target of basf achieved of 3rd wave and trendline resistance also. sell near to 4340 and make merry as stock was earlier recommended at 1600 rs for a long trg of 4200 approx.
petronet is ready to blast from inverse head and shoulder pattern . We have a target of 410-420
ready to breakout .positive divergence in weekly chart giving imputus to chart and a rally might fructify soon as near to breakout target of 3rd wave 387 . buy on every dip.
though share price is progressing buy MACD showing some profit booking at 183-84 level we have a trendline resistance at 185-87 level. Long target min 229 as per wave analysis.
We are at neckline we might see an end to corrective wave A as market is not that bearish buy with a small stop of 50 rs in the days to come we have a target of 2700 to 3000 for 5th wave as the stock might accumulate for next 1 to 2 month before any meaningful impulsive wave. A cash rich company with good dividend and bonus track record.
once crosses 3565 , 10 days moving average will show bounce from neckline and will be bullish once crosses 20 days moving average3634 will be bullish for stock. buy with a small stop loss and trail it . 200 DMA 3653 for more strenght and trend to become bullish .MACD hourly showing bottoming out .
Buy with a price target of 183-86 as per trend . Trend is positive and long term 3rd wave target minimum 229 .
positive divergence in hourly chart and indicating end of fourth wave .Once crosses 1050 level will show more power for a target of 1400-1500 level. company has more investments then its present value . Its equity consists of 99 percent bonus . now again ripe for bonus and quite possible split also.
investors do you observe positive divergence--- accumulate as chem sector to show some consolidation --icing on cake high promotor stake of 75 %. and company performing well in sept qtr .. accumulate on every dip as we might end ABC wave in next one month .
contracting triangle once breakout we have a target of 67-68 . volatility is coming down a high dividend stock earning grew by 53 % last year likely to repeat winning streak. stock is making higher low.
we are near to .382 fibo support zone looking for MACD it looks as we have found bottom at 46.20 zone and are heading toward are trg of 64 -65 or atleast double top at 52 . once we crosses 52 with volume we would be heading toward 64-65 and third trg of 72.
which was earlier recommended at 225-28 level rose to 300 level .The giant rose from 70 to 700 earlier corrected to 225 .Now in a channel and as volume rose yesterday we might see a breakout from rangebound movement to 400 level ( resistance zone)
once crosses neckline at 2750 will show real power as inverse head and shoulder observed and target of 3200 on charts .
trident intial trendline resistance 42, target as per fibo ext min 52, second trg 64 and 3rd target 75. will gain momentum soon buy on every dip .
finolex ind/pipe intial trg 257-60 once this is crossed we are heading toward 300 odd level . fibo ext trg gives us a target of 399-400 level. if corrects near to 208 level( trendline support) accumulate in large qty ( as nifty 3.2 to started or to start soon)
As per chart we are heading toward 300 level once this resistance is crossed with volume we have a fibo ext target of 399-405 level first. Remain in trade and accumulate on every dip
once breakout of range of 119-21 will show immense power as breakout of neckline of inverse head and shoulder and 3rd wave in progress . Buy this stock as before covid was high dividend stock and was traded at 700 rs during peak. now once again giving quater by qtr good results and might again be in dividend list soon.