With US marketss falling and Crude falling in tandem..its not a good sign for the economy.. It could be a lead indicator for weakness in the markets.. Watch for stoplosses if this continues to melt down further. If your trading oil..short at current prices with stoploss above 83.50.
With coal prices moving above $400 again..lignite demand will increase again. Watch for a bounce in this stock between 154/150 and go long there..After that look at double up above 167. The stoploss after the first purchase would be below 144.
Beautiful VCP setting up here. Long above 65 here and the stock could have a massive breakout. Stoploss then would be below 62.
The stock has been compressing around this resistance level and we can go long at current price stop loss would be below 295. We can double the allocation above 355.
If the stock breaks above 143.70 then it is a buy with a SL below 138. Otherwise look for a double bottom around 125 levels.. This stock could move up from there.
The company is extremely cheap valuations wise and broke out w high volumes today Long at CMP with SL below 340.
After 5 attempts since Sept 2022 to break above the 200EMA the stock has finally crossed above it. There is now this short term diagonal trendline which also can get broken above 352. That takes the stock to 370 which is the most critical resistance. If that gets taken out the uptrend in this stock will be truly underway. Watch to buy this breakout and then...
WHile there has been a complete breakdown in crude oil futures (it could even be signalling an upcoming recession) this might not be a very bad thing for our oil and gas companies. This might now push the govt to scale back further the additional taxes and duties that have been levied on crude/refining and also refined products. Watch this space and track your...
I had mentioned in the past gold was artificially being kept down. (Atleast that was my conspiracy theory) That downmove could be complete.. The price broke the downward channel. It is accompanied by a beautiful triple bottom + triple positive divergence on the RSI. (Technically speaking its bottomed and bounced) This triple bottom also happens to be a 50% Fibo...
If the retail group that had their way with AMC has their way..they want to push hard on 2 metals.. Silver & Copper.. SIlver above 21.65 could move much higher and quick again. I'd watch this space w interest to see if the above mentioend metals and gold hit some sort of a squeeze upwards.
If ETH breaks below 1230 that will be bad news for crypto fans.. It could call to triple digits (880) at which point it forms an inverted cup and handle which is not good.. (Stoploss 1280)
The stock seems to have bottomed out and maybe its expansions start to kick in. Today is the result for the company. Long above 380 with stoplsos below 355 and if you don't like that much risk then below 365. There is a little bit of a wedge breakout here.
Another one of those Pharma companies which was in the wars over the past 1 year..the management has made many mis-steps and lost focus..leading to losses. All the attention shifted to its biologic business. THe RSI now had a divergence and the follow thru days show that there could be a bottoming out here. The stoploss here is 290 and its deep..but this is a...
The leader among smallcap API names which has a quality management. The stock is approaching its VWAP of its entire fall..its coincidence that it also coincides with the downward trendline.. I would buy this in 3 phases..first above 1530..then above 1585 and finally above 1630.. After the first buy my SL would be below 1445 and then at cost. Results are coming...
Another API company looking to break out of its downward trendline. This one doesn't have a triple divergence so i wouldn't take as aggressive of an initial position (As the stock is below the 200EMA) Long above 108.50 with a stoploss below 102. IF the stoploss hits i could again look to see if it can double bottom around 95 and look to buy it around that level...
One of those successful retail stocks from 2020 which made a lot of noise and money for many people..but for those that entered late it was among the mosst hated ones. The stock could've potentially bottomed out. Also like Mark Minervini's 50/80 rule..this stock did significantly correct. Long above 380 and double up above the 200EMA (395)..If like me you like...
A specialty wood paint company which doesn't have much competition in India. Nice little consolidation at the highest level..it could breakout from here. Long above 658 with stoploss below 630.
THe NBFC cycle has been among the worst hit overall since 2018/19. With all the talk about India's credit cycle also turning around NBFC's should move strongly too. Watch for the entire sector to start showing strength again. AB Capital is forming an inverted Head & shoulder pattern. 50% long above 123 and doubling up above 134. Stoploss below 119.