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Observe the chart to understand how the the stock price is moving within a channel. Look for opportunities to buy when it takes support at the lower trend line and sell when it faces resistance at higher trendline. If any recognizable and valid candlestick patterns are formed at the levels supported by volume, increase your bet size maintaining stop loss as per...

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Accumulation levels would be from current price until 140, post which the levels mentioned are to be followed. This can be chosen as a theme based pick in the hospitality sector. Pent-up demand for marriages, Opening up of the economy, Backed by strong management, Revenge tourism, Govt support to badly hit sectors can act a stimulus for the stock to rally from...

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The largest advertising platform in cinemas,in India, is set to see a growth in its business as the lockdowns are lifted and people get back to the theatres. It has a network of more than 5000 screens in India. As far the price movement is concerned, it has been in a range since the pandemic hit while the other entertainment stocks have rallied quite a bit...

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Info Edge has a strong management backed by Sandeep Bikchandani. It invests in companies at a very early stage,probably VC funding.Most of the investments have grown leaps and bounds and are ready to bear fruits for them in the form of IPO, where Zomato is one of them followed by PolicyBazaar. The stock has a high Beta value and is generally shows a strong...

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Inverted Head and Shoulder breakout supported with strong volumes. Favourable risk:reward ratio. Targets and Stoploss are mentioned in the chart. #TradeTheTrend#TechnicalPick

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Smallcap Stock which can be bought at current levels with targets as mentioned. #TradeTheTrend#Smallcap#TechnicalPick

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#TradeTheTrend#TechnicalPick

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Rounding Bottom breakout for which the targets and stoploss are mentioned in the chart. Boiling down the results,BEL expects a strong double digit growth of 15-18% in the topline. This implies revenue would cross 15000 crore with an EPS of 12 and 25% ROCE. Which when calculated implies a P/E of 12-14 which is considered a quite cheap valuation relative to its...

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The script is forming two patterns, multiple top and ascending triangle, at a time, breakout level being the same for the patterns. Increasing volume is also indicating to go long once price breaks out the given level. Besides, Dixon is also a leader in the market in the fields of ODM and OEM and is expected to grow faster with the China+1 strategy and Make in...

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The price indicates an ascending triangle breakout sooner or later. As per various research reports, hardly 5% of the total business have moved their business online post pandemic which leaves a lot of scope for business growth. Spending on R&D on cloud services started generating revenue for IT companies with double digit profit growths. Increase in dollar price...

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CDSL is a depository participant that is continuously acquiring market share on YOY basis. Its financials are better than industry average and are on a positive trend. With increase in the awareness towards financial markets, increase in spending, increase in inflation, increasing number of demat accounts help in the business growth of CDSL. It gives a good...

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The movement that comes in a stock price after a long consolidation is likely to skyrocket and is difficult for an investor to catch hold of the price. The same is the case with Vguard Industries. It has given a multiple top breakout after 3.5 years and is perfectly retesting the breakout level.However, this is a low volatile stock. As far as the business is...

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Technical Reasons: Traingular pattern breakout and RSI close to 70 showing strength in the stock price movement. Fundamental Reasons: Very underpenetrated and undervalued business in India. Growing awareness for insurance. Gain of market share by HDFCLIFE since last few quarters along with a good dividend payout. Targets for short term: 720/745/770/800 with a...

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All the technical indicators,chart patterns,momentum indicators,price action, commodity price increase are all the factors culminating to bet on rain industries. The commodity bull run will increase the margins of the business. Rounding bottom/Cup&handle pattern is in formation. Respecting the trend line support and the momentum indicator,RSI>70 showing signs of...

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All time high breakout with volume after a period of 3 years. Target of 1200++ and a stop loss of 600 for defensive investors and 490 for aggressive investors. Caution:Volatile stock #TradeTheTrend#TechnicalPick

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Bhageria Industries has given a rounding bottom breakout on monthly chart supported by increasing volumes. One can go long at current market price or wait for the retest and enter at 225-230 for a target of 380-390 which corresponds to a return of 50%. Stop Loss can be 180-185, which transalates to reward:wisk ratio of 2:1. #TradeTheTrend#TechnicalPick

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Flag and Pole pattern formation in process for a return of 50% and more. Re-rating on cards with the change in fundamentals. Promoter buying stake from open market. Strong order book for the next 2 years. Pledged shares going down gradually. Government strategies aligned with the company's business. Themes based investing for HFCL: 1)Additional 4G spectrum...

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Breakout on weekly chart suggests going long for returns of 55% and 80% from thereon. This idea is purely based on technical chart pattern, so one can go long with a stop loss of 700. #TradeTheTrend#TechnicalPick