FUNDAMENTALS : 1. Qtrly Sales growing as compared to Sales in corresponding Qtr in P.Y. 2. OPM at 17% V/s 11% previous year 3. Caution : Price to Book value is High as compared to its peers Technical: 1. Price confirmed breakout and retest of Ascending Triangle on weekly chart. 2. Price Took support of trend line on weekly chart 3. 20 week SMA support at 810...
Gujarat State Petronet Ltd. is an interesting chart with following FUNDAMENTALS : The company is one of the largest players in the natural gas transmission business in India together with its leadership position in Gujarat and strategic location with connection to all major natural gas supply sources 1. Company is almost debt free. 2. Company has a good return...
Laurus Labs Ltd. is an interesting chart with following 1. Ascending Triangle breakout under formation on weekly chart 2. Narrowing Bollinger Bands on weekly chart with price moving near upper band 3. Minor Resistance near 448-450 zone above which stock can fetch 485-530 zones 4. Major support near 415 - 425 zone 5. Bullish Marubozu candle + bullish...
Chambal Fertilisers and Chemicals Ltd. is an interesting chart with following Fundamentals 1. Company has reduced debt. 2. Company has a good return on equity (ROE) track record: 3 Years ROE 23.5% 3. Company has been maintaining a healthy dividend payout of 23.0% 4/ Debtor days have improved from 35.2 to 23.1 days. 5/ Company's working capital requirements have...
CMS Info Systems Ltd. is another good chart to view TECHNICALS 1. Huge Volume surge in last week 2. Narrowing Bollinger Bands on Weekly chart 3. Price Trending in a Box on weekly chart for last many weeks 4. RSI on all time frames above 60 5. RS is positive. 6. Major supports 50 Week EMA/ 20 week SMA 357/382 Respectively 7. Box Breakout will bring 480 as...
Bajaj Consumer Care Ltd. is an interesting chart with following 1. RSI on Daily and Weekly Above 60 2. Narrowing Bollinger Bands on weekly charts 3. Multiple Moving Average Supports as under: Daily 20 SMA at 220 Daily 50 EMA at 222 Weekly 20 SMA 224 Weekly 50 EMA 212 Monthly 50 EMA at 218.50 4. Big Green Candle on weekly chart with huge...
NESTLE INDIA is an interesting chart with following 1. RSI on all time frames above 60 2. Price forming ABCD pattern on weekly chart 3. can be a good buy on dips with Support near 2400 zone and resistance at 2780 4. Price making higher highs for last three days 5. Stock outperforming sectoral index on both 1 week and 3 months 6. Narrowing Bollinger...
Astral Ltd. Breakout of Flag Pattern 1. Narrowing Bollinger Bands on Weekly chart 2. Price moving on upper Bollinger Bands on Daily Chart 3. can be a Good buy on Dips and dips only for a target of 2350- 2430 in near term Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation....
Metropolis Healthcare Ltd. is a beautiful picture perfect Rounding bottom pattern on weekly charts. 1. Narrowing Bollinger Bands on Weekly and monthly charts 2. RSI above 60 on Daily and Weekly charts 3. Price Crossed above resistance line 4. Major Supports near 1650- 1600 levels 5. Stock making higher highs for last two days 6. Both SRS and ARS above zero 7. 20...
Can Fin Homes Ltd. is another interesting chart with following 1. ABCD pattern under formation on weekly chart 2. Narrowing Bollinger Bands on weekly chart 3. Price traded and closed on Upper Bollinger Band on daily chart with huge volume. 4. Next Minor resistance 845-850 zone which is box number also once closed above it, it will form breakout of long...
Cholamandalam Financial Holdings Ltd. Is an interesting chart with following 1. RSI on all time frames above 60 2. Narrowing Bollinger Bands on weekly chart with Huge Volume candles 3. Major support near 1060 - 1050 zone in short run and major support near 950-960 zone in long run 4. ABCD pattern under formation Caution : Stock witnessed an aggressive...
V- GUARD industries is an interesting chart with following 1. Price forming ABCD pattern on weekly chart 2. RSI on all time frames above 60 3. Weekly bullish candle with Huge volume 4. Major support at 283-296 zone 5. Buy on Dips and dips only with one's own Risk Reward matrix 6. Stock included in Weekly report of Stock Edge for current Week Lets See How it...
ABCAPITAL is an interesting chart with following 1. RSI on daily and Monthly chart above 60 2. AB-CD pattern under formation on weekly chart 3. Price formed a bullish candle on Weekly chart with huge Volume 4. Narrowing Bollinger Bands on Weekly charts 5. Can be a good Risk reward with Buy on Dips and dips only for a price target of 198-211-225 and positional...
BATA INDIA is an interesting chart with following 1. Bullish Harmonic BAT Pattern under formation on weekly chart 2. Price Reversal Zone as per Pattern is near 1420 - 1375 (below 1350 pattern fails) 3. Dozi formed on weekly chart with huge volume. 4. can be a good contra buy on dips with Low risk Reward as next resistance on upper side is at 1590-1610-1660...
SBI CARDS is an interesting chart with following 1. Bullish Harmonic BAT pattern under formation 2. PRZ near 715-740 zone 3. Confirmation hammer candle on weekly chart 4. Price Formed Bullish candles on two consecutive days on daily charts despite bad numbers can be a good risk and reward for positional target of 873 with SL below 700 levels Disclaimer: I am...
PVR INOX is an interesting chart with following 1. Bullish Harmonic BAT pattern under formation with price reversal zone near 1420 zone 2. Bullish Diversion on RSI on daily chart 3. Price formed Doji on daily chart 4. 100 EMA support on Monthly chart near 1345 Can be a good risk reward with buy on dips and dips only near PRZ if a confirmation bullish candle...
BAJAJ FINSERVE is an interesting chart 1. Bullish Harmonic BAT pattern on daily chart 2. Weekly Support at 1564 which is 50 EMA weekly 3. Weekly trend line support at 1560 4. weekly Anchor support at 1509 levels 5. Positive Reverse Diversion on RSI on weekly chart (RSI made a new low but price made a new high ) 6. One can look for buy on dips and dips...
Asian paint is one interesting stock with following 1. Price forming Bullish Harmonic BAT pattern on weekly chart 2. Pattern PRZ zone near 2810 - 2730 levels Subject to reversal confirmation at least on 4 hour/ daily chart 3. RSI on daily chart already below 20 (oversold zone) 4. 200 EMA support on weekly chart at 2780 levels 5. 50 EMA support on monthly chart at...