Swastik24

Swastik24

Price bounced at key support zone highlighted in green and RSI is showing strong bullish divergence on both daily & weekly TF. A greater degree wave 3 has started. Good to buy at CMP for the following targets: Short term swing target @ 670 (40% ROI) Medium term positional target @ 940 (96% ROI) Long term positional target @ 1075 (125% ROI) Fundamentally, it...

Swastik24

Price bounced at key support level and RSI showing moderate bullish divergence on daily TF. Expecting the price to make a leading diagonal pattern as highlighted, will update the chart later if any changes observed. Good to buy at CMP for the following targets: Medium term swing target @ 1270 (80% ROI) Long term positional target @ 1560 (120% ROI) Strong...

Swastik24

Price bounced near key support level and RSI is showing strong bullish divergence on daily & weekly TF. Good to buy at CMP for positional target of 440 (103% ROI) in medium term. Short term target should be around 300 (38.5% ROI). FIIs have increased their shareholdings aggressively and TTM sales & operating profit are highest ever in spite of margin...

Swastik24

The only undervalued breweries company in India with strong sales growth and big capex for further expansion, Net Profit got affected only due to margin pressure. Good to accumulate around 650-700 levels for the following targets. Medium Term Target @ 1290 (90% ROI) Long Term Target @ 1710 (150% ROI) Long Term Positional Target @ 2800 (300% ROI in 3-4 years...

Swastik24

Price is taking support near Anchored VWAP, which is at key support level. RSI is showing strong bullish divergence in daily & weekly TF. YoY growth figures will compel you to have it in your portfolio. Good to accumulate around 240-270 levels for the following targets Short term target @ 550 (110% ROI) Medium term target @ 1050 (300% ROI) Mandatory Stoploss...

Swastik24

Price is moving inside an ascending channel. The entire up move ABC wave is Primary wave W, price got rejected at the top of the channel. The pullback can be any waveform reaching the bottom of the channel near 265 level, will be wave X. Then the up move reaching somewhere around 405 level, will be wave Y. A nice 50% swing potential if bought near 265 level for a...

Swastik24

Price is moving sideways in a symmetrical triangle pattern. Good to accumulate for a target of 2500 level (approx. 80% upside from CMP). Fundamentally sound, no stop-loss needed. Do your own due diligence before taking any action. Peace!!

Swastik24

Pattern looks like price is moving inside an ascending channel but it is a rising wedge pattern of cycle degree (abcde) with each primary wave forming 3 wave formation (ABC). Good to buy around 1620 for a target of 3250 with SL at or below 1450. (Approx. 100% ROI) Stop loss is mandatory. Technically RSI is in highly oversold territory. Fundamentally company has...

Swastik24

Looks like primary Wave 2 is about to end and primary Wave 3 will start soon. Price has reached 61.8 Fib zone and showing strong bullish divergence with RSI on both daily & weekly TF. Good to accumulate around 1300-1350 levels for a target of 2300 in medium term. More than 70% upside potential from CMP. Stop loss optional according to your risk...

Swastik24

Price is moving inside a rising wedge pattern as highlighted in grey. It is a bearish pattern unless the price breaks out of the upper trendline. To keep it simple, buy when the price reaches near the lower trendline and sell when price reaches near the upper trendline. Around 65 % upside potential is there if bought near 155 level for a target of around 260...

Swastik24 Updated 

Price is going through complex correction since 15 months. Looks like primary WXY correction as labelled. Minimum target should be near previous high around 895 level. Once breakout happens, 1280 level will be its technical target as per the saucer pattern. Improving fundamentals. Almost debt free. New products added in collaboration with global players. Can...

Swastik24 Updated 

Upside break out of the triangle pattern will confirm it's final 5th wave move. Approx. 40% short term target is based on Pole with Flag pattern. Good to buy around 250 level for a target of 350+ in short term. Mandatory SL @ 237 A good 7.2:1 R:R setup. Fundamentals are good. Do your own due diligence before taking any action. Peace!!

Swastik24 Updated 

Everything is same except the sub waves of Wave 3, which is corrected for its degree from minor to intermediate. It is currently undergoing Wave 4 correction. Support is around 20860 level which is also at 38.6% Fib level and key support level as highlighted in green dashed line. Minimum target for Wave 5 can be around 23000 level, can go higher only if upside...

Swastik24 Updated 

It is currently undergoing Wave 4 correction. Support is around 20860 level which is also at 38.6% Fib level and key support level as highlighted in green dashed line. Minimum target for Wave 5 can be around 23000 level, can go higher only if upside break out happens. Maximum target can be 25400 level. Wave 5 is more likely to be extended as Wave 1 & Wave 3 are of...

Swastik24

Price is undergoing expanded flat correction. Good to accumulate around 1200-1300 levels for a target of around 2600 in medium to long term. Price is heading towards pre covid levels while the revenue & net profit have almost doubled. Do your own due diligence before taking any action. Peace!!

Swastik24

A nice cup with handle pattern is in play. It is best to buy at the bottom of the handle to minimize the drawdown and maximize the reward to risk ratio. The broader view shows, the price is moving in an ascending channel pattern. Currently price is ranging near 600 which is also at 200 days MA & bottom line of ascending channel. Strong bullish divergences observed...

Swastik24

It is the 2nd largest Indian manufacturer of gelatin capsules with almost three decades of experience in the industry. NCL is geared to bring about monumental changes in its approach towards its business. With the ongoing CAPEX, the Company is enabling itself to become the market leader in capsules business and positioning itself as a dominant player in the...

Swastik24

Chart is self explanatory. Borrowings seem concerning initially but those are lease liabilities. Fundamentally overvalued but turnaround potential is there. India's second largest pharmacy retailer with 4089 stores and expanding. Do your own due diligence before taking any action. Peace!!