NSE:GARFIBRES has given a breakout on weekly time frame and the company looks in a good spot to buy with a stop loss at 4000. It has been correcting for a very long time and finally we can see some momentum coming back here.
NSE:ORIANA is consolidating and waiting to go up on the smallest of trigger. Being in the SME category we can expect sharp moves and increased volatility in this stock.
NSE:SBCL is attempting a weekly chart structure breakout. A breakout above current levels would see it go uninterrupted to its previous high and from there we can keep that level as stop loss and simply trail. Very clean chart structure.
Nifty has confirmed a correction in its chart structure with a Lower Top formation. This calls for caution while investing/trading in the market. Keep your Stop Losses at 16,700 and then a strict stop loss at 16,000.
This week we look at Route Mobile for targets of Rs.1925 as it gets ready to come out of a triangle pattern. The Stop Loss is going to be your your lower line in the triangle. Route Mobile is a CPaaS player and is one of the best in terms of finacial numbers in the industry. A stock analysis for the same was also made on my YouTube Channel. Good company.
The whole metal sector is running and Steel is a big beneficairy right now. prices are not coming down and we can expect further upside from this counter. Keep a Stop Loss at Rs.1100
Neogen Chemicals is in a good channel. Let's see when and how it breaks it. I'm sitting on the bullish side with this one. Some people might also call it Darvas Box.
A proper triangle pattern breakout in Hinduja Global Solutions has taken place. The stop loss will be the line in black (resistance line that was broken). Sky is the limit as the stock is trading at All Time High.
This week we are looking at CRISIL Limited. The chart is quite self explanatory and the support line is drawn on the chart. The stock is in good buying zone currently.
The chat structure of Vinati Organics looks good. It has definitely formed its trend lines. Keep a close watch for either side of the trade. Q3 FY21 numbers continue to show weakness. Let's hope that the company can see some revival in demand soon.