Barely survived the week in the box. Lets see how the week starts tom...There is a positive divergence on the weekly and also the daily. If tom is a green candle it could lead to a good move back into the box for this co.
Warning: NBFC is currently a very tricky sector to play off pure technicals at the moment. News has been playing a key role.
Mega breakout after a very very long consolidation. If you don't like playing gold as a commodity, you can always find gold related stocks like gold loan companies for example.
PS: Silver has been under performing gold...keep an eye out there...
A recently popular stock which has been running up in a channel is at a key channel support. Its still bullish but below the channel and black line it too could take the path of correction.
Ideally would like to see it bounce..
Lets see how it goes over the next couple days. #watchlist
This sector needs reforms and quickly. Its shadow banking for the entire sector who find it difficult to get loans from banks.
Head and shoulder (Not the most perfect one though) formed. keep on wathclist. If it breaks down further it could fall sharply (Will be watching below 605)
Just sharing the chart as a preempt.
One of the very few defence players which got beaten down due to a political tussle pre elections. The govt owes them approx 20,000cr. Def Minister Sitaraman had mentioned orders are close to being confirmed. Always been a profit making company with good margins and good cash flows. Hopefully things get back to normal soon.
Today the stock broke out with 12x...