Happy_Candles_Investment

Happy_Candles_Investment

Nifty has today not respected 2 key supports that are daily Mother line support and Mid-Channel support. After making a high of 25485 Nifty closed at 25014 which is just below Mother line 50 days EMA at 25065. The candle is very weak and Nifty already looking as if in the tight grip of bears and there was massive selling at upper levels. However today's low seems...

Happy_Candles_Investment

The parallel channel tops will always be difficult to conquer. Children staying abroad and in far away places coming to meet mother and father once is a while is always a sign of a healthy family. Nifty coming to meet the mother and sometimes the father on daily chart is always a healthy sign. The reasons can be any: 1) SEBI change in rules. 2) Conflict between...

Happy_Candles_Investment

The parallel channel tops will always be difficult to conquer. Children staying abroad and in far away places coming to meet mother and father once is a while is always a sign of a healthy family. Nifty coming to meet the mother and sometimes the father on daily chart is always a healthy sign. The reasons can be any: 1) SEBI change in rules. 2) Conflict between...

Happy_Candles_Investment

Nifty trapped and delicately placed between critical support and resistance. It is also facing a trendline resistance. More than these two factors the situation in the Middle East is also very delicate. Anything can happen at any point in time. Technical indicators are indicating a breakout or breakdown on either side with minute possibility of further...

Happy_Candles_Investment

Sanofi India Ltd. engages in the manufacturing and distribution of pharmaceutical drugs. It focuses on the following therapeutic areas: diabetes, cardiology, consumer healthcare, hospitals, central nervous system, and antihistamines. Sanofi India Ltd. CMP is 7048.85. The positive aspects of the company are Company with No Debt, Company with Zero Promoter Pledge,...

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L.G. Balakrishnan and Bros Ltd. engages in the manufacture and trade of automotive parts and equipment. It operates through the segments Transmission and Metal Forming. The Transmission segment produces chains, sprockets, tensioners, belts and brake shoes. The Metal Forming segment includes fine blanking, machined components, and wire drawing products. L.G....

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After reaching a new pinnacle Nifty took a dip searching for substantial support. The Nifty which was overbought was looking for some consolidation. FIIs were mainly on the selling side. Sharp declines can correct RSI a lot like we witnessed today. The supports for Nifty now remain at 25794 (Important support level) which can allow Nifty to make a come back right...

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C.E. Info Systems Ltd. or Map My India engages in the provision of digital map data, navigation, and tracking services. It offers GPS navigation devices, GPS navigation software products, store locators, vehicle tracking products, APIs for Internet or wireless LBS applications, print and digital maps, decision support systems, and utilities products. The firm also...

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Atul Ltd. engages in the manufacture and marketing of chemical products. It operates through the following segments: Life Science Chemicals, Performance and Other Chemicals, and Others. The Life Science Chemicals segment consists of active pharmaceutical ingredients (API), API intermediates, fungicides, and herbicides. The Performance and Other Chemicals segment...

Happy_Candles_Investment

Nifty hit the channel top and reversed in the parallel channel drawn on hourly chart.Swift move towards large caps which are undervalued or valued fairly should also be an investor friendly approach. It is very difficult and challenging to find undervalued or even fairly valued stocks in current market situation. Thus it is imperative to keep your stop losses and...

Happy_Candles_Investment

Nifty again after making a new high ended in negative today. Main reason for nifty ending in negative can be attributed to channel top resistance. RSI (Relative strength Index) reached over heated zone and peaked above 80 showing the market was overheated, this was the second reason of Nifty ended in red of Friday after a fantastic weak. RSI of monthly and...

Happy_Candles_Investment

Nifty again had a breathless run today and closed at 26216 after making a new all time high of 26250. the scope of growing further looks limited but with lot of large caps picking up pace and rotation from mid cap and small cap stocks towards large caps is helping the Nifty move further. FIIs and DIIs are both on a buying again probably indicating a move towards...

Happy_Candles_Investment

Three things can happen from here which usually happen when a new milestone is hit. Either Nifty can consolidate for a while, Either it can test supports till it find it's feet or it can fly ahead further. We should be prepared for either of the three happening. The best way for doing it is look forward to get new highs with feet on the ground. Feet on the ground...

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Restaurant Brands Asia Ltd. engages in the management of restaurants. It offers burgers, breakfast, cravers, beverages, and desserts. Restaurant Brands Asia Ltd. CMP is 112.99. The positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge, MFs increased their shareholding last quarter, Strong cash generating ability from core...

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Canara Bank engages in the provision of commercial banking and financial services. It operates through the following segments: Treasury, Corporate or Wholesale Banking, Retail Banking, and Other Banking Business. Canara Bank CMP is 109.30. The positive aspects of the company are cheap Valuation (P.E. = 6.3), Company with Zero Promoter Pledge, Mutual Funds...

Happy_Candles_Investment

Nifty starting to enter the overheated zone. May not be overbought as of now but certainly it is close to that. Right from here or after going a little higher, Nifty can take a plunge in search of the immediate support or bottom. For now, the resistances for Nifty are at Today's high of 25956. Post That Nifty can face resistances at 26071, 26204 and 26432....

Happy_Candles_Investment

Trend line has given support to PSU bank index. Father line has given support to PSU bank index. If mother line gives support later this week. They can have a huge upside in the range of 10 to 40% depending on individual banks and their fundamentals.Things are looking ominous. Mother Line Breakout (Mother's Blessing/Ashirwaad can happen later this week.) To know...

Happy_Candles_Investment

With lot of large caps picking up pace and delivering this week, Nifty has broke a lot of shackles and had a free run specially on Friday. Can it gallop further is the question. Nifty certainly can as large caps are acting up to the task. Companies like M&M, Kotak Mahindra, HDFC Bank, Bajaj Twins and even Maruti Suzuki and lot of other large caps are supporting...