trendlines139

trendlines139

#IntellectDesign good breakout after 27 week's consolidation. CMP 531 seems ready for good upside. Can be added on every dip for 30% upside from here.

trendlines139

#MadrasFertiliser formed a base for 12 weeks and then price breakout above the upper base limit. Will add CMP 74.45 and upto 65 for 25% upside for 94 with trailing SL at 60. Stock is hovering at 5.14PE and ROCE at 28%. Quarterly and yearly sales are improving with decent 10%OPM

trendlines139

#DivisLab showing a good reversal after filling the gap between 2800-3000. Accumulating for 3300/3700/4300.

trendlines139

Dr Reddy CMP 4763. Chart is showing similar formation as happened in 2019. Showing very good BO of box and EMA cross over. In 2019 stock just doubled from the BO level. One can expect ateast 50% upside from here. For investors the SL is deep at 4200 on closing basis.

trendlines139

IZMO CMP 121 : The first company to have procured a license to manufacture arms and ammunition in India under the Make in India initiative. It gave a technical breakout at 104 and now heading for previous high of 149. If crosses 150 and gives weekly close abv that then one can expect another 25% upside.

trendlines139

#AparInd CMP 2475 is showing a good BO after 4 weeks and forming a flag with good volume. Can be added for 2600/2800/3000 Stock P/E 19.8 ROCE 26.9 % ROE 16.1 % Profit Prev 12M ₹ 363 Cr. CWIP PY ₹ 28.7 Cr.

trendlines139 Updated 

#HGinfra moved in the range of 500-660 for 280 weeks and finally breaking above this channel. Good order book and profit margin. Retested the BO level and again moving ahead. One can expect to see 700/750/800 in coming weeks with SL of 650 on CLBS. Such long consolidation BO works as very good support and can be accumulation zone whenever price comes to touch...

trendlines139

Valiant Orgaincs is trading at 430 a very correction from the high of 1970. PE 16 ROCE 18.4% Promoter holding reduced in 2021 and now at 38.4% Good 2022 sales numbers almost 65% up. May be a good bottoming out candidate only for risk takers.

trendlines139

Sudarshan Chemical showing a very good base formation and BO after 18 weerks. CMP is 409 can be added for 470/4570/620 with SL 360

trendlines139

#AsterDM CMP 235 forming a Inverted Head and Shoulder and n a rising channel. Pharma sector is now forming a bottom and looking good defensive bet. Can be accumulted for 265/285 with SL 220

trendlines139

#AxisBank had break out at 825 and now retested the same. Top class Private sector bank. Can see 910/1000/1100 in coming months

trendlines139

AB Capital brokeout above 140 and retested this level and now trendline BO. CMP 154. It can be accumulated for 165/185/205 SL 131

trendlines139 Updated 

#AdaniPorts CMP 612 broken above previous 3 week highs. Seems ready for 650/750/800 in coming days. View only for study purpose.

trendlines139

#PGHH formed a base in the range of 3900-4500 and now broken out after 50 weeks. A very good weekly candle is forming. Fundamentally a very good company. Can be accumulated for 5100/5700/6400 SL 4300 CMP 4825

trendlines139

#Indiamart is coming out of the box after many weeks consolidation. Can be accumulated for 5300/5800/6800 in midterm.

trendlines139 Updated 

#ZensarTech CMP 248 will breakout abv near pivot if closes abv 250. Price has almost 55% corrected from the current peak of 540. 200WEMA is hovering aroung 265 and price is now abv 50WEMA.

trendlines139 Updated 

#HAL formed a tripe bottom at 2400-2420 range and after that has broken out of trendline. HAL touched al time high at 2811 on 6th Dec'22 and corrected from there to 2411 within 20 days on 26th Dec'22. Now current market price is 2509 with subdued volume till now. But looking at the fundamentals volume will increase after this breakout and one can buy it here or...

trendlines139

#ManInfra on recovery path after forming DB at 71-74 range and now hovering around 81 after crossing above trendline. CMP 84 and can see 100/115 a good 20-30% upside potential.