umangadatia312

umangadatia312 Updated 

WONDERLA HOLIDAYS, Stock is perfect contender of reopening theme. Stock is finally gaining momentum and moving towards the resistance. if it breaks the resistance, new targets are unlocked as per Fibonacci. Fundamentally, results is also improving, one can go long at current levels with a stop loss of around 205 with the targets mentioned on the...

umangadatia312 Updated 

COAL INDIA, the stock is consolidating on a upper range of the territory, showing clear bullish signals in this type of disturbed market. Moreover, the market is tumbling down, but Coal India is meant to be savior of NIFTY, Can go long at current levels because Long-term RSI is at resistance level and if it breaks out than a 20-25% upside on the stock is seen....

umangadatia312

In continuous of my previous idea on Maruti, where it failed to gain momentum on upside. Finally a bullish momentum is indicating on Moving Average Convergence Divergence . Crossovers are more reliable when they conform to the prevailing trend. If the MACD crosses above its signal line following a brief correction within a longer-term uptrend, it qualifies as...

umangadatia312

Stock is about to close high on closing side...confirmation is done above closing 3100 leading to next target level in the near time. If we compare NIFTY IT with Mindtree, NIFTY IT seems bullish and can rally about 10 to 15% rally..... which leads mindtree to sizable rally to around 3700. Moreover, crossing above 3700..... the doors of 4000 gets opened. Watch...

umangadatia312

Certainly a great fundamental company, but not the right time for entry for long, well the stock has comfortably started trading below 1650-1600 levels, which was a breakdown level and started to trade below that indicating further downside. Moreover, a structure of a FALLING KNIFE is clearly visible on the charts. Targets are positional. DISCLAIMER - I AM NOT AN...

umangadatia312

Orient Paper, Bullish setup strong candles formed on a monthly charts around resistance of 36.5, the level is very important as if any closing above that a breakout of 2 years is seen. DISCLAIMER - I AM NOT A FINANCIAL ADVISOR, ITS JUST A VIEW AND NOT AN ADVISE.

umangadatia312 Updated 

PEL , The stock has finally broke support since covid-19 pandemic, but it can be treated as an exceptional event due to Russia and Ukraine crises. The Indian stock market was down during week time. A level of 2160 is utmost important, watch out the level in the next week session, if it starts sustaining above that level, then a new bull run of the stock is...

umangadatia312

Axis bank is buzzing around the news of takeover of retail business of Citi Bank. The stock has finally getting momentum from last 2 weeks indicating a test around its resistance of around 815 to 820. once it starts sustaining above that a target of around 1000 is opened. the target is arrived by testing the previous lows around 600 - 650 range. So, a gap of...

umangadatia312 Updated 

GSFC, company forming a pattern of upward trend on weekly charts, Stock has also retraced from making an recent high, looking good at current levels and can surpass Fibonacci levels which can extend upto next 1.618 levels I.E 188.4 Rs. DISCLAIMER - I AM NOT A FINANCIAL ADVISOR, ITS JUST A VIEW AND NOT AN ADVISE.

umangadatia312 Updated 

LINDE INDIA , the stock had been in a multibagger in 2021, its been a great story for the stock so far, infact this is the perfect stock to analyze where technical meets fundamental analysis. inspite of heavy FII selling during last 2 months, the stock has shown a limited downside, the stock is ready for the next move. if we put Fibonacci, a perfect combination is...

umangadatia312 Updated 

GNFC, a strong fundamental company with great earning potential , the quality of darvas box formation is such that when a strong company forms such a formation on a long term charts i.e weekly charts the price action happens on the upside.since there is a minor pullback on weekly charts, there is a good demand zone around Rs.440. TARGET - 540 I AM NOT AN...

umangadatia312 Updated 

DEEPAK NITRATE, The journey of the stock is exceptional from Rs. 400 to 3000 levels since pandemic. Now, we had seen a rally in the past, the stock had corrected 30% from its all time high. it is trading at a level of pullback, this week is utmost important with regards to closing, if the stock gives closing above 2100 then a reversal pattern is confirmed, if the...

umangadatia312

Stock has been consistent compounder since few years, we have seen a havoc in markets due to Russia and Ukraine war, and leading to rising crude prices and commodity prices. the stock had almost corrected 40% from above levels and ready to take the next ride from current levels, Can go long from current levels for a Target of almost 90%. Time Frame - 12 to 18...

umangadatia312 Updated 

DR LAL PATH LAB is nearing support and forming a structure of Falling knife on weekly charts. if the stock holds support and bounced back well, this will negate the view, Eventually, if stocks breaks the support comfortably then a Targets of 2350 and further downside can be seen.. DISCLAIMER - I AM NOT A FINANCIAL ADVISOR, ITS JUST A VIEW AND NOT AN ADVISE.

umangadatia312 Updated 

The stock has given massive returns since covid-19 pandemic till December 2021, important reversal signal is indicated on charts , however there is a strong supports around 2700. if it sustains the support level , stock can take a pull back level, but it doesn't sustains can go down till 2100. watch out the levels. its a long-term view , looking at the current FII...

umangadatia312 Updated 

SAREGAMA was trading around supports of EMA 50 on a daily charts, it never broke that support on the charts, Finally after huge volatility in the markets it is not able to sustain the support and eventually brock that support. A support of 4250 is visible in the charts, if it breaks without much consolidating, the stock is about to correct.... and eventually...

umangadatia312 Updated 

CDSL, the stock never tested 20 day EMA within one year until TODAY, Its a conditional sell as the candle has still not given closing , so when the candle gets closed below 20DEMA or gets a negative weekly closing, a downside of next 50 DAY EMA doors gets opened and the same level is the weekly support of the support. DISCLAIMER - I AM NOT A FINANCIAL ADVISOR,...

umangadatia312 Updated 

Nifty IT Index almost corrected 5500 from 39500 levels, it is nearing support and it had already formed lower lows formation. If it sustains support level then there will be small pullback, eventually due to liquidity fears before pre-budget in the markets. The structure looks like a further breakdown and is coming near Strong FIBONAACI support. watch...