sethinomics

sethinomics

TechM stock has crossed its 20,50 and 100 EMA on weekly charts. Stock has also broken above 2 year old falling trendline. Risk/reward seems very favorable here. I don't expect stock to fall below 430. On upside, we may see even 600 in 6-9 months. We hold.

sethinomics

PC Jeweller looking good on charts. Breaking from bullish wedge. after bouncing from 50 DEMA. Even RSI indicator has bounced back above 30, generating a buy signal. If sustains abv 340,i expect stock to head towards 400 in Oct. We hold

sethinomics

Escorts stock has broken out of down channel. 640-650 is strong support zone for the stock. On upside, stock may see even 770 in October if things go well. We hold.

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Nifty daily charts- Double top. Bearish MACD divergence. Bearish RSI divergences. DI-crossover. Breaking sub 20 DEMA. On weekly time-frame too, the MACD histogram has been negative for several weeks now. Even ADX indicatior has topped out and is declining,indicating a weakening of trend. I believe selling the rallies will be more rewarding in times to come than...

sethinomics

Deepak Nitrite has formed inverted head and shoulders pattern between 142 and 182 in last 3 months. Today stock managed to sustain above 182 on closing basis. So i expect 40 rupees upside (182-142), from the breakout level, giving a target of 222. Will look to buy this stock,with SL kept below the 20 DEMA of 175. TimeFrame 4-6 weeks.

sethinomics

Indigo has formed a Head & Shoulders reversal pattern on charts b/w 1165 and 1347. If sustains below 1165, stock can eventually fall to around 981.

sethinomics

Bought Exide today morning around 218. Stock had broken out of down channel on weekly charts. This pullback is giving a good opportunity to buy. I expect the stock to hit 240 by next month.

sethinomics

Motherson Sumi has formed inverted head and shoulder pattern on daily charts b/w 302 and 339. Sustaining above 339 can give upside til 376 in 1 month. The 20 DEMA, currently at 327 can be used as SL for trade. Stock remains part of my investment portfolio.

sethinomics Updated 

Motherson sumi broke out above 1 month old falling trendline. The stock saw very strong volumes today. It also crossed above its 20 & 50 DEMA today. MACD indicator too gave a +ve crossover. I expect stock to move towards its recent highs of 340 in few days. We hold.

sethinomics

As you can see in chart, 264 is a very key horizontal support for ITC. Then there is also the rising trendline which meets at this level. Plus we also have the 20 EMA on monthly charts at 263. So those who have a positive fundamental view on ITC or are bullish for long term can consider accumulating around current level.

sethinomics

Zee entertainment stock has formed a symmetrical triangle pattern b/w 590 & 430. Stock will give at least 160 rupees upside if it breaks out from this triangle pattern above 550, giving target of 710. We hold.

sethinomics Updated 

Edelweiss hourly chart- Stock is now sustaining above 250 after consolidating below that for last 2 weeks. Breakout of range between 235-250.Any small dips colase to 250 can act as entry point. First target 265. 20 EMA can be used as trailing SL.

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Details on chart.

sethinomics Updated 

Bharat Forge has formed cup & handle pattern on weekly charts. Breakout above 1200 can lead to stock back to its ATH of 1363 in few weeks. 20EMA, currently at 1131, which is also near the lower end of the upchannel can be used as SL. We hold.

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Autoaxles stock has made an ascending triangle pattern on monthly charts in last two years between 500 & 800. Breakout above 800 will give upside target of 1100. We hold.

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Emami on verge of breaking out from 2 yrs of consolidation. Stock has formed a huge 495 rupees symmetrical triangle between 1365 and 870. Breakout above 1200 will give an upside tgt of 1200+495= 1695. Stock is part of my investment portfolio for last 3 yrs.

sethinomics Updated 

Cochin Shipyard has formed a cup and handle patter between 500-545. Breakout above 545 should lead to 590 in few days. SL below 530.Stock reports q1 earnings on Monday. We hold.

sethinomics

Watch out for Tata coffee. Stock has formed cup & handle pattern b/w 80 and 150. If sustains above 150, can give 70 rupees upside till 220.