Possible breakout from falling wedge. Bank nifty trending on a regular channel at the lower end of it. Possible buying zone is 50250/300 with a view of 2-3weeks for 51000/-. Please note that these views are personal and not a recommendation to buy or sell.
A tata group company consolidating near to its averages. Rise in dependance on technology AI has made this company another reason to invest. Currently it is under valued in comparison to its peers. Likely to trace lows of 1575-1611. To resume upward trajectory for above 2000 levels in less than an year. Latest acquisition supports the business in a synergic...
Federal Bank is a low hanging fruit with low valuations. Consolidation has been completed and give breakout above 125. Sustaining above that and retesting 135levels. Avg accumulation between 125-135 is a reasonable range with limited down side. Potential upside nearly 200 in 3-4qtrs. More importantly fed bank IPO will have ofs of ~500cr which Federal Bank will...
Anticipating an extended bullish flag with on going consolidation. Supported with continuous drise in delivery rate. This may give 10-15% returns in a 2 month time frame. Being a adani group company it has high beta and may show high volatility. It not a recommendation to buy it's a narrative representation of chart pattern .
On short term chart shows reversal after a RSI divergence coupled with double bottom on hourly chart... increase upside scaling in a day or two. Buy on dips will be the strategy this ride. Next hurdle at 33825, 34300. Pls note these an analysis not a recommendation to buy. #dow #dji
Major positive deviation in RSI and ongoing consolidation around bottom level making it an investment for near term targets of 305-325-343 in 3-6months. Can evaluate to accumulate around these levels till 265-70 if it goes. Large volume deliveries also indicates a bottoming out phase.
Word of Caution - Technically there will be a mild pull back for 100-125points but nifty has not be able to give a close above 19400 decisively. Nifty on daily charts has made head and shoulder and trading below the neckline making lowere lows, Immediate downside can be seen at 19050... further extended to 18850-800 before sept monthly expiry. This will pave...
With recent acquisition of kurlon, sfl has boosted it's product profile. Mkt share nearly 60% with strong European presence and demand, this mkt leader will yield higher profits on economies of scale with higher volumessnd lowering input cost of TDI. Make it a suggested buy n accumulate till 1045-65 if available in correction. Potential upside 1250-1350-1475....
After long consolidation, breakout with volume was established and previous highs of 2018 nearly 320-25 were broken. After that price has been consolidating to current levels of 280-295. The price is taking continuous support on important moving averages and making it a suggested buy at levels around 270-80-90 if it test these levels for a upside of 320, 345,...
Series of higher high is in progress. Contracted RSI is showing a possible breakout on upside. Accumulation range 62-65 for a estimated upside of 72-74-79 likely by sept'23
After long consolidation, a bullish falg formation and closer to major moving averages makes its low risk recomdation for estimated returns of nearly 10-15% in short span. Best suggestive accumulation zone is near 850-60. Can go upto 1057-1194 in next 2qtrs.
On technical parameters a rounding bottom has formed also a handle sort of formation is premepted. A reasonable buy around 590-600 levels for immediate suggestive upside of 700-725-745 in next 2qtrs. RSI too has shown sign of upward momentum.
A cup and handle in formation. Seems about to complete it's consolidation in a month or so to go up around 2100$ -2485$-2875$ in next 5-6months. Accumulation zone near 1725-1750$
After major consolidation IT sector has started showing resilience to market movement. IT behmoth likes for TCS infy have started recovering and trying for bottom formation. With slight improvement in US economy may take IT in a sweet spot. Given the domestic economy is going good with increased export will add fuel to rally estimated in next 6-9months. To play...
DJAI after consolidation showing sign of trend reversal. A head and shoulder formation on dail chart shows a good chance for an upmove of nearly 2500-3000 points from 34500 expected breakout zone. With US mkt doing good may put our market on a little slow track with profit booking and some money moving out to invest in improving US economy battaling from slow...
Stock has shown good consolidation from last 1 ulyrs and made a base of 725-50. With book value of 500 it's a good buy at these levels also valuation have correct to a reasonable levels. With higher high formation and RSI trending up good buying levels or buy on dips near 770-80 if it comes will be a good approach. Targets will be 900 likely in a qtr. Thereafter...
After recent amendment in Gujarat based companies. The GNFC is having a lower PE of 6 against industry PE of 10, with book value of 585 hence at current market price of 600 it's trading equivalent to its book value with significant cash and cash equivalents. That's why they have given decent dividend as well. And in coming time say 9-12months there is a high...
After a decent run to 726 in sept'21 it has corrected and made a bottom around 240-50 in jul'22. Since than a good accumulation is going on and higher high kind of formation is in progress. Meanwhile there is a rumour of some family dispute among kalyani group management over family asset pool. Keeping that aside the chart structure is showing strength at lowere...