Aster DM Health- CMP 147.55. It has got hospitals in middle east and India. It has got diluted EPS of around 5 to 6 in last two years. It has got good FII stake and looks good. As per technical analysis it has fallen from heights of 180 on 20.11.20 to a low of 132 in March21. From there it retraced with good volumes to 61.8 levels of Fib and came down to 23.6 of...
PNB broke out rounding bottom pattern at 41.3 with huge volumes and closed at 42.15. Next targets are 42.8, 44.2, 46.25. Depth of the cup is 8,Breakout point is 41.3. Final target is 49.3
Biocon CMP 382.2 - Biocon has reversed from 370 after a fall from high of 424 in last one month. 1 Observations 1) On six occasions in last one year whenever it touched the bottom of Bollinger band and made a BB inside green candle it has gone up to at least middle of BB in all occasions in 5 to 8 days. This time also it may repeat same feat. Middle of the BB as...
ACC CMP 1812.9 - In all 5 occasions shown above, whenever it is coming below middle of Bollinger band and almost touching bottom of BB, upward sloping channel it is bouncing back to go at least beyond BB middle band also going up to top of channel and BB band in short span of 10-15 days. This time also it may repeat the same again. As on today BB middle is at 1885...
Granules- CMP 341.35. It has formed cup and handle break out pattern with good volumes. It can go up to 364, 380.5 with a sl of 317. This is for educational purpose only and needs to consult your financial adviser before taking any investment decision.
Biocon- 412.85. It is one of the few pharma scrips yet to participate in pharma rally. It fell with huge volumes from 455 to 376 in 2 days on 21.1.21 after announcement of Q3 results and created gap from 422 to 442. Today it went up with huge volumes highest of past one month and closed at 413. It has to stay above 423 and fill the gap for going up. It is also...
3 I infotech CMP 7.05 - 3 I infotech whenever it is touching Bollinger Band lower side it has got the tendency to go up wards and meet middle and top edge of the bands. In the present case BBs bottom is at 6.98 and top edge is around 8.5. Can be bought at present price of 7.05 with a dip up to 6.9 for a target of 7.7, 8.5 in short term with a sl of 6. The scrip...
3i infotech - CMP 8. Following cup and handle patterns for quite some time. Looks like it may go up in short term for a target of 11-12 with a sl of 6.8 on closing basis. Recent uptrend in volumes and making higher highs and higher lows also is a positive sign. This is purely for educational purpose and any investment shall be done with consultation of financial experts.
Bank Baroda- It is in falling triangle wedge. May be fall will be arrested. IT has comeout of F&O ban from today. It may be go up from current price with SL 73 for a target of 80, 86, 92. It is not an recommendation for buy only for educational purpose.
PFC - CMP 137.7. It has met all its previous given targets and almost trading at year highs, latest one is identified when at 122 recently and published in this tradingview site. Now be cautious because of 2 reasons whenever it met is top edge of Bollinger band as done now, it tried to retrace and came back to lower end of BB in 4 out of last five occasions and to...
3I Infotech- CMP 7 - Is it on Breakout with higher volumes. It has announced its results and are good. It took support at lower side of Bollinger band and also at 20 EMA which is close to around 6.2. It made a rounding bottom cup formation on longer time frame on weekly charts. It can go up to upper end of Bollinger band in very short time and is presently at 9...
TCS - CMP 3050. Can be taken with SL of 2880 on CLBS for a target of 3150, 3250++. It has corrected from decent rise and it has taken support 2883 which is also 100EMA and Bollinger band lower end. RSI also took support and moving up which is positive. MACD blue signal also has crossed red signal just recently and is also a positive indication. Yesterday also it...
PFC-121.8. It has fallen from recent high of 135.9 and consolidated. Now it will start its upward journey to reach previous highs of 136 and 140 in near future. Its last quarter EPS is 10 and stock is trading at very cheap valuations. It is also a holding company of REC. Buy for target of 130, 136, 140++ with a sl of 107 in near term also good dividend paying...
PNB -41.7. It met its all previous targets given earlier on rounding bottom pattern given on 14.1.21. Now it is to be seen whether the uptrend continues. By seeing volumes and the pattern it looks like that it may break and reach out for targets of 46.75 and 50 with a sl of 37.5. This is purely for educational purpose.
NTPC 99.35. Following cup and handle pattern. It needs to break out the handle portion and close which is around 100. A close above 100 will take it to 107 and 116 with a sl of 95.
SAIL - CMP 66.75. Gone from 60.25 to 80+ following my earlier Idea published on 25.12.20 before coming down to 60 range as it was in F&O ban. It took support there and following bullish pattern. Today onwards it is out of F&O ban and taking cues from good results of Tata steel it may go up to 75-80 range again. To be seen. This is for educational purpose only and...
Union Bank- CMP 34.8. For past 6 days it is making higher highs and higher lows with consistent increased volumes. It can go up to 36.25, 39.5, 42 and 44 in medium term with a sl of 31.
Tata Power- CMP 77.1. It has gone up to 88 and corrected from there. It took support at 74.2 which is 50EMA and also has multiple support points at this price on daily chart. Can be taken with a stop loss of 72 for a target of 82, 88 very soon. It is also in the business of execution of solar power projects and government may give some sops in upcoming budget....