The cup and handle breakout with a strong volume suggests the market players to go long for a return of 90% with the reward:risk ratio as 6:1. Reasons for getting into this stock: Agri-business company manufacturing micro irrigation systems, PVC pipes, Renewable energy solutions with 6 decades of expertise. Inflation in the food prices result in the increased...
Technical chart pattern supported by volume suggests a minimum safe side return of 25% for this small-mid cap company. Other reasons to hold it as a long term bet: Increasing inflation, gross domestic savings and higher disposable income. Increased awareness among people to turn towards mutual funds than real estate or gold comparatively. Healthy dividend...
Music Broadcasting company looks technically very strong for a short term target of 50% and a medium term target of 95%. The script gave a cup and handle breakout supported by huge volumes. However, on the business front, though the company has been acquiring market share from its competitors and performs way better than industry average, the financials seem to be...
The small cap company, Elecon Engineering Company, has given a multi-year breakout and is poised to give 2x/3x return from here if the business performs the same way like the last few quarters. The company has reduced its debt alongside showing signs of good growth on the revenue and the operating profit front. One can wait for the stock to retest the levels of...
Due to covid, we have witnessed a rally of 140% in the NIFTY IT index on the whole from the March-20 bottom. Now the IT index is getting ready for another leg of up move as it forms an flag and pole pattern with an expected return of 60% where midcap IT are expected to participated in the rally. Zensar Technologies is one of the undervalues shares as it is trading...