Sujay_fi

Sujay_fi

Another darling of the previous decade, but zero returns over the last 5 years. While valuations & leadership transition were the biggest concerns over the last 3 years leading to underperformance, fundamentally and technically the stock looks very very attractive for the next few years. 1650 - 1700 region offers a low risk setup for long term holders for an...

Sujay_fi

The region between 1300 - 1750 is where the stock has moved over the last 3-4 years, significantly underperforming the overall benchmark indices, and also within the PVT banking space. 1300 - 1400 is a good range to accumulate for long term (3+ years). At first, it should break out of the range and trade above 1750, beyong which 2200-2500 opens up. The risk...

Sujay_fi

Trading below all the MA's, but very close to a major support area between 2250 - 2500. Very favorable risk reward, for targets marked in the horizontal lines. Strict SL of 2250 Disc: Not a Sebi registered advisor. Views personal only. Please consult your (personal) financial advisor before initiating any position

Sujay_fi

Underperformer since more than a decade. Is it gearing up to shine now?

Sujay_fi

#LAURUSLABS CMP 371 A hero during the covid run, but an underperformer since 2021 June, charts indicate the pain to be over with 350 area offering very good support. Looking good to add some here. Momentum can kick in above 385 - 390, & later above 450.

Sujay_fi

Breakout over ATH, and possibility to go further higher

Sujay_fi

Breakout of previous ATH ~9900-10000, and retest of support at around the same level. Good risk reward for a 20-30% upside over the next 6-9 months.

Sujay_fi

Neuland Labs has given stellar returns since the beginning of the year. Its more than 3x since Jan 2023. It should likely cooldown for many months before the moving averages catch up and then resume its journey upwards!

Sujay_fi

A stock which is a pale shadow of its past, plagued by promoter´s greed. However, the price broke out above it´s multiyear downward trendline, and taking consistent support near the decadal support region of 163 - 175. After the recent upmove, key to watch is if it can continue to trade above the 265 - 275 levels for making any shortterm bets. Longterm looks...

Sujay_fi

HCLTECH took good support at it´s previous highs ~900, and in fact made a double bottom over there. The Jan - April downward movement of the overall market also had little pressure towards the downside. Trading near the confluence of 2 trendlines, and taking support consistently above the upward trendline, the odds of hitting the previous ATH ~1360 and making...

Sujay_fi

Upon crossing the congestion zone of 37-40, it can quickly head towards 54. Good candidate for accumulation on dips upto 31

Sujay_fi

Brent is up 20% since the last 6 weeks (from 28.06.23) ever since OPEC+ extended production cuts to 2024 recently. www.theguardian.com Would this lead to an upward pressure on the coming months?

Sujay_fi

Last week, the bond markets were a bit volatile, and the US10Y broke below the support ~98. Fitch Downgrade, JP govt selling US treasuries were other catalysts. The US CPI (Y/Y) Jul: 3.2% (est 3.3%; prev 3.0%) also showed inflation easing ... So, what do you expect? Case (a) false breakdown, and bonds rallying in the coming months? or (b) inflation surprises on...

Sujay_fi

#ITC hits 500 today!! The biggest gainer among the largecaps in 2023 needs to cool down before continuing it's journey upwards. The odds indicate we might see a time correction, or a price correction (or both) for rest of the year.

Sujay_fi

#Zomato holding the uptrend line since March 2023 lows, and also above the resistance ~75. The worst appears to be over, and the trendlines can be used a support levels for observing any trade.

Sujay_fi Updated 

Looking very good on a longer time frame. Recently broke out of it's short term downward corrective trend too. Can go long with a Stop Loss of 3850, for targets of previous highs and even higher . An excellent proxy play for the Real estate story playing out this decade!

Sujay_fi

TVC:US10Y Even though most of the macro indicators (alongside the recent CPI data) indicate lower yields forward, the downward trendline from Oct 2022 highs broke out in June 2023, with a successful retest pattern couple of days ago. So, as long the yields stay above the trendline, we could see them rising higher over the coming months.

Sujay_fi

The German 10Y notes began to move higher slowly since early 2021, and rapidly in 2022 like we all know of. The ECB deposit facility as of 21.06.23 is 3.5% and main refinancing operations is 4%. Like most of us know, the bond market is a major leading indicator of the future rates, and the DE02Y and DE10Y indicate lower rates ahead in the coming months, hinting...