Kunal_TA

Kunal_TA Updated 

Action construction Equipment(ACE) gave a breakout with good volume after consolidating for almost 1.5 years in a price range after a good run up. The script has given a pullback to the support levels of the Darvas box and nice thing is the pullback is with low volume which adds confidence. Looking at the graph the script can easily reach 400 levels with stop loss...

Kunal_TA Updated 

Kec International is a good techno funda pick for Budget 2023. Looking at charts we see a nice broadening base pattern + Darvas box consolidation + Volatility contraction pattern where its breaking out from down sloping line + If we see 50DMA ( red )is crossing 200DMA(golden yellow) and the trend is upside with momentum picking up in stock. This stock has not...

Kunal_TA Updated 

In this script we see a nice base formation on the chart marked in green box near bottom of the chart. Along with base formation , we see that the script is forming Higher Highs and Higher lows on the chart and also the breakout of the accumulation zone ( base ) is visible. The volumes on the chart with upmove shows strength. Here we can calculate height of the...

Kunal_TA

Hi All, Greetings of the day! Technical view: Last couple of days market is showing some profit booking but this script is showing strength which adds confidence that its with strong hands. The script has been forming base since April 2022 and today has formed inverse head and shoulders on weekly charts as shared. The script is forming higher high higher lows...

Kunal_TA Updated 

This script is showing VCP pattern which is discussed by Mark Minervini . This is also forming inverse head and shoulders bullish pattern. The volumes in up moves are high showing script is going in strong hands. I have marked the targets in the chart. Risk reward is favourable to enter near 480 levels.

Kunal_TA Updated 

Hi All, One of the looked up sector to invest in Indian market is the real estate sector. One of the leaders in this segment is Prestige estate. Real estate sector is on revival after almost 10-15 years in India. Fundamentally topline and bottom line is improving and will continue in time as the expectations. Technically, the chart was in range bound move for...

Kunal_TA Updated 

Public sector enterprises , that is the government companies in India are showing strength and value buying last year or two. The mindset/trust of investors and traders is gaining in these companies. But we need to ensure that the fundamentals and technicals are respected. One such company following the above criteria is 'Engineers India' . This script is near 14...

Kunal_TA Updated 

In this script we see nice Inverse head and shoulders pattern, Flag and pole patterns. The retracement or pull back or profit booking took the stock back to 38.2 levels in Fibonacci retracement. As script has revered from 38.2 levels its considered as a shallow correction. Any up move after the breakout is sharp and can help in achieving targets faster. As per...

Kunal_TA Updated 

Hi All, Hope you are doing well :) A bullish saucer pattern is observed in on of the leading stocks in Textile sector ie: KPR mills. More on Saucer patterns in the link below: www.oreilly.com The volumes are supporting the up-move which is a good indication. . The base formation in range of 500 to 650 for almost 1 year+ gives an indication of accumulation and...

Kunal_TA Updated 

Hi, Banking & Finance sector is doing well in India and is expected to continue performing. This gem is available at PE below 15 and is showing signs of accumulation in range of 400-500 since mid 2022. Based on volume on today's price action and breakout from downward sloping line , the script is expected to gain momentum and break all time highs soon. The stop...

Kunal_TA Updated 

In Praj industries we see that long term trend is uptrend. The script was under consolidation/ accumulation for almost a year. The consolidation was in a range/box Darvas box and the script is coming out of consolidation with high volume and its a potential candidate for a BUY.

Kunal_TA Updated 

Orient paper is showing strength by entering into all time high levels. The price movement is supported by volume which is most important. The price has consolidated nicely in the zone of 35-50 levels for almost 1 year now. This consolidation near all time high level zone gives additional confidence and price getting support and is ready to move higher. The moving...

Kunal_TA

Hi, Greetings of the day! One of the looked up sector to invest in Indian market is the real estate sector. One of the leaders in this segment under small cap universe is Sunteck realty ltd. Real estate sector is on revival after almost 10-15 years in India. Technically, the chart has formed double bottom on daily chart and is consolidating near breakout region...

Kunal_TA Updated 

Ibullhousing finance has formed double bottom on weekly charts. The volumes are supporting the upmove which is a good indication. Some positive news based developments are also happening in the script. The base formation in range of 90 to 150 for almost 1 year+ gives an indication of accumulation and script is in strong hands Housing finance stocks are showing...

Kunal_TA Updated 

Hi, Tata communications has been consolidating above 850 levels for almost 3 years now. The script has shown good accumulation in range of 850-1500. On charts you can see Inverse Head & Shoulders formation which is a bullish pattern. First target will be the length of height of the head till neck line. Add this length height post breakout near 1375 levels, which...

Kunal_TA Updated 

Hi, PCBL has consolidated for almost 1.5 years now in a range after a nice 4 bagger upmove since covid lows in 2020. First target is calculated considering height of the box which comes to 200 levels. 2nd and 3rd target as per Fibonacci extension comes to 308 and 414 levels. Stop loss below 110 levels. The moving averages( trend lines on daily and weekly are...

Kunal_TA Updated 

Wonderla Holidays a powerful script under hospitality sector in India , gave a classic ascending triangle breakout few weeks back and made a new all time high on daily closing basis. The script has been cooling off near the highs and looks ready for levels of 550+ on charts. The target level I have calculated based on the height of the ascending triangle pattern....

Kunal_TA Updated 

If you see the graph, the script had a good consolidation in range of 1100 1250 zone. it has given a breakout. The long term uptrend is intact and stock has caught up momentum recently. Script is currently trading at P/E of 18 which compared to current bull market is low. Based on chart, first target is 2000 with stop loss of 1100. Kindly decide your entry levels...