SPARC is a loss making company, hence this is purely a technical pick. Stock has given beautiful trendline breakout and is in consolidation since breakout. Above 400, stock can fly to ATH. Risky traders can enter at CMP for better risk reward.
Tata elxsi is one of stock from Tata groups to deliver multibagger returns in last 4 years. Stock has strong fundamentals and is available at a decent valuation. All long term investors shouldn't miss this opportunity to accumulate this stock. Breakout of consolidation is already done. A follow up bullish candle can be expected next week.
Indian hume pipe is a small cap pipeline manufacturing company. Stock has formed a beautiful W pattern and is already consolidating above its neckline in monthly time frame. A breakout above 300 will open 2x target potential for stock. Keep in watchlist. Blasting move can be seen.
TGV Sraac is a fundamentally strong small cap chemical company which is showing a strong reversal pattern. Stock has given breakdown from support and formed a bear trap. A big bullish candle has been formed last week. Stock can give multibagger returns in long term. However, since stock is small cap, it is riskier to invest.
Housing finance sector is looking very positive considering the tapering effects of recession and inflation data. PNBHsg finance has already skyrocketed post breakout. Lichsg finance is a good fundamental stock which is looking a good positional trade. This idea is not a recommendation and is shared only for educational purposes. You can also study stocks like...
Kalpataru power now known as Kalpataru Projects International Limited (KPIL) has given weekly breakout of inverted head and shoulder pattern. A similar pattern is seen in SBILife whose idea was shared earlier This is a strong signal of big uptrend in the stock from the technical analysis perspective. Energy sector is looking bullish to support the uptrend. One...
Stock of GMM is bouncing from strong support and looking strong for a good upmove. If the stock crosses 1800, we can expect a big move upside. Short term traders can book at T1/T2 quickly. Stock has good fundamentals to hold for long term as well.
Purely technical view for educational purposes only IFB is one of the leading brands of electrical appliances. Stock has given Cup & handle breakout with volumes. Good stock for positional targets of 1330, 1480. SL is below 850 WCB. Try to accumlate in range of 960-980 for better risk reward ratio. Breakout reason is company has declared good Q2 2024 results.
Everest industries is looking good as a reversal trade as a swing trade. Stock is bouncing from confluence of supports.If bullish trend continues, we can see targets soon. RSI divergence is also seen during the bounce.
Sygene is a pharma stock which is consolidating from few months now. Stock has formed triple bottom pattern near its strong support and now showing signs of reversal Confirmation is when stock gives weekly closing above 750. Risky traders can keep this stock in watchlist
I have discussed in previous post about what exactly falling knife stock is with a case study. The next question would be how would an investor know that stock is a part of falling knife category? To identify such stocks, I feel you should know about 2 concepts/indicators which are Moving averages and Fibonacci retracement. I will try to make you understand these...
Castrol is a safe stock which has shown an amazing trendline breakout. Stock provides a good dividend yield as well. If trend continues in upward direction, stock can test ATH and make new highs in medium term. Keep in watchlist. Levels mentioned on chart.
FACT has shown an amazing rally post breakout of 200 levels. Stock has shown an healthy retracement upto 38.2% and now showing signs of reversal. Risky traders can keep this in watchlist as stock is in mad bull run and can show quick moves. Please like and follow if you love my analysis.
Dalmia bharat is a strong company with good fundamentals which is available at strong support. Levels are mentioned on chart. Good stock from investment perspective as well.
Syrma is a very reputed Electronics manufacturing supplier which has shown good growth in past few years. Technical analysis of chart shows bullish divergence near a strong support. If the stock crosses 500, we can see quick move towards target mentioned. A supportive broader market can also help stock make new ATH. Keep in watchlist.
Logic:Breakout retest done and fresh flag breakout of consolidation Targets are based on Fibonacci retracements. Company has strong fundamentals. Good stock to invest on dips as well. Idea is shared as a swing trade for educational purposes. It will help you understand power of flag breakout and continuation patterns.
DO NOT MISS THIS BREAKOUT! A clean volume breakout with retest done in daily TF. Stock will fly from here. A small consolidation can be expected which is best time to accumulate this stock We might not see this stock at this price in coming few years again. A good fundamental auto ancillary stock
Sapphire foods has been consolidating in a beautiful ascending triangle pattern. Currently, stock is near suppl zone, hence only risky investors should be interested If the stock gives monthly closing above 1500 with good volumes, we can see a big move in this stock. Keep in watchlist!