madhubansal

madhubansal

Hello Everyone, Have spotted a bullish pattern on the chart that can take the prices to 510-550 in the short while. Points to note: > Out of all, Oil sector is showing some strength. > OIL has seen recovery for the current support levels multiple times in the past. > Trading above 100EMA with good volumes. > Hammer spotted Important leves: Support: 464...

madhubansal

For 3-6 Months Fundamentally, > Revenue Growth over 60% Quarterly > Net Income Growth over 70% Quarterly > EPS over 40% Yearly Technically, > Trading at the point of historically tested demand zone. > Rising relative strength. > Market Profile also suggesting an upmove. > Current levels suggests buyer's entry with volumes. Risk to Reward is 1:2.5 or...

madhubansal

The Stock looks super good due to the following reasons - Rising Relative strength. - Higher prices accompanied by higher volumes. - Breaking out monthly resistance with volumes. - Taking support weekly levels and trendline support coinciding. - Trading above DEMA 100. Weekly close above 308 may take the stock to the levels of 350.

madhubansal Updated 

The stock seems to be breaking out from the support levels of 885 that we have identified with the following points 1. Rising volumes. 2. Rising relative strength as compared to the Nifty consumer Index which has not happened in the past 3. Fundamental view: Almost all counters have worked well in this index except for tataconsum, this is now time for this stock...