#BajFinance has been consolidating in this channel since Sep’21 IF and when this breaks, it will be a decisive move and can set the trend for next few months. Mark these levels on your chart so that you do not miss the breakout!
#EPL At higher timeframe horizontal + Diagonal support. Also, on lower timeframe the market structure has changed to bullish. + Fib supports this pullback + bounce! All in all a good bet for about 20% upside. Let’s see!
#MFSL Max Financial Services Ltd. looks good for more upside. Reclaimed a very important S/R zone (orange); Currently at Golden fib zone. Also, Insurance sector overall seems to be gaining momentum. Expecting an upside of about 20-30% in coming weeks/ months.
#HISARMETAL Another company stock which supports in Infrastructure development. I will plan to buy this soon for long-term hold. Market cap of just around ₹115Crores. From Technical perspective: Stock has been forming a nice break and looks ready for breakout! From Fundamental perspective: - The company has shown a good profit growth of 40.96% for the Past 3...
Page Industries the company which sells undergarments and other clothes under its brand name Jockey is 33% down from its all time high. As Bharat is developing and the aspirations of all our brothers and sisters are increasing premium brands like Page Industries will gain a premium in their prices too. It can be a good buy for long term investing.
#ICICIGI “ICICI Lombard General Insurance Co Ltd” - Stock is in an uptrend inside this parallel channel. Also breaking out of the diagonal trendline. I think a pullback towards buy zone as in chart can give good potential returns. Long-term target zone also on chart.
#NATIONALUM Stock had it’s first weekly close above the resistance zone; also poised to close 1st month candle above this resistance zone. Stock is breaking out after 16 years - Definitely bullish imo!
#MANINDS is due for a pullback and is at a major resistance imo. It has been going up straight and looks over-extended to me. A pullback is due. If you have made good money in this stock, I think now is the time to take some profit off the table.
#Banknifty Higher timeframe Update There are 2 zones that I am eyeing for potential botton. 1) 45800-46300: This is a breakout zone and Banknifty has already tapped it. We can see some consolidation in this zone before any major move either side. 2) 44950-45490: Big gap pending zone. Market rarely leaves such gaps/ inefficiencies open. If this is mitigated, it...
#IKIO Bought some IKIO Lightings Ltd shares @₹324.15/- Stock available at a discount of >17% from stock listing price in Jun’23 Small-Cap Company has good fundamentals; can give good returns. I would be worried only if stock breaks recent lows, else relaxed on this one.
#VASCONEQ Another small cap stock with good fundamentals and good technicals. Has reclaimed a very important S/R zone on higher timeframe. Some quantity can be bought at current levels because of breakout on daily timeframe. Also, In my opinion, ₹59-₹71 zone is a good zone for accumulation if market gives a chance. I see another 50-60% upside as first target...
#BALAMINES Beautiful breakout in Balaji Amines Ltd. ₹2470-₹2450 zone will be a nice level to buy if there is correction. Can target 50-60% returns after entry zone is tapped!
I expect another 35-45% on this stock. If there is a correction, ₹155-₹165 is a good level to add to buys. Any move below ₹140 would make us worry, however it has less chances as I see on chart.
#WSTCSTPAPR / West Coast Paper Mills Ltd Looks amazing at current levels. Paper stocks were in focus few months back and should be back in focus soon I believe. Technical and Fundamentals of these stocks are good. Stock was in consolidation mode for 1 year before the breakout and now retesting previous ATH levels. I'll be looking to buy this on Monday as soon...
Jio Fin Services Ltd has been forming a nice rounding structure indicating that it has more upside left once it breaks-out. Once this breakout, it can give 25-30% returns.
A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift. The target in this case is the size of the cup. The only problem that I see here is that a Cup & Handle is a continuation pattern! But, here, we're looking for a reversal!
Price is consolidating between 100-ema and 200-ema! Perfect entry in my opinion is here only for upside levels! Long in it!
Your views on this ?? Anyone Bharat Petroleum Corporation Limited (BPCL) is an Indian public sector undertaking under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. It operates three refineries in Bina, Kochi and Mumbai. Only for educational purposes.