MOIL operates in the segment of Manganese Ore Production, largest producer of Manganese ore in India, healthy accumulation & volume supported Breakout of range, can expect targets of 190 in the short term.
ARABIAN INTERNET & COMM CO Looks very good on the chart, very strong uptrend as it has given a breakout of the parallel channel, also the follow up candle formed is very strong as well. Technically we can achieve higher targets, but downside is limited as the company operates in IT sector.
On the Hourly chart, Nifty seems to be getting ready to take a breather from the recent rally, It also resembles a rounding top or a double top, but on the shorter time frames, which also gives it lower credibility. The uptrend seems to be intact for now, but the price action opens some possibility for a small retracement or a consolidation.
Emudhra is in a constant uptrend, definitely recommend buying the stock & holding it. It has given a strong breakout with volume out of the descending channel, has sustained well above the same. After hitting a new ATH, it took a breather, now started to move up again.
RPEL manufactures silica ramming mass & exports to 36 countries. High growth of 20% topline & Profitability. Has formed ascending triangle pattern, breakout as well, recently announced 1:1 Bonus. The retracement presents a good opportunity to accumulate for the long term. Ashish Kacholia & Rekha Jhunjhunwala & Utpal H Seth (RARE Enterprises) hold stake in this small cap.
CAPEX ANNOUNCED - ROUNDING BOTTOM ON WEEKLY - ENTERING NEW BUSINESS VERTICALS. Stock is in uptrend, has taken resistance at the marked level on chart, if broken decisively, can hit new ATH note - this is a cyclical commodity small cap stock, please do your own due diligence and risk analysis.
RPEL has taken support at 0.5 Fib level around 800, spent a good time around the same area with good volume, has recovered well enough, in my opinion, there is a good probability of the stock hitting a new ATH. RPEL has increased its production capacity, provided steady growth of their quarterly earnings, with their operating profit margin expanding.
BTC has been unable to hold the retest the retracement trendline, which it broke earlier and rallied. BTC has also been unable to hold the fib level 61.8, which is also a bearish indicator. Being cautious is the away to go forward, will wait for direction in the market.
BNB looks good to accumulate and hold, it has been providing good corrections/pullbacks which have been brought about by regulatory concerns. Currently it looks like it has consolidated in a range and will make a move soon.
IndiaBulls has formed an ascending triangle on a daily chart. It also has been reacting to important support level. It could be a good stock to add for a swing as the housing finance industry is bound to recover soon.
IndiaBulls Housing Finance has formed ascending triangle on daily chart. It is also showing some signs of taking support at a previous demand point, which makes a good statement to go long.
BTC has formed a symmetrical triangle on the 4H chart, its also moving in a parallel channel. Important price levels have been mentioned in the chart. The recent trend is bullish, also the recent support has acted well, expecting a breakout on the upside, but i am waiting for direction in the market.
NMDC is retracing, we have crucial supports, should some resilience to the bearish support, consolidate, spend some time int this area before moving anywhere.
Judging by the price action of Affle, it seems like as it has consolidated in a downtrending channel, it seems to make an attempt for an upside breakout, it would be ideal to wait for a confirmation candle and go long in Affle. All important levels havebeen mentioned in the chart.
It seems like BTT has been trading sideways, a period of accumulation, the price is taking support around 0.0062. Its a good long term investment, expecting a good upside momentum by the end of this month.
Uptrend & sideways consolidation is seen. Ascending demand zone, supporting the trendline, wait for entry above or below the levels spotted on the chart.