INFY formed an inside candle on weekly chart after a big green candle formed in earlier week. if it closes below 524 levels on weekly basis, it can fall upto 430 lelves, which can act as a long term support. as NIFTY also in bearish mode, this target can be easyly achievable.
If NIFTY supports MEGHMANI ORGANICS may break triangle upside and if it sustains above 200DMA, we can go for long. 200DMA slope is also upwards. had a good opportunity for specialty chemicals, however Dec-19 results shows decreased revenue and profit.
FII decreased stake.
PE is attractive at 4
PB is attractive at 1.1
looks like valuations are attractive.
ESSEL is falling from it's peak to it's support lelel, it has to close above 157 today otherwise it may fall upto 200DMA i.e. 138. 10% down from current levels.
MACD indicates downtrend
Today, Closed below 100 DMA and only above 200DMA.
RSI Oversold at 28.
This is making Higher highs on daily charts from Jan-2020, currently stock is near to it's resistance zone, either it could consolidate or rally further between this resistance and support levels, since stock has made a gapup near to its support zone, which may eventually retrace it. Support and resistance levels were mentioned in chart.
Could witness a Triangle breakout in ADANIPORTS which has a support at 360 levels, if it breaks upside it may reach 420 levels, if it breaks support it may endup testing 340, 320 and 300 levels. watch-out for clear breakout.
ADANIGAS is on upgrade on weekly and Monthly charts and continuously trading above 200DMA.
Daily MACD suggests uptrend.
RSI is above 60, indicates Bullishness.
Stock has broken recent highs with high volume, which is a sign for further rally.
Just closed below daily pivot points. it may consolidate at current levels before reaching 200 levels.
Target 200 is...
Triangle breakout opportunity in ASHOKLEY, if it breaks upside, we can see a rally, since stock is making HH and LL most probably it will bearkout upper side and eventually close above 200DMA which will indicate longterm uptrend