Deepak Nitrite Fundamentally Strong company. Institutions increased stakes in Apr-Jun Quarter. Triangle breakout. Will fire once consolidation breaks out.
Appears to be Jewellery custom index breaking down from parallel channel
Petronet among gas distribution brokeout all time high. Gas distribution sector also gave trendline breakout. Fundamentals of Petronet is also good. OPM has been steadily increasing over past 4 quarters along with net profit and eps. Stellar ROE record over 10Y period
Demat account hits new high in FY24, 31 lakh more additions in March Rectangle box consolidation and flag breakout with good volume. Targets in chart. Could see breakout on Weekly RSI on zooming very close. If chart adjusted for dividends, Weekly RSI breakout is visible. 35% upside potential.
TD Power system gave a rectangle breakout with very good volume. RSI also had breakout. Good fundamental company. Capital goods, transformers, oil, gas stocks are good
Nifty Metals. Will it head to 7967? Riding the dark horse. Kalyani Steels.
Stylam Industries under the industry Plywood Boards/Laminates is engaged in the manufacturing of decorative laminates exports its products primarily to European and South East Asian countries. Company has excellent fundamentals. Improved ROCE, Debtor & inventory days along with working capital. Stock looking to breakout trendline in chart. RSI already brokeout...
If this index is observed, price has taken support of 23.6% Fib level of pullbacks twice after significant rise since 2020. Currently price is near the 261.8% Fib Level (15259.65) drawn between Jan 17 '22 top to Jun 20 '22 bottom So far price couldn't break that resistance. Feb 5th and Apr 8 in weekly chart. Last 4 days in daily chart also isn't convincing....
IEX took support at 117 which is 61.8% Fib Level. Another support formed at 130. Chart & RSI is about to breakout.
Looks like total market index is in consolidation zone. Weekly Candlestick showing evening star bearish pattern. RSI(34) is below it's moving average
Given that Gas distribution is breaking out, a perspective of Petronet LNG on monthly chart. Currently Wave 2 to 3 in progress.
Custom index on mineral breaking out in chart. RSI(34) yet to breakout
Silverbees been moving silently. Hit ATH. Flagpole is the target. Commodities time. Metals & commodities stocks are doing good.
Custom index created by top M.cap companies in gas distribution sector with Adani total gas, GAIL, Gujgas, IGL, Petronet. Trendline breakout. Petronet already made ATH.
Among E-Commerce sector, Zomato, Infoedge(Naukri), FSN(Nykaa), One97(paytm), Indiamart, Easytrip, Justdial are the top 7 companies by M.Cap. Created custom index among 7 and shows clear breakout in weekly chart & RSI Among them Infoedge is profitable in 5Y period with good technical chart but high valuations
Insurance sector getting better. Icici Pru Life breaking out the neck line of inverted head and shoulder pattern in weekly chart. Inverted H&S is bullish pattern. Breaking out after 2.34Y Height of the head is 228.05 which is an ideal target 848.05. Fib retracement 261.8% - 861.8 also comes near to that target. Pivot target 3 is at 887.05. April month has...
Insurance sector seems to be getting better. Among them Icici pru life technically good.
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