naraykln

naraykln Updated 

Grindwell norton making Cup & Handle pattern. Look at the false breakout. Long upper shadow signifies selling pressure. It's either good to wait for weekly close or have SL at breakout level. False breakout then retraced to 61.8 fib retracement and took support. Also, it was long term trendline support. Plus look at the long lower shadow which signifies strong...

naraykln

Infrastructure, Railways, Power all these sectors/Industries are bullish and have demand. Cables top player polycab has informed there will be enough demand that everyone will get a good pie in cables industry. Among cables, fundamentals of Dynamic cables is good and also making cup & handle pattern. This company too has huge potential for growth.

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Among the tyres, I always love Balkrishna Industries. I held it during 2018 and for few years later.. One of the fine exporters of tyres with large no:of SKUs. Look at the quarterly chart. Price is at the bottom of the channel. Breakout retested. Higher low has formed. Looking good for long term. Disclaimer: No recommendation.

naraykln Updated 

Silverbees been moving silently. Hit ATH. Flagpole is the target. Commodities time. Metals & commodities stocks are doing good.

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Given that Gas distribution is breaking out, a perspective of Petronet LNG on monthly chart. Currently Wave 2 to 3 in progress.

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After technical correction after reaching target(check previous charts) and stock split shareindia reversal happening with a flag breakout. Shareindia has very good fundamentals.

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Apollo micro system is making flag breakout. Defence as a sector is extremely overvalued. Even apollo is trading at high valuations.

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Custom index made on Media industry stocks forming triangle pattern. Already invested in Saregama in Media industry. 70% upside potential is the target of the index.

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A custom index made by RENUKA, EIDPARRY, BALRAMCHIN, TRIVENI had a breakout with volume after 2.15Y. Cup & handle pattern. 22% upside potential still there.

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Impact that you see in smallmidcap indices 1. SmallCap 100 index has been travelling 1 way route since Feb '23. ~92%. 2. SmallCap 100 index reached 161.8% fib level. 3. SEBI has expressed worry over the substantial 92% increase in small-cap fund inflows during the first 10 months of this fiscal year, compared to the entire previous fiscal year. This surge has...

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Mazdock followed by stellar results agrees to make electric tugs. daily chart showing breakout. Volumes rising in 15m chart. Fundamentally strong stock. Disclaimer: Holding

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Chemicals custom index made on following stocks by top M.cap and also some fundamentally good companies Pidilite, SRF, Linde, Flurochem, FCL, Deepak nitrite, GHCL, ACI

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Head and Shoulder is a bearing pattern. ACI seems to be negating H&S pattern by breaking the trendline in chart & RSI in daily chart with volume. Trendline between head & right shoulder top yet to be broken. Closing above 690 (Right shoulder) would confirm that bearish pattern is negated

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Gas distribution sector breakout. RSI yet to breakout in that sector. And Likhitha is indeed good company with excellent fundamentals. In this bull run, many stocks emerge cup & handle pattern. Many stocks forming H&S bearish pattern but negate it in right shoulder. This one is also like that. Another eg. shriram pistons. Likhitha getting bullish. Stock has long way to go.

naraykln

Saregama from Media industry has made clear flag breakout. In 2020 Q1, it made such flag breakout and rose significantly. Similarly, 2024 Q1 breakout has happened. Fundamentally strong company. Working capital of the company rose significantly from 98 to 176 which is downside apart from valuations. In bull market, who cares valuations...haha. Mad run in many smallcap.

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Polycab leader of cables. Custom index created among Kei, Polycab, RRKables, Fincables.

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Concall Polycab...3K Cr Capex over 3Y. A bit towards backward integration(improves efficiency) & FMEG segment Seen 30-40% volume growth in Q4 & last year. Industry at 22% growth No material impact in pricing pressure despite rise in commodities(copper & Aluminium) pricing. Mgmt seems to have witnessed this G8 demand in Infrastructure, Power, Renewable...

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An undervalued company with P/E<5. Not every low P/E are good. But Andhra paper is exceptionally good in terms of fundamentals. Working capital reduced drastically. Improved profitability and operating cashflow with stellar operating profit margin. Expected Target 880. Can be held long term as well as it's undervalued. Disclosure: Holding before this stellar breakout