HDFC BANK seems ready to blast above 1500! Today's closing looks very strong which shows buyers are active now and ready to take it higher.. after posting good results recentl.. As per OI, 1500 is strong resistance, if it sustains above 1500 for at least 15 mins then huge short covering will get triggered! Probability is very high.. Bank nifty is also showing...
Script: Adani Ports Nifty50 Stock : YES Sector : Ports PE Value : 43 Results : Results published on 8th Aug, Revenue 12% up but earning/profit was 30% down. Previous quarter result earnings was also 30% down which doesn't look good. Financials to be checked to understand their expenses/investments. ATH (all time high) - 925 Adani ports is looking...
Script : PENIND Nifty50 Stock: NO Sector : ENGINEERING/MANUFECTURING PE Value : 13 Results : Net Sales at Rs 699.98 crore in June 2022 up 43.35% from Rs. 488.31 crore in June 2021. Quarterly Net Profit at Rs. 14.08 crore in June 2022 up 119.31% from Rs. 6.42 crore in June 2021. EBITDA stands at Rs. 56.05 crore in June 2022 up 39.85% from Rs. 40.08 crore in...
Script: MARUTI Nifty50 Stock: YES Sector: AUTO Results: Published on 27th July. Very Positive Result. Q1 EBITDA RUPEES 19B VS 8.21B (YOY). Q1 NET Profit Rupees 10.1B vs 4.4B(YOY). Profit more than doubles, revenue hits 51% higher NOTE: Ignore parallel channel! :-) MARUTI has posted a good Q1 result which should trigger breakout. It's started...
Script: BEL Nifty50 Stock: NO Sector: Defence & Aerospace Results: Published on 16th July. Very Positive Result. Q1 EBITDA RUPEES 5.22B VS 700M (YOY). Q1 CONS NET Profit Rupees 3.65B vs 243M (YOY) BEL seems to be breaking out a triangle pattern, although it'll face resistance at 247.50 - 250 (fib level + MAX call writing as per OI), sustaining above this...
Reliance have taken support from 2369..which was strong support on daily and weekly chart. On a higher side, RIL can touch 2640-2650 (channel Mid), then 2800-2864 and go up to 3000 (channel high). We can say RIL has taken reversal once it crosses 2600 and go long from there. RIL is strong fundamentally and also on a chart. It is moving in a parallel channel....
It appears that fall in ONGC will continue.. On 1st July, it was announced that taxes will be imposed on the export of petrol, diesel, and jet fuel shipped overseas by Indian companies. ONGC went down more than 15-17% within two trading sessions following this announcement. FYI- Reliance also saw more than 7-8% fall for the same reason. There is huge Crude sell...
Nifty is at the major support right now - 16k (12/07/2022). It's bearish below 16400 though. As per chart, nifty is moving in a downward channel, currently it appears that it's taken reversal/rejection from channel top and moving towards 15898 which is 0.5 fib level. It should take support from this level. Breaking 15900-898 will open up possibility of touching...
TCS result was less than estimated! TCS is fundamentally strong company but IT is looking weak for now (11/07/2022). TCS is moving in a channel. It has support at 3135, it should take pull back from there today (11th July 2022) and then should fall back after retracement. Next support is 3008 and I believe breakdown of 3135 will take it to 3008 which is also...
Buying Opportunity in Trent Q2 & Q3 net profit published and an interim dividend announced - looking Strong on chart as well! BUY if sustains above 1210.
GNFC - Looks strong on a chart. Already on breakout and closing above trendline. It has potential to hit 800 - 1200. Still buy at this price - with SL 625 or 660
Looking Bullish on a chart. Buying seen with high volume recently. Buy if sustains above 485 for targets 574, 718 and above. As per Daily and Weekly chart, it's been rejected from this zone multiple times. Above 200 EMA now. BUY @485 with SL 460 Multiple news supports Bulllish pattern ie. Interim Devidend, EU export boost due to Ukraine, Sales grows 8% in Feb