nitinKgupta

nitinKgupta Updated 

Fundamentally stronger. Capacity Expansion for ethanol production completed in Jan 2024, further addition underway. Excellent management commentary post Q3 results. High accumulation completed above Rs770 with huge Volumes. Consolidation done between Aug 23 - Dec 23, before breaking out above Rs770 levels. Goi intend to increase allocation to produce ethanol...

nitinKgupta Updated 

Ride the Bull Cams Ltd, trading above major resistances of Rs2971-3025, sustaining above these levels shall make it travel towards fib ext 1.618 levels and previous highs. Promoters has exited completely in December 2023, new investors like Fii and Dii have lapped up this company. Rsi in Daily/Weekly/Monthly are near 64/68/64 Adx showing strength in the...

nitinKgupta Updated 

TAKEN SUPPORT AT FIB 0.618 with rsi positive divergence on daily charts. Accumulation initiated. BREAKOUT RETEST OF APRIL 2022 HIGHS. PRICE NEAR SMA 200.

nitinKgupta Updated 

Falling Trendline from the year 2017 breakout. Shall sustain above Rs232 for upside till Rs275 and then Rs333 post Q4 results. Volumes are at all time high, huge accumulation on Budget day. Good Q3 results, SL Rs200. Disclaimer : Above scenario just for educational purpose and study of graphical movements as per available technical parameters derived by...

nitinKgupta Updated 

Waiting for price to move above Rs855, Buy on every dip now, time has come for this. rise upto Rs900-930 initially, SL 810

nitinKgupta Updated 

REMAIN CAUTIOUS, RSI bearish divergence, Stock in Distribution phase. Similar to June 2022 structure. GOI has started revising windfall taxes upwardly due to recent higher crude oil prices. SL only if crude oil starts falling sharply. SL If stock prices start moving above Rs1100. Disclaimer : Above scenario just for educational purpose and study of graphical...

nitinKgupta Updated 

It is on the verge of breakout, SL is the BO Candle Rs348. Long overdue run up pending alongside other Adani group companies. Q3 results are descent. May move quickly towards Rs411, Rs510 and upon sustaining then upto Fib ext 1.618 levels. Rsi above falling trendline, soon cmp will catch up with the move. Adx showing strength. Price at 200sma. Disclaimer : Above...

nitinKgupta Updated 

Olectra may retest previous breakout levels because Rsi losing strength and given breakdown. Retest levels Rs1800-Rs1700, further breakdown could take it to Rs1450 levels. SL previous high of Rs2222 closing basis. Disclaimer : Above scenario just for educational purpose and study of graphical movements as per available technical parameters derived by...

nitinKgupta Updated 

Waiting for a daily closing above Rs75.50 or RSI crossing level 64 whichever comes earlier. Trendline support is intact from the 52week lows. Good Q3 results, SL below previous swing lows for a ride till fib ext 1.618 levels. Macd signal positive, histogram showing strength and macd about to be above Zero. Strength after ADX crosses 30. Disclaimer : Above...

nitinKgupta Updated 

Ride the Bull, Weekly Breakout and retest of breakout levels done. moving towards FIB EXT 1.618 and beyond. Solid Q3 results, GOI boost to tourism sector for the years to come. Only negative is the 5% circuit filter which makes entry/exit little difficult. minor resistances Rs225, Rs248 Buy on every dip Rsi trendline support break in weekly is actual SL. Daily...

nitinKgupta

FALLING TRENDLINE FROM 2017 ABOUT TO BE TAKEN OUT UPWARDLY. BEST TO ENTER ABOVE Rs232 ONLY. Rs275 and thereafter previous high of Rs333 can be reached after Q4 results. VOLUMES ARE AT ALL TIME HIGH, HUGE ACCUMULATION ON BUDGET DAY. GOOD Q3 RESULTS. SL Rs200. Disclaimer : Above scenario just for educational purpose and study of graphical movements as per...

nitinKgupta

RIDE THE BULL, WEEKLY BREAKOUT AND RETEST OF BO LEVELS DONE. moving towards FIB EXT 1.618 and beyond. Solid Q3 results, GOI boost to tourism sector for the years to come. Only negative is the 5% circuit filter which makes entry/exit little difficult. minor resistances Rs225, Rs248 BUY ON EVERY DIP RSI TRENDLINE SUPPORT BREAK IN WEEKLY IS THE ACTUAL SL. DAILY CHART...

nitinKgupta

AWL ON THE VERGE OF BREAKOUT, SL LOW OF TODAY'S BO CANDLE RS348. LONG OVERDUE RUN UP PENDING ALONGSIDE OTHER ADANI GROUP COMPANIES. Q3 RESULTS ARE DESCENT. MAY MOVE QUICKLY TOWARDS Rs411, Rs510 and upon sustaining then FIB EXT 1.618 LEVELS. RSI ABOVE FALLING TRENDLINE, SOON CMP WILL CATCH UP WITH the move. ADX SHOWING STRENGTH. price at 200sma Disclaimer : Above...