and July future positions. These are the indications of long formations. It has also broken trend line resistances and broken the cup and handle formation. It can easily go to 12 plus very soon. Can be taken at current price with a sl 9 for a target of 11.1, 12.35, 13.5.
Banknifty fut - CMP 35169. Can be bought at current price or upto 34550 with a sl of 34250 for a tar of 36019, 36550, 37400++ which is also life time high. Nifty is at life time high and it is time for banknifty to catch up, indicators are favoring upside movement. This life time high of 37400++, I am expecting by 7.7.21 based on pattern and its speed. Let us...
PFC- as per chart It is making cup formation. Top of the cup is at 138. Today it has risen by 3.73% with huge volumes even in falling market. That is very bullish sign. It has also filled the gap formed on 18.3.21 which is also bullish sign. It may go up to 138 with a SL of 123.
Bankbaroda- CMP 84.55. Cup and handle breakout. Buy with SL of 77 for a tar of 87, 92, 97, 100, 104.