We have seen an amazing bull run in JSWSteel during the metal sector rally of 2020-21. Since then, stock has been consolidating with 770-780 acting as a strong supply zone for the stock. However, the stock has recently taken support from a 3 year old trendline and currently standing at the same supply zone. If the stock manages to sustain above 780-800 for a...
Stock has bounced from strong support trendline. Today, stock has taken rejection from strong resistance of 3200. Possibly, we might see a small correction before next big upmove. Trade can be initiated only if stock is available at levels given in chart.
IT sector is looking bullish and Infy can be one of the stocks to watch out. Stock can give a TL breakout above 1460. A weekly closing about 1500 will confirm the breakout for targets of 1690, 1850+. SL is below 1340. A safe stock for investors with good dividend yield. Stock is always a buy on dip from investment perspective. IDEA SHARED ONLY FOR EDUCATIONAL PURPOSES
Logic: Bounce from Strong demand zone of 570-600. Strong RSI bullish divergence. Risky trade. Less liquidity stock. Can blast once crossed 750.
Monthly chart analysis of Marksans pharma reveals a beautiful cup and handle breakout in the stock. We have seen an ATH breakout already and a consolidation/retracement is bound to happen. The stock is looking strong for multibagger returns with the best buy level for a positional trade is the range of 95-105 Keep this stock in your watchlist. For investment,...
Idea is shared as Long term reversal pick only for educational purposes. Stock name:-Mphasis Market cap around 40000 crore Buy in range of 1950-2050 Technically IHNS Breakout above 2500. SL below 1650 WCB Targets 3500, 4000++ Diving into some fundamental ratios at CMP:- PE ratio-25 (Near 5 yr median PE and industry PE) ROCE-28.9% ROE-21% Debt/Equity-0.2||...
A risky trade in volatile stock. Shared only for educational purposes. Stock is retesting breakout zone and has formed a flag pole pattern. Above 880, stock can go for 960, 1000+ levels. Trend is super bullish. SL is below 840.
The stock of Poonawala fincorp has been consolidating in an ascending triangle pattern since end of 2021. Currently, the stock is trading above its previous all time high of around 343.8 Buying at the top is always risky so keep this stock in watchlist and enter at a retest of 320 levels or as per your own risk reward. Idea is shared for educational purposes.
Reversal trade for educational purposes Ideaforge has been in a downtrend since its listing. However, stock has formed a short term base. 780-840 is a good accumulation zone. Breakout above 840 might be a sign for reversal. RSI positive divergence is clearlyseen in the stock Targets can 960, 1000, 1050+ with SL below 780 DCB. However, there is no guarantee...
Fundamental analysis:- Bank of Maharashtra is a PSUBank stock which can give good returns in short as well as long term. The stock has a good dividend yield and is available at a cheap price as per PE and PB ratios. Technical analysis:- The stock has given a breakout from Inverted head and shoulder pattern. A closing above 32.45 can provide more than 10%...
Please refer this chart Cup and handle pattern breakout with volume
Eris has beautifully broken ATH with a cup and handle pattern in monthly time frame. Targets can be 1200, 1500+. One can enter at CMP and add some qty at 850 SL is below 780 weekly closing basis. Idea shared for educational purposes only
Likhita infra is a good investment stock. Good cup and handle breakout will be confirmed once a weekly closing is done above 320. Risky traders can enter today if stock closes above 320 with SL below 292 DCB. Targets can be 370, 400++ in medium term. Idea shared only for educational purposes.
Hindustan foods has given a bullish flag breakout. Risky trade considering weak market scenarios. Levels mentioned on chart. Its better to book quick profits or keep on trailing your SL. Idea shared for educational purposes
Dhampur sugar has given a breakout from strong supply zone of 280-290. A closing above 300 today will take this stock to levels of 350, 380 and ATH++. However, this breakout might be news based and could fail as well. Commodity stocks have added risk of being extremely volatile. Have strict SL in these kind of stocks and book quick profits.
Dalmia sugar is looking good to be a part of bull run of sugar stocks. Levels are mentioned on chart. Stock is near 23.6% of Fibonacci retracement level. If level is broken, we can see stock moving to ATH as well. However, Commodity stocks have an added risk of being news driven so trade with strict SL. Idea shared strictly for educational purposes
Chalet hotels has given an inverted head and shoulders breakout. Currently, stock is consolidating above the neckline. A retest of 400-405 levels can give a good indication that the breakout is genuine and one can expect at least 100 points move which is the length of right shoulder. Long term targets can be 250+ points which is the length of the head. SL is deep...
EIHOTEL has beautifully formed an inverted head and shoulder pattern in weekly TF with neckline being an important supply zone of 200-210. The stock has given a weekly closing above this zone and is looking ready for a breakout. It can be added on dips upto 195 with a SL of weekly closing below 184. ATH level of 227 might prove as a minor resistance before a...