finvestar

finvestar Updated 

COFORGE reached an ATH of 6135 in the month of Jan'22 and corrected by almost 52% to reach a low of 3210 in Sep'22. It has formed a triangle pattern on monthly chart and has been in an upward journey since Oct'22 generating almost 32% returns. Last month i.e. in May'23 it has broken out of the triangle. This indicates significant upside potential of minimum 24%....

finvestar Updated 

Deepak Fertilisers reached an ATH of 1062 in the 3rd week of Oct'22 and then corrected by approximately 52% to reach a low of 512.40 in Mar'23. It took support from the base of the triangle pattern and resumed uptrend. On 1st June'23, the scrip succesfully broke out of the triangle pattern reaching a high of 570, followed by 1 month of consolidation.Last...

finvestar Updated 

Windlas is in momentum since a few weeks. I expect that the momentum may continue for a few more weeks before it halts and consolidates again. Holding period: 2 weeks (Exit with whatever profits in hand) Note: This is a technical pick. Do your own research before investing. Stop Loss: As per risk appetite.

finvestar

Huhtamaki is a consumer packaging company. It's offering includes specialized pouches, pressure sensitive labels, personal care and household, specialized cartons, and automotive and industrial products. The stock is significantly undervalued as compared to its sector(Containers & Packing). It's peer Uflex Ltd (a loss making company) commands larger market value...

finvestar

Godawari Power has been in momentum after breakout from multi-year resistance. Q1 FY25 Highlights: Achievement out of FY25 Revenue guidance till Q1: Iron Ore Mining: achieved 20% of FY25 guidance in Q1 Iron Ore Pellets: 27% Sponge Iron: 26% Steel Billet: 23% Ferro Alloys: 30% Rollet Products: 21% Iron ore mining: Capacity expansion plan from...

finvestar Updated 

It reached an ATH of 1802 on 27th Feb'24 and faced a correction of nearly 24%. It tried moving upwards from 2nd May onwards, but faced profit booking at 1682 levels even after announcing outstanding results. Thus it is expected that the stock will revisit its last high of 1802 and may achieve a new high of 1944 in the process. Upside potential: 35% (Short...

finvestar

This auto component maker hit a high of 631 on 7th Feb 2024. However it failed to hold onto the momentum and witnessed a decline.But, it started moving upwards Mar'24 onward and has generated almost 50% return by the close of Jun'24. The large bullish candle of Jun'24 broke out from the upper end of the rising channel. A corrective pullback is observed in the...

finvestar Updated 

Venus Remedies reached an ATH of 639 on 9th Aug '21and then corrected by approximately 77% to reach a low of 145.80 on 22nd Feb'23. In the month of Feb'23, the scrip took support on the base and has resumed uptrend, forming a triangle pattern in the process. On 30th May'23, the scrip opened with a very large gap-up ad gained 20% in a day. On the following...

finvestar Updated 

The scrip was in a corrective phase after reaching a 52W high of .The scrip gave a breakout from the triangle pattern on daily time frame forming a large bullish candle on 01.03.2023 rising 5.6 percent to Rs 82.65 with above average volumes, the highest closing level since January 31.The stock is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day...

finvestar Updated 

The stock hit a fresh 52-week high of 151.30 on 10th May 2021, but failed to hold on to the momentum, falling about 58% . SAIL took support at the lower trendline of the wedge pattern on 21st June 2022 and bounced back from a 52W low of 63.60 to a high of 93.90 on 19th Jan 2023, rising about 47% . In terms of price action, the stock is trading well...

finvestar Updated 

RBL Bank reached an ATH of 716.4 in May'19 and corrected approximately 90% to reach 74.15 in the month of June 2022. It then took support at lower trend line of the wedge and rose by 255% in 7 months i.e. till Jan'23. Since then the price has been hovering near the upper trend line (resistance) of the wedge. Risky Traders Entry: Only above 176 (daily closing...

finvestar Updated 

The stock reached ATH of 314.55 on 9th June 2014. It then fell by almost 84% to reach 50 on 13th Mar 2020. It took support at the lower trend line to reach high of 194.95 on 8th Mar 2022. It faced a correction of almost 38% reaching a 52W low of 119.85. on 6th July 2022. Recently, it took support from lower end of the channel rising nearly 33.62% in 9 months....

finvestar Updated 

PCBL reached an ATH of 159.40 in Jan'18 before falling by 83% to a low of 27.05. It again rose to a high of 153.75 in Sep'22 and thereafter fell to a low of 108.70. In the process it formed a perfect Cup & Handle pattern on daily charts. Since, 2018 it was trading below multi-year resistance trend line.It has given from cup & Handle pattern on 14th Jun'23, forming...

finvestar Updated 

Greenply Industries reached an ATH of 298.85 in the month of Jan'18 and corrected almost 75% to reach a low of 72.90 in Mar'20. It had consolidated for almost 6 months in a range before starting its upwards journey again in Nov'20. It reached a high of 254.7 in a year and started correcting again. In the process it formed a triangle pattern and has freshly...

finvestar Updated 

Delhivery will be a beneficiary of PM Gati Shakti National Master Plan (Capacity Building in Logistics Sector). Fundamentals: delivered highest ever Operating Profit of 109 Cr in Q3 FY24. The company turned profitable with a positive profit of Rs.12 Cr against loss of 73 Cr in same qtr last year. ~50% incremental gross profit in transport business Revenue...

finvestar Updated 

MARKSANS was trading within an ascending channel since Nov '2005. It broke out from the channel in the ongoing month of Nov '23 forming a large bullish candle on a monthly time frame, rising approximately 51%. The Stock rose nearly 11.88% today hitting an All Time High of 165.

finvestar Updated 

BPCL broke out on monthly chart after 8 years of consolidation. Market Sentiment is very bullish. - A play on Green Hydrogen and Compressed Bio Gas. - Attractive Valuation - OMCs are rallying.

finvestar Updated 

After reaching a high of 625.80 Great Eastern Shipping Co. entered a consolidation phase which lasted for 15 years. After a failed breakout attempt in Nov'22, GESHIP broke out of consolidation in Mar'23 rising from levels of 532.25 to a closing price of 847.20 in Oct'23 generating 59% returns in last 8 months.