tanrakesh

tanrakesh

moil is giving today monthly breakout buy for a target of 240 ,280-300 .Company sales have been rising and more then 40% in month of july next quarterly results are going to be fantastic. buy with a small stoploss

tanrakesh

If comes below 2475 again then as per head and shoulder pattern it should go down to 2325 level. Be careful as we might either break trend line on upside but below 2475 bearish.

tanrakesh

Taking support at trend line buy for a higher target of 1690-1707 if crosses 1740 then inverse head and shoulder formation on hourly chart and go much higher target of 1900 for 3rd wave

tanrakesh

on hourly chart making a breakout of inverse head and shoulder pattern buy for a minimum trg of 248 ..as will be crossing long term resistance of 235 target for 3rd wave can be 260-280 level.

tanrakesh

after forming inverse Head and shoulder pattern share broke out of trend line looking for minimum 460, 540 trg

tanrakesh

EPS of rs 10 book value rs 91 . crude prices have been down for june qtr, expended capacity to be coming up in next 3 to 4 month time , company debt free and expended capacity from internal accrual. buy once breakout above 80 will show real power. Accumulate for long and target of above 150

tanrakesh

Presently in 3rd wave having a minimum trg of 201 and above it 224,248 if sustain above it likely to crosses previous high as bonus candidate due to high book value and dividend of rs 9.10 is icing on the cake

tanrakesh

for short term bounce can buy at present level of rs 46-47 AND SELL NEAR TO 51-52 LEVEL or can buy near to 42 level of 4th WAVE. expected. 5th wave target is near to 65 to 70 .once this 4th wave ends it would be easy to determine 5th wave target. company is expected to make a move for capital as funds are required for ongoing expansion of MISSILES and DRONE...

tanrakesh

Waiting for breakout once crosses 605-8 level you will see sharp rally and target of 965 minimum

tanrakesh

after 5 wave ended at 880 level and advised everyone to sell and buy IFGL AT 220-250 Level. In RHIM we are heading toward 580 level and end of C wave their . can buy once it touches 580 level approx

tanrakesh

ADSL after breakout in weekly chart now in second wave buy/accumulate with a small stop loss of 83 for a target of 134, 167 and 199 hold for higher profit it is a long term buy candidate.

tanrakesh

though price is making new high but it looks that not easy for price to cross this 167 to 173 barrier and trade in the direction of breakout/breakdown as MACD is showing profit booking but if prices this week do not go below 167 we might see breakout for higher level.All target of 3rd wave are marked 189 & 199. As annual result for march23 ending showing EPS of...

tanrakesh Updated 

Is in corrective 4 th wave and can correct again till 125 level, before 31st May once breakout of contracting triangle happens you will see that 5th wave will begin and targets as marked 246,279,321 or 442 .Accumulate as result have been fantastic book value 161. EPS 12.74. comming going for rear earth mineral in gujarat.

tanrakesh

after good result and rallying for continuously for last few days we are now near to our target zone of 84-88.75 .one can book some profit here as likely target as per fibo ext of 3rd wave con sides in this range.

tanrakesh

took support at 1100 today breakout channel support area likely to see buying and take the price to about 1165 area.

tanrakesh Updated 

as per elliot wave on monthly chart we are heading towards 540 level. Macd is about to give sell signal. Stocastic divergence has already generated sell signal.

tanrakesh

On weekly chart making higher high and higher low.Near to long term support.company fundamentally is zero debt high promoter holding of 74%, EPS annual of 19.56 dividend yield of 2.76% and PE of 12.76. It can be considered for portfolio building and accumulation has a reasonable fair value of 350.

tanrakesh

it is near to long term support of trend line . once crosses 70 level will show buying interest and has a target of 85-86 level. Accumulate on every dip and add in your porfolio as it has EPS of 5.83 and yield of 2.69 P.E is also 11.50 . Low cost pharma company with good track record.