manuagarwal21

manuagarwal21 May 27, 2024

Another stock that came on my radar is Bata India. Currently 42 % from its highs. It's at the level, from where it has seen a good run in the past and we might likely see that run again in the coming time. For me, it's not a portfolio stock, however, a position play can be taken, considering the stock trading at a good support level, hence risk reward would be...

manuagarwal21 May 27, 2024

PO Price: 542-570 Issue Size: 4275 Crores ( 7.5 crore shares) Lot Size: 26 Listed: 755 ( Premium listing - 32.4 % gain ) Closing on Listing Date: Closed in positive @ 813 with good gain of 7.6%) Listing Day Candle: long Range Bull Candle ( open low same) Listing Day Volume: 5.3 crore Listing day open and low PRICE would act as a support in immediate...

manuagarwal21 May 22, 2024

IPO Price: 395-415 Issue Size: 649.47 Crore ( 1.6 crore shares) Lot Size: 33 Listed: 621 ( Premium listing - 49.6 % gain ) Closing on Listing Date: Closed in positive @ 712 with good loss of 14.65%) Listing Day Candle: long Range Bull Candle ( open low same) Listing Day Volume: 2.1 crore Listing day open and low PRICE would act as a support in immediate...

manuagarwal21 May 21, 2024

IPO Price: 430 - 452 Issue Size: 1081.76 Crore ( 4.07 crore shares) Lot Size: 33 Listed: 655 ( Premium listing - 45% gain :) ) Closing on Listing Date: Closed in Negative @ 570 with good loss of 19.5%) Listing Day Candle: long Range Bear Candle Listing Day Volume: 3.5 crore Listing day open and high PRICE would act as a resistance in immediate future. Support...

manuagarwal21 May 21, 2024

IPO Price: 920 Issue Size: 1150 Crore ( 1.68 crore shares) Lot Size: 16 Listed: 1426 ( Premium listing - 55% gain :) ) Closing on Listing Date: Closed in Negative @ 1406 minor loss of 1.4%) Listing Day Candle: long Range Spinning Candle Listing Day Volume: 1.2 crore Listing day open and low PRICE would act as a support in immediate future. Support Range: 1426...

manuagarwal21 May 20, 2024

IPO Price: 315 Issue Size: 3000 Crore Lot Size: 47 Listed: 315 ( Flat listing) Closing on Listing Date: Closed in Positive@ 329( minor gain of 4.4%) Listing Day Candle: Spinning Candle Listing Day Volume: 7.1 Crore IPO price and Listing day low PRICE would act as a support in immediate future. Support Range: 292-315 ( 7.3%)

manuagarwal21 Oct 5, 2023

As Expected ( Please refer to the linked post) Nifty opens with an up gap at 19521, which is near immediate resistance i.e. 19544-19550. Since it was a gap-up opening of approximately 100 points and near resistance, creating new long positions immediately makes no sense. Why was I expecting a Gap-up opening today? 1. Prices bounced twice from the support area...

manuagarwal21 Oct 4, 2023

Nifty opens with a down gap at 19446 vs. the previous close at 19528, approx 80 points lower. Lost another 50 points post opening in the first hour and tested immediate support at 19392. Took or you say tried to hold the support in the next hour though couldn't sustain in the following trading hours and fell further until the next support at 19331. Then again...

manuagarwal21 Oct 3, 2023

Hinduniliver is at multi-support level. This is the level where it took support multiple times in the past and bounced from it. Considering the previous price action, chances are that prices might bounce from these levels again. Hence with a small stop loss, a long trade can be taken in this stock. I have drawn a downsloping trendline along the previous peaks,...

manuagarwal21 Oct 1, 2023

I identified this stock as a probable candidate for a breakout trade (Refer to the previous post linked here) And we did see a breakout and run up to 540-550 levels. Now the stock has come back to the breakout level, the previous resistance area which now would serve as a support area( 455-463) and this week a hammer-like candle is also formed in the support...

manuagarwal21 Aug 6, 2023

Another Breakout stock that came on my radar is Sapphire Foods India Ltd This stock has been consolidating in a range since its listing. The consolidation is happening in an ascending triangle. Currently, the stock is trading near the resistance in a small range of approx 12 % from the past 9 weeks, suggesting there's is a high chance of a breakout this...

manuagarwal21 Jul 27, 2023

HP ADHESIVES is a stock that can be another great positional pick considering the great risk-reward ratio it is offering right now. The reason I picked this stock is that, it has been consolidating for the past 8 weeks in a tight range of approx 8-10%. And this consolidation is happening at previous resistance around 410-460 levels, where the stock took...

manuagarwal21 Jul 12, 2023

In the Latest, ease my Trip has been seen taking support around 40 levels twice in the past few months. First in the month of March 2023, and second in July 2023. Now, if it sustains above 40 levels, it is most likely to move towards 55 levels in the coming months. Immediate weekly resistance is around 48 levels.

manuagarwal21 Jul 12, 2023

We have seen a remarkable rally in Zomato Ltd in the past few months from 45 levels to 75 levels, that's a whopping 81% gain in a span of about six months only. Well, the stock doesn't seem to stop here and has the potential to give another 70-80% gain in another 6-8 months' time, if sustains above 69-70 levels. It can be a great risk to reward positional trade...

manuagarwal21 Jun 28, 2023

HDFCLIFE Ltd is trading in an up-sloping channel, and within this channel, there is a probability of a Shark Pattern, which if unfolds can take stock towards 800- 840 levels in the coming weeks and months. Can't comment on how smooth is movement is going to be, but any dip in the stock would be an opportunity to go long in the stock, as long as the stock is...

manuagarwal21 Jun 28, 2023

There is a formation of Bat Pattern on the hourly chart of Reliance Industries Ltd. Support zone: 2478-2490 Sustaining the support zone, the stock is likely to move towards 2540 to 2600 in the coming trading sessions. Higher Timeframes also look promising.

manuagarwal21 Jun 21, 2023

The stock has finally managed to move and sustain above 600 levels, which it was struggling to cross for the past many months. Weekly closing above 620 levels would suggest further upside in the stock up to 750 and 850 levels in the coming months. Any dip in the stock would be an opportunity in the stock to go long or add further to your long...

manuagarwal21 May 21, 2023

We have seen about a 40% fall from its all-time high in Infosys Ltd. Currently Stock is trading at .50 Fibonacci support i.e. 1230, which is coincided with a price action support at 1250. Hence we have a support band from 1230-1250. Stock can be a very good value buy at the current level for long-term investment purposes.