sachinnagpal1982

sachinnagpal1982

Stock price made a double top pattern and took support near double top neckline and an upward trend line. If this support sustains then high chances that stock could do some consolidation and come back to previous highs, otherwise 2600-2700 levels are possible where stock price should settle down. Long term secular story hence keep on radar.

sachinnagpal1982

Stock price is taking support & consolidating since long near a key FIBO level. Daily closing above 520 can change this consolidation trend and open up levels towards 650 in short to medium term. Fundamentals are also good as Sula has a leadership position in wine industry, investing more in wine tourism and also improving operating margins along with revenue.

sachinnagpal1982

This stock is in long term uptrend. Reality sector itself is bullish. Chart is making symmetrical triangle pattern on daily charts. Breakout will move stock price towards 1900 in short term and 2200 in medium to long term. Traders can have daily closing below triangle or 1500 as a stop loss.

sachinnagpal1982

Stock price did nothing since long however financials have improved a lot. Available at attractive valuations and price is also trading in strong support zone. 305/345 looks achievable in short and medium term, also looks good to invest with 2-3 years time horizon because they are mainly into secured lending for SMEs/MSMEs and expanding business for cross selling.

sachinnagpal1982

A small rounding bottom is also visible with first higher low after a long time, indicating a base & reversal is in making. Technically it looks good as long as 1030-1050 level is hold on daily closing basis, 1120, 1177 and 1230 are technical targets. Keep a view of 2 to 3 quarters.

sachinnagpal1982

Ola electric took support from strong FIBO levels, Technically looks bullish as long as 104 is saved on daily closing basis. Fundamentally also there could be some buying around 100-104 levels. Keep and eye on this.

sachinnagpal1982 Updated 

160 is a strong support zone, potential to take support from this falling channel and give breakout from double bottom pattern after closing above 180 - Its next target would be 205 and 225. Above 225 a breakout from symmetrical triangle pattern will come with a pattern target of 440. Levels are mentioned on chart, its a simple chart and hopefully helpful. Thanks.

sachinnagpal1982

Great business, and looks now correction is almost over. Stock price took support from important Fibo levels, and a long term trend line on daily basis. Also, made a double bottom with clear RSI divergence, daily closing above 4050 will confirm the breakout from double bottom pattern. Immediate targets are 4400 and then 4800. People trading on technical basis can...

sachinnagpal1982

Stock is near long term support trend line, more correction will provide even better opportunity to invest. Levels are marked on chart. Fundamentally solid business as well.

sachinnagpal1982

MD said that inventory de-stocking is over and FY25 will be better than current. Closing above 1750-60 will confirm the trend reversal by breaking lower lows lower highs trend and also give a breakout from falling trend line. Next hurdle will be 2000-2100 levels in medium term.

sachinnagpal1982

One of the best Nifty 50 stock, need no fundamental introduction. Available at immediate support, daily closing above 830 will confirm double bottom breakout and then stock will be ready for 880+ targets. I would not prefer any stop loss in JSW steel and will build positions for 3-6 months if price falls howver a daily closing below 805 could be a desent stop loss...

sachinnagpal1982

Stock price is consolidating. Stock price was regularly making lower highs and lower lows, Weekly closing above 525 will confirm the first higher high and higher low which is a confirmation of trend reversal. Immediate hurdle is at 525 followed by 545. Weekly closing above 545 will also give a breakout from inverse head and shoulder pattern neckline and it will...

sachinnagpal1982

Nothing much to explain in this simple chart, regularly making higher highs and higher lows. Fundamentally available at 20 PE and mgt is confident to continuously grow 20-25% for next few years. Bull market is going on, PE rating of this business is inevitable. I am making investment positions in this stock and suggest to the same. Stock price has full potential...

sachinnagpal1982

I like this chart. Chart gave a breakout from cup and handle pattern, did complete retracement and regularly making rounding bottom patterns which is a sign of accumulation. Closing above 450 will open next levels of 570 and 700 in medium term. If someone wants to keep a small stop loss then cut this trade on weekly closing below 370. Weekly closing below 340 is a...

sachinnagpal1982

Technical idea of the week - Jubilant Ingrevia Mgt is confident on agri business recovery in H1 next year, in conversation with many national and international agri clients to serve long term contracts. Food & cosmetic section growth has been good, also trying to win new clients in pharma division to grow their presence. Input cost started decreasing, which will...

sachinnagpal1982

Technical idea of the week - Sona BLW Precision Forgings Limited Stock made a high of 840 and then a correction started till 400 levels, made a double bottom at 400 and then trying to make higher highs and higher lows after double bottom breakout. 600 seems like the first hurdle, breakout above 600 will also make inverse head and shoulder pattern. 540 is the...

sachinnagpal1982

technically looking good, potential to touch 540-550 levels, one can use closing below trend line or below 450 as a stop loss.

sachinnagpal1982

Thermax results were great in last quarter. Overall trend of thermax chart is upward, stock gave a breakout, made double top and now doing a full retracement to the last breakout levels. CMP to 2450 is a good buying range. Potential to give solid returns in 1-2 years time horizon.