we can see broadening triangular pattern which is a bearish continuation pattern , united spirits is strong fundamental and valued stock , where the company is clearing its depth in past few years good to acquire as it is a strong stock but now there are bearish signs rsi is around 30 can buy at this dip and if further falls wait till price comes over 20 day ma...
we can see the formation of head and shoulder pattern which is a trend reversal pattern in uptrend and the price is at neckline
and we can also see bearish dma crossover so we can see 3 green arrows at different levels which will act as S1, S2, S3 ,
S3 is a very strong one we can accumulate if price comes there (S3 is covid level)
or we can buy on dips at...
suntv is the only entertainment stock which has high profit margin of 70% and promoter holding is above 60% and fundamentally strong company
which also gives good dividend ,
in long around april there are going to be elections which can make stock 20-25 up or down based on election ressults in tamilnadu
its been consolidating for along time on 15 min chart ,gives a dividend of 37-40 a year , and if government declares buy back of shares can go to 800 also, downside risk is very low even if market falls this stock does not move much
we can see rsi near by 40 and mfi below 30(oversold range) ,
in short term we can expect to go to 9300 in long term can go 10000+ as bajaj finserv may get banking license
we can see now price is currently at previous month low(december low) ,and in november also price traded at this range ,actually it is going sideways (consolidating) and bollinger bands...
after lockdown bussiness is back on track in short term we way get 10% the stock has been falling since 2018 from a peak of 200 where small caps peaked out in 2018 ,in monthly chart the stock is above 20 day moving average in bollinger bands and in day chart the bollinger bonds are compressing ,perviously it went to 71 so we can expect to break that level this...
rising wedge formed three times in previous months from march to jan and in bigger frame made a big rising wedge price still at 15000 which also
same in march month so can now buy and hold
disclaimer trade at your own risk just my view posting
thankyou for reading
rising wedge formed in day chart ,and adx giving negative divergence
but to confirm this we need rsi and mfi to be in over bought range currently RSI is at 60.4 & MFI at 63.1 and rising wedge need to be much closer but over all direction it is getting narrower i think in 1-2 weeks mfi and rsi will reach over bought ranges and rising wedge becomes much more...
->bajaj holdings conatins bajaj finserv,baja auto ,bajaj finance (results on jan 20 2020)where everything hit all time high
->but bajaj holdings still trading below precovid levels still lacking 25% from precovid level of 3900,
->& results are there on jan 21 ,and bajaj finserv might also get banking license mostly the event is expected by jan15,
->if we look at...