#RAIN This is the 4th attempt that stock is making to break the diagonal resistance. Should the stock clear resistance and sustain, I think it can give handsome returns in coming days/ months. Stock has been in consolidation mode since more than a year.
#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!
Keep an eye on #REDTAPE A confirmed breakout can give good returns in stock!
Stock made a new ATH after more than 6 years and today Stock is up >19%. Such stocks tend to go much higher. Anyone looking for a long-term investment, then this can be a good stock to add to long-term portfolio. If market gives a chance, can add to stock also at ₹100-₹110 levels. Also, this stock has been consistently giving dividends as well.
#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.
#PDMJEPAPER Stock is looking great again. Made a fresh ATH today after breaking out of a 434 days consolidation. I expect to see another 25-30% move in coming days/ weeks.
#CERA weekly candle closed bullish imo. Falling wedge right at support. I think if this support holds, there is a chance of another 20-30% move to the upside..
#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.
#RBLBANK RBL Bank Ltd has reclaimed a very important level on higher timeframe. We still have 4 days to close the week and then we can be sure about further analysis. However, for now this looks very good.
#LTTS L&T Technology Services as well looks amazing. Moving fast towards ATH and then sky is the limit. Breaking a crucial level today.
#WIPRO Wipro Ltd is breaking out of 567 days consolidation and this looks amazing too. Once weekly breakout is confirmed, this can move up nicely. Targets are dotted lines as plotted on charts.