subravi
Hindalco 656 is giving a pullback test. Volume pattern suggests bearishness. Below 640 we find will be bearish to drop down to 522 which could be considered for buying
HeroMotorCorp 4067 has given breakout from CUP and handle pattern .Volume is increasing. It is available at a discount 18.6 P/E of FY26 EPS 218.78 . It has 5 year fair price value of 21 P/E . So we expect HMC has potential to move to 4594
Nifty 24666 has given a descending triangle pattern in 1 hour chart and support at 24547. But the net volume is positively diverged. Which way Nifty will breakthrough. Nifty Has to sustain 24660 to break upside and 24577 to breakdown .. Let See how it unfolds..
Nifty 24567 is at M pattern neckline . Will it breakdown ? Let's see
Nifty 24590 15 min chart is showing dead cat bounce pattern. if resistance 24636 is sustained then could move down 200 points..
Cipla 1511 has given a good breakout with volume support. with 1465 as support we expect nit could move to 1600. On valuation it is trading at 24 P/E of its FY26 EPS of an average of 27 P/E which is 1671 that made us to believe it is available at discount.
Tata Motors 720 has given good breakout with volume. If sustains could move to 882. Currently trading at 7.4 P/E of its Fy26 EPS and available at a discount P/E of its 5 Year P/E 16 and sector P/E of 24.
Nifty 24924 has given breakout. Would it be turn out to be false ? 24650 will decide that. FII's has bought 283 contracts and have bought 30,337 calls and have sold 7,283 PUTS.
Tata Steel 142 has given breakout , Could it sustain or drop down to support 127.Resistance at 149.WE expect It would drop to support?
Reliance has resistance at 1463 and support at 1401 and 1370. In chart it has a round bottom with a sudden raise possibility to form a V Top pattern. We expect Reliance back to pavilion after hitting 1463
KPR Mill 1067 has given V shaped pattern, WE expect it will test 1170 in coming days. Reason for suggesting KPR mills 10 Years ROE at 22% Compounded Sales growth 10% & profit growth 19 % in last 10 years FII's have consistently increasing stake hold.
TCS 3440 has breakdown the trend channel. Based on valuation it is trading at 25.7 less than it 10 Years P/E of 26.7. FII's has reduced their stake to the lowest in 3 years while DII has added their stake. On Valuation base it is good for long term investment on technical basis and 32 P/E which is for target 4250 .
Gold 96535 is at crucial trend, M pattern and higher high resistances. We expect Gold will hit the resistance 97364 and drop down to 94078.
Silver 96740 has given a symmetrical pattern after breakdown and has completed Pullback test. Resistance at 98040. We expect Silver will be back in to its long term channel after testing resistance .
BNF 55304 Has breakout from round top pattern and is moving to its technical target of 56239. As FII's have started winding up contracts and profit booking we expect BNF will be moved to its technical target before reversing
VinatiOrganics 1621 is showing breakout on charts. Trading at 42 P/E and is healthy dividend payout among chemical sector we expect it could move to 1960. An investment could be considered with 1590 support.
Nifty 24008 has support at 23846 while trend decider is 24113 If breakout and sustained could move to 24360 FII's have negative holding in future contracts and 1 Lac PUT OI skew compare to Calls OI. Volatality is at 20 On the above facts We expect Nifty will be move down further .
SBIN 779 has given a Spring pattern for target 811. Positive volume comparatively more.