ontropronor06

ontropronor06

Following long-term consolidation from Feb 21 to Sep 21. On its trendline, M&M stock price has given a breakout. Stock price has formed a pennant pattern, with support at 734. The fundamentals of the stock are below average and do not point in one direction. Breakouts prior to the results of FY21Q2 can be considered positives for bulls. A sustained price above...

ontropronor06

Motilal Oswal is a Mid size brokerage firm, which also provides services like Wealth Management. The company has a Mcap of INR 12K Crore. The stock price is trading at a PE ratio of 10.26 with historical PE of 25 and sectorial PE of 27.6. The stock trades at moderate volumes usually. Unprecedented volume rise can be seen between 4 May - 6 Aug 2021 with rising in...

ontropronor06

After correcting from highs of 260-265 in June 2021, the stock has taken support on the midterm trend line, that it has been following since April 2020. As the stock gained support from the breaking point of 200, it started climbing up the ladder with MACD and RSI supporting its price movement. Despite the price move up, volumes are still awaiting confirmation.

ontropronor06

Financial Supports target of 130-150 in mid term. RSI indicating bullish momentum along with MACD also giving bullish signal.

ontropronor06 Updated 

RSI Above 50 however MACD is negative above 0 Line. All signs suggest a strong bullish momentum.

ontropronor06

The stock has tested the Resistance region for quite a significant time. With clear spikes in buying volumes. On RSI, Stock has also recovered after testing the 50 line. Promoter holding has increased by almost 10% in the last quarter. Stock is trading a PE of 8.21 which quite similar to historical PE. But it significantly lower than the industry PE of 23.8. A...

ontropronor06 Updated 

After spending considerable time in the range of 200-240. The stock has given bullish signals on both indicators for the breakout. The sustained price movement above 240 can be considered as a breakout. A significant bullish move can be seen till 285-290.

ontropronor06 Updated 

RSI is testing 50 line. MACD is not posting. Wait for breakout. and Indicators to turn positive.

ontropronor06

VEDL has recovered from the oversold region on the RSI indicator. Also, a Golden cross might be seen on the MACD indicator in coming trading sessions. Pricing is holding above shorter and long-term moving averages. Longs can be taken with an SL of 249.

ontropronor06 Updated 

Exide industries is following a short term trend line. Indicators are positive. Stock Reversed from the support of 177. Bullish move can be seen in coming days. Be cautious of the trend line break in opposite direction. First Target will be 210.

ontropronor06 Updated 

Golden Crossover on Moving Averages. RSI and MACD with Positive signal.

ontropronor06

Britannia Double bottom neckline breakout and indicators are also giving positive signals. Stock is trading at lower PE than Industry but very close to Historical PE.

ontropronor06

Gold Resumes it's bullish Move and Big Mutual Funds are Backing it. Gold has recovered from the support level of 44000 and now it has resumed its bullish move Indicators are confirming this trend too. Add gold to your portfolio now. Major Multi assets funds are betting on gold more than the top equity market stocks.

ontropronor06 Updated 

NSE:IOC

ontropronor06

Tata Power is following the Medium Term trend line from November 2020. Confirmation above 115 can be considered a breakout. RSI is climbing more and more above 50 but waiting for MACD golden crossover will be a wise decision.

ontropronor06

By taking support on long-term moving average hero motor corp reversed. RSI, MACD and are not suggesting much of a bullish move so taking confirmation above 3050 is a must for any long-term position.

ontropronor06

With positive volumes and RSI & MACD Giving positive signal. Good upward move can be expected in hudo.