RajuDatla

RajuDatla Updated 

The broader market, CNX 500, on this 2-day timeframe (I had to use this timeframe as the platform doesn’t accommodate complete data on daily timeframe and identified some surprising structure) when Momentum Indicator, RSI (standard 14 period) breaches below 25 and turns up that indicates the end of the market crash, and the beginning of a new uptrend. Of course,...

RajuDatla

MANKIND PAHRMA is making breakout from a 3-month consolidation range. Its relative performance to CNX 500 turned positive, & the momentum indicator, RSI has not gone below its bull support zone of 60 during the entire consolidation period & that indicats strength in its bullish momentum. The structure on its weekly & monthly charts also is quite good. On the...

RajuDatla

APAR INDUSTRIES made a strong breakout on over 6 times average volume from a 6-month long consolidation. The Technical structure on monthly, weekly, and daily charts (daily chart attached for reference) is quite bullish. Even the fundamentals are good as both EPS and Sales have been rising since March’22 quarter. Only personal analysis. No recommendation.

RajuDatla

On the Daily chart L&T is looking to set up a bullish Cup & Handle breakout, similar to the one during Oct – Nov 2023. The Nov ’23 breakout gave 19% return in the following 60 days. The current setup, if breaks out, can also offer a decent return though in the market there are no guarantees. Price structure on the Monthly & Weekly charts is quite bullish. Only...