gunechadeep

gunechadeep

The metal sector is cyclical in nature , most of the stocks have undergone 50%+ correction , SAIL has fallen from 150+ levels and made lows around 65 forming a wide base double bottom and nearing breakout levels of 87+ , the volume profile also shows the maximum accumulation around the 75 levels , with a fall in the US inflation and the cooling down of the DXY...

gunechadeep

With the overall metal sector giving a breakout on the charts, a few stocks are lagging behind and a few are fueling the rally and one among them is JINDAL STEEL & POWER ,the stock had earlier rallied with the metal sector and after a wide range low volume consolidation of about 10 months the stock has given a breakout ,it is not suggested to immediately jump...

gunechadeep

GODREJ PROPERTIES after severely falling from its highs has made a falling wedge pattern and given a breakout on a 1h time frame and is consolidating with a formation of "W" pattern and another wedge breakout around its crucial resistance zone of 1630-1650 levels ,once these levels are taken out good upside momentum upto the levels 1740/1770 can be seen and in...

gunechadeep

Happiest Minds Technologies, THE MID CAP IT GIANT which a leading digital transformation technology provider is finally out from the trade to trade segment, the stock has seen a reasonable correction from its highs with improving fundamentals.the volumes are squeezed shows the TTM SQUEEZE ,the stock has formed a triple bottom like structure which is a bullish...

gunechadeep

THE NATIONAL ALUMINIUM COMPANY has been on a high power bull run,the stock had been making new 52 week highs with the soaring prices of aluminium ores ,the stock has doubled from calender year low ,which clearly shows how the financials have been driven, the bull run has just started in the metal sector with rising demands across all sectors, the balance sheets of...

gunechadeep

India's largest automobile manufacturer is seen to have factored in all sorts of negative news inflows relating to low production volumes ,semi conductor shortage, global rise in raw material prices, sky rocketing fuel prices and lots more.The beast had given a breakout from a triangle pattern with a successful retest and looks as it would continue the upside...

gunechadeep

BEPL looks to move in a parallel upward channel and currenty is trading at the lower end of the channel...one can enter after spoting a bullish candle or as per their setup.The strong quarterly numbers would help it sustain within the channel and make new highs.The risk reward ratio is in absolute favour,One can have a small stoploss and the potential upside...

gunechadeep

The stocks is seen showing V shaped recovery .It looks attractive after a weekly closing above 102 .We dont have as such targets for the upside but using the fibonacci extension i have marked few levels which could be considered as the forth coming targets.There is another possibility that the stock takes a bit of reversal and forms a cup with handle,Hence if the...

gunechadeep

IDFC bank has been making lower highs and lower lows since past few weeks ,but since last few days the things have been changing for it as its clearly seen that the stock is trying to make reversal with a double bottom.Finally it has given a strong closing above its resistance of 52.25 and a healthy pullback.The feather to this trade idea is the option chain data...

gunechadeep

Krishna Institue of Medical Science (KIMS) finally breaks its multiple time tested resistance and has given a beautiful breakout above 1310-1320,as per price action we dont have any resistance but as per fibonacci pivots we have 2 resistances at 1396 and 1543 .one can take entry on their own analysis as the risk reward ratio looks favourable.The momentum can be...

gunechadeep

The stock is seen consolidating between the range 1270-1500 for almost 6 months,after coming out with poor results the stock has fallen and the news has factored in,the stock is seen taking support from its 200EMA and has seen some good buying around this strong daily, weekly and the monthly support zone of 1255-1290, initiate buying after a strong closing above...