premchand142

premchand142

DALBHARAT showing reversal trend at 1805 and no longer in downtrend. Price closed above all the downtrend lins and looking for a fresh up move after a year correction. Theres a possibility it can go to 2050 if 1803 act as support.

premchand142

If price take supports at 900 then high chances for the trade to get reversal and break major downtrend line

premchand142

If price breaks the downtrend line then we can see a bullish momentum in the stock.

premchand142

If price re-test 43.50 , then it has potential up move of 20%.

premchand142

Quarterly results pulled the price down. Keeping it in watchlist whether it will break the trend line(dotted) or it will respect it.

premchand142

Price breaks 3450 then we can see upward momentum in the stock.

premchand142

If price moves above 2005, then we can think of building positions.

premchand142

Analysis: Left side structure shows a strong potential up move when ever it broke downtrend line. If price goes above 540 , I do see a potential up move. Even if it want to continue downtrend there is a min of 10% ROI on the trade. If it continues up move then it will give more than 30%.

premchand142

I can see 16% move from the price 796. Let's wait and watch this stock reaction on budget day.

premchand142 Updated 

After 6 months of downtrend, stock shows reversal to break the down trend channel. 606 price looks promising to buy this stock.

premchand142

Relaxo at 850 has high probability for reversal. 30% ROI is expected if you hold for next 6 months. For long term investment also it looks good.

premchand142

Relaxo at 850 has high probability for reversal. 30% ROI is expected if you hold for next 6 months. For long term investment also it looks good.

premchand142

Downtrend is finished and shaking week players by testing their patience before going for a take off. Entry price b/w 2300 to 2350 looks favourable. Lets wait and watch the play