yogeshwar

yogeshwar

Topic Statement: BPCL has declined in line with the broad market correction but is finding support at key retracement levels, offering an accumulation opportunity for investors. Key points: 1. The 50% retracement level is acting as a strong support. 2. The price is currently just above the 180-day moving average. 3. While the price may fall to the 61.8%...

yogeshwar

Topic Statement: NIFTY has corrected 13% from its highs of 26,277 and is now trading within a converging pattern, where a breakout will determine the market’s next major move. Key points: 1. The price is taking support on the long-term up trendline. 2. The price faces resistance as it approaches the short-term down trendline. 3. The two trendlines form a...

yogeshwar

Topic Statement: Tata Consumer has undergone a healthy correction while maintaining its position within a broad up-trending channel, offering clear opportunities for channel trading. Key points: 1. The stock is moving in a broad up-trending channel, making channel trading easy. 2. The stock receives heavy support when approaching or touching the 180-day...

yogeshwar

Topic Statement: Mahindra & Mahindra's stock is rangebound, presenting clear opportunities for channel trading amidst stable third-quarter performance. Key points: 1. The company reported a 21.7% profit growth in the third quarter. 2. The stock price is moving in a sideways channel, making channel trading straightforward. 3. Heavy resistance is observed...

yogeshwar

Topic Statement: Divi's Laboratories has shown resilience amidst the broad market correction, with stable price movements and potential for accumulation near the 180-day moving average. Key points: 1. Company reported a profit growth of 64% QoQ for the third quarter. 2. Price broke down from the up-trending channel, transitioning into a sideways pattern. ...

yogeshwar

Bharti Airtel stays resilient in a volatile market, driven by exceptional profit growth. Key points: 1. Company reported a stellar 461% QoQ profit growth for Q3, boosted by a one-time consolidation from Indus Towers. 2. Price has found heavy support at the 38.2% retracement level and faces strong resistance at the 23.6% level. 3. The stock may climb to 1778...

yogeshwar

Topic Statement: Asian Paints has faced a sharp decline due to weak third-quarter results, but strong support levels suggest a potential recovery ahead. Key Points: 1. The company reported a profit decline of 23.5% QoQ in the third quarter. 2. The stock price fell sharply, creating a gap after the earnings announcement. 3. The price is taking heavy...

yogeshwar

Topic Statement: ICICI Prudential Life Insurance has made a healthy correction, positioning itself near strong support levels within an up-trending channel. Key Points: 1. The company reported a robust 43% profit growth QoQ. 2. The price is moving in an up-trending channel, providing clear trading opportunities. 3. The stock is taking support at the lower...

yogeshwar

Topic Statement: Tata Motors has experienced a significant correction in recent months, approaching a crucial support level that could signal a potential turnaround. Key Points: 1. The stock has corrected to the 61.8% retracement level, suggesting strong support at the current price level. 2. The price is near the 180-day moving average, indicating oversold...

yogeshwar

Topic Statement: Persistent Systems is on a strong bull run, showing resilience to the market correction, with a wedge pattern signaling a potential breakout. Key Points: 1. The stock receives heavy support near the 180-day moving average, making it a good entry point. 2. Candlesticks are forming a wedge pattern, indicating a big directional move upon...

yogeshwar

Dixon Technologies (India) Ltd. has recently faced a heavy selling pressure triggered by the third quarter earnings results. The stock reported a whopping profit growth of 122% QoQ. Investors should monitor the stock's performance closely to identify optimal entry points. Key Points: 1. Uptrend Line Breach: The stock has broken below its established uptrend...

yogeshwar

Topic Statement: Wipro's recent strong quarterly performance has led to a significant surge in its stock price, indicating a potential bullish trend. Key Points: 1. The company reported a robust 24.6% QoQ profit growth for the third quarter. 2. The stock is trading in an up-trending channel, making channel trading convenient. 3. A double top pattern has...

yogeshwar

Topic Statement: HDFC Bank's 3% QoQ profit growth has been overshadowed by its oversold stock price, which is under the 180-day moving average but has found strong support at the 50% retracement level and the critical ₹1600 mark. Key Points: 1. Reported a profit growth of 3% QoQ. 2. Price has received decisive support at the 50% retracement level. 3. The...

yogeshwar

Topic Statement: Kotak Bank reported a solid 10% QoQ profit growth in Q3, sending its stock price soaring 9%, but the breakout from the down trending channel and the gap created raises concerns about a potential return to fill the gap. Key Points: 1. Reported profit growth of 10% QoQ. 2. Stock price jumped 9% post-earnings announcement. 3. Breakout from the down...

yogeshwar

Topic Statement: Despite posting healthy Q3 earnings with profit growth of 11.6% QoQ, INFY's stock experienced a significant decline, signaling potential further corrections. Key Points: 1. Stock dropped 6% after announcing Q3 earnings, creating a gap. 2. Candle broke the 23.6% retracement level. 3. Price may fall to the 38.2% retracement level, a previous...

yogeshwar

Topic Statement: HDFC Life has shown a strong recovery after posting a 14% QoQ growth in Q3 earnings, with the stock taking support at the 61.8% retracement level and breaking above its down trending channel, indicating a trend reversal. Key Points: 1. Company reported a 14% QoQ growth in 3rd-quarter earnings. 2. Price took heavy support at the 61.8% retracement...

yogeshwar

Topic Statement: HDFCAMC reported a stellar 30.8% QoQ growth for the third quarter, with its price correcting during the recent market downturn, now oversold as it approaches crucial support at 3600. Key Points: 1. Reported 30.8% QoQ growth for Q3. 2. Price corrected in the recent market downturn. 3.Trading under the 180-day moving average, making it oversold. 4....

yogeshwar

Topic Statement: HCLTECH is on a strong bull run, resilient to the recent market correction, with a healthy profit growth and price trading at its lifetime high within an up-trending channel. Key Points: 1. Company reported a 7.5% profit growth QoQ. 2. Price is moving in an up-trending channel, simplifying channel trading. 3. Trading at its lifetime high.