chartistamey

chartistamey

TGV Sraac is yet another chemical sector stock that has been underperforming lately. Stock has shown some positive signs of recovery in past few months. Stock has given weekly closing above 110 which is a positive sign. Stock can test its ATH if the momentum continues and can also give 2x returns in coming months if company posts good results. Keep in radar....

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Nifty Midcap is standing on a confluence of support of trendline as well as horizontal support. 22000 looks like a make or break level for Nifty Midcap. If this support breaks, we might see a quick fall to 21650, 21480, 21300 levels. If this support is sustained, we can expect a bounce to 22200, 22500+ levels Keep this chart in focus for further swing trades....

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I feel it is time to be little cautious. Post 4th June(the election results day), we have seen a good rally in market from 21300 to 26250 today which is almost 25% and that too without a significant pull back or correction. The rally since past couple of weeks is mainly due to large caps. There is no reason to be extremely bearish but as per fib retracement, we...

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This is an idea of one of the most famous listed new age company, Zomato The stock had listed at 2x of issue price(around 70) and later on went to about 50% of issue price and now again standing at 2x of issue price. What an amazing rounding bottom pattern! This kind of breakouts are very powerful to give multibagger returns. Keep in watchlist. Best buy range is 125-130

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Gokul agro has tested level of 150 multiple times in last couple of years. Stock has managed to break the level now with heavy volumes. Stock can be accumulated for big returns in future, more than 2x. Stock is available at decent valuations currently. However, stock comes under high risk category so safe investors should stay away. However, such breakouts...

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Campus is a typical example of bottoming breakout done with volumes. I had given it as an example of falling knife stock but now looks good for a U-turn. ATH from here means 2x returns. Please note that Stock doesn't have good fundamentals currently. Invest as per your risk appetite after discussion with financial advisor. Not a recommendation.

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Divis labs is looking strong for a weekly breakout. A monthly closing above 4000 can bring good momentum in the stock. Pharma sector is bullish and we can see ATH levels in this stock soon

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Logic-Simple weekly resistance breakout, retest and continuation. Weekly closing above 910 will be a confirmation. 1000 will be immediate resistance. A good investment stock for long term as well available at a fair valuation with more than 2% dividend yield. I am expecting similar rally as HDFC AMC in this stock but move would be slow. Not a recommendation, just...

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Geojit financial has shown cup and handle breakout from trendline. We have seen similar chart in Heromotorcorp where ATH levels have been breached. We might get to see a similar story in this stock. Do check out my Hero motor corp analysis as well. If you like my analysis, please like it and follow me for more such trading ideas.

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Indian hume pipe is a small cap pipeline manufacturing company. Stock has formed a beautiful W pattern and is already consolidating above its neckline in monthly time frame. A breakout above 300 will open 2x target potential for stock. Keep in watchlist. Blasting move can be seen.

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Tata power is ready to give breakout of ATH. Stock has bounced from trendline support and might continue the bull run in coming weeks. However, since market is overstretched, keep booking profits quickly. Keep in watchlist. Not a recommendation

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VBL has been a consistent outperformer among FMCG stock in this bull run. As we can clearly see, stock is forming a beautiful staircase pattern(continuous flag pole) during the uptrend. Stock has given breakout in closing basis of ATH. A good stock for quick momentum traders. Not a recommendation. If interested, do check the chart of RVNL which has shown a...

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Indegene is a futuristic high growth company which is a digital-first, life sciences commercialization company. Reason of trade:- Stock has formed cup and handle pattern and has given breakout of hourly ATH with closing basis. Stock is currently consolidating above breakout level which indicates accumulation. Note:-Risky trade which is shared for educational...

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Monarch has been in good bull run like other broking stocks. It has been consolidating since few months and has finally given breakout of descending triangle pattern with good volumes. Company has been posting amazing results recently which shows good growth. Keep stock in watchlist. Not a recommendation.

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Matrimony has finally given weekly closing above its weekly supply zone of 730-750. Stock can fly if it manages to sustain above this zone. ATH target can be expected. Not a recommendation.

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Aditya Birla Sun Life AMC Ltd has given ATH breakout after almost 3 years. Company belongs to high growth AMC sector and is available at decent valuation. Rising volumes is a signal of a big bull run which might be coming in next few months. Rounding bottom breakout of ATH normally give explosive moves. Keep in watchlist. Not a recommendation. Please do your own...

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Rossari Biotech has given a breakout of horizontal resistance of around 890-900 is sustaining above it. Stock is looking attractive for good reversal and might reach its ATH in medium term if broader markets are supportive. However, there is an immediate resistance near 1000 as well. As we have seen this week, there are lot of global tensions leading to high...

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Jubilant Ingrevia is a multibagger stock from 2021-22 bull run which has now corrected to a fair value. The stock has given a trendline breakout as well as a breakout from a supply zone with good volumes. Also, the stock is already forming higher highs, higher low,. Keep this stock in watchlist as the next supply zone is at 500-510 levels. However, this is a very...