sabegum1297

sabegum1297

Hello Community! IREDA reported strong results with 38% increase in sales and 36% sales in profit. The result is already factored in the market as the price went up sharply. Now the price has come down 50%. Despite this fall, there are no significant red volume bars observed. This suggests that there is not much of selling pressure. In the weekly chart, higher...

sabegum1297

LATENTVIEW has reported a 34% rise in Y-o-Y Sales and 17% rise in Y-o-Y Profits. PRICE ACTION: WEEKLY: Stock is trading within a range. DAILY: Stock has broken out of a downward trendline. RATIONALE: The good quarterly results might act as trigger point in pushing the price up to the previous resistance. Not much of selling pressure is seen in the red candles....

sabegum1297

NMDC presents a potential trade opportunity and the rationale is as follows. 1) Price broke out of the descending trendline with good volumes. 2) Price consolidated for 12 trading sessions near the previous resistance and has given a breakout with good volumes. We can target for a 4%, 8% and 12% with an initial small risk of 4% (trailing stoploss to be followed...