Vaibhav Global Limited (VGL), is in the business of global retail space, especially in the jewellery, accessories and lifestyle product segments of two of the largest economies of the world - the US and UK. Logic: Stock is consolidating since few months after a huge fall and is trying to give breakout of consolidation. It can be a sign of accumulation breakout. ...
Atul is one of the major stock of chemical sector which has been correcting since past many months. We have seen a reversal in chemical stocks and similar reversal pattern is visible in Atul as well. A clear flag breakout in weekly TF is visible. Confirmation is above 7600 Stock can even touch ATH if the rally continues for an year. Keep this in watchlist.
Tanla has given cup and handle breakout and is sustaining the breakout. We can see good move in stock post closing above 1270 High growth IT stock, decent fundamentals and has given multibagger returns since 2020. Risky investors shouldn't miss this breakout. Stock can test ATH levels if IT sector remains positive.
HFCL Ltd (Himachal Futuristic Communications Limited) is a diverse telecom infrastructure enabler with active interest spanning telecom infrastructure development, system integration, and manufacture and supply of high end telecom equipment, Optical Fiber and Optic Fiber Cable . (Source:-Screener) With growing 5G and Gigafiber demands, HFCL has a big future ahead...
Introduction:- We have seen an amazing bull run in global markets including our Indian markets in the past 3 years. Many investors have been able to gain multibagger returns from this bull run. However, we all must understand that like every coin has 2 sides, every bull run has few stocks which are either under performing(like our beloved HDFC Bank) or are part...
RIIL has given a trendline breakout and is looking good for short term target of 1250. Try to buy at lower price, around 1025-1050 for good risk reward. SL should be below 970 DCB. If the stock manages to give a weekly closing above 1300, we can see 1500+ levels in the stock. Idea shared for educational purposes only
SIS is a stock which is looking very beautiful for a range breakout with a falling wedge pattern. If the stock closes above 500 tomorrow, we will have a breakout and retest completed. Stock might outperform markets and is a very safe bet. Levels mentioned in chart. I am expecting bigger targets than ATH. Stock is available at an amazing valuation.
Union bank is one of the top 5 largest PSU banks of India. We have seen an amazing rally in PSU banks in the last couple of years on the basis of improved profitability and asset quality. Technically, Union bank has a big scope of uptrend possible as the stock has recently broken the resistance of 100. Positional traders can look for targets of 140, 175+ in next...
PNB housing has shown an amazing rally post breakout of trendline. Stock is currently near a strong supply zone of 820-850. Next target for stock is 1200. Stock can give buying opportunity near 650-700 before breakout. Add on dips. Idea shared for educational purposes
LIC, the biggest IPO of Indian market history which was bearish since listing has finally showed the start of bullish move. We have seen great rally in government run insurance companies like GICRE and NIACL. LIC has given a breakout of inverted head and shoulders 2 weeks back. Today, it has crossed its strong supply zone near 750. We can see ATH levels in this...
A penny stock idea with extremely risky investors having excess disposable income. A monthly closing above 60 will open doors for U-turn. Levels mentioned. There is no confirmation for same. I do not invest in such stocks. But the price action is suitable for 2x returns.
Quickheal has given a trendline breakout today with very heavy volumes. Stock has also managed to close above 61.8% fib retracement which clearly indicates a strong buy signal. However, the SL for positional traders is very far below 230 DCB. A retracement is favourable for short term traders. Best buy level can be 250-255 for targets of 330+. However, risky...
Gateway distriparks is India’s leading Integrated Multimodal Logistics company. As Make in India is growing, India needs experienced logistics provider and Gateway fits rightly in it. Stock has recently given ATH breakout with a rounding bottom pattern. Company has sales growth of over 55% in last 3 years. We can expect big returns in the stock once the trendline...
Mahindra logistics is a stock which is showing strong technical signals of a bottoming with a major breakout of a range. The level of 450 has proved strong resistance in past. Stock has broken it with volumes recently and is now retesting the breakout zone. RSI positive divergence is clearly visible in chart. Levels mentioned in chart are crucial. If stock...
Stock has been consolidating in a range from many days.Volume breakout has happened today. Stock should sustain above 850 for couple of days for confirmation. Levels mentioned on chart. Highly risky trade.
Hero motors stock has formed a cup and handle pattern from past 4 years. A breakout of this pattern will unlock new highs for the stock. From investment POV, stock offers attractive dividend yield of more than 3% at CMP. Some ratios from fundamental analysis are: D/E is almost 0 ROCE>20% ROE>15% PE is 20 at CMP For trading purposes, stock is risky considering...
Another stock from pharma sector which hasn't rallied. IHNS pattern breakout above 575. Levels mentioned on chart. Good move can be seen post breakout. Please follow me if you like my analysis:)
Snowman has given a weekly breakout. Stock can be on watchlist. Minimum target is 68-69 with SL below 42 DCB. Idea shared only for educational purposes. It is not a recommendation.