Manohar_Shanmugam

Manohar_Shanmugam

Cement stocks has been dragging for quite some time. But ACC has just completed a cup & handle formation. Stock looks well positioned to hit 4000 from current level within a time frame of 18months Once the stock breaks above 2750, would move SL to 2470 on a weekly closing basis making it a 1:4 RR trade Disclaimer: This is just my idea and not a trade...

Manohar_Shanmugam

CMP of the stock is 707 and the stock is in excellent re-accumlation phase holding abv the trendline and demand zone on the monthly time frame. Considering the time frame of trade, the stock could witness rally to 1000 as long as it stays abv 600 which gives us a risk reward of 1:3 Disclaimer: This idea is for informational purpose only and is not a buy or sell...

Manohar_Shanmugam Updated 

Stock has been moving in an Uptrend channel ever since 2019... Interesting is the fact that everytime the stock tests the upper trendline of the channel, it has made sure to test 100 EMA . Putting this behavior into assumption, on breach and close abv 1272 on Weekly closing basis, has potential to hit 1370-1400 and might return back to around 1100, only to go...

Manohar_Shanmugam

Stock has been witnessing considerable volume recently. However, caution advised at the current level as it appears the current high is not sustainable in the near short term. Currently, It is making a double top vs 2010 as well as Feb 24 high I believe it would be prudent to wait for the stock to retrace back to 30 instead of getting trapped at the moment,...

Manohar_Shanmugam Updated 

Close above 4100 would induce life into the Cup & Handle pattern and let the stock surge. Has the potential for 25% run up from the current level

Manohar_Shanmugam

Stock has managed to closed abv the trendlines on monthly time frame. Consolidation in progress currently and once the consolidation is over, the stock has the potential to reach 150 Disclaimer: Not a buy sell recommendation. Only for education purposes

Manohar_Shanmugam

Stock has broken weekly trendline and is forming a pin. As the downside is very limited from here, it would be worthy to watch for a wkly close abv 2560 to re-conquer the weekly trendline Tgts could be 3400 & 4000 Disclaimer Not a recommendation but for educational/informational purpose only.

Manohar_Shanmugam Updated 

Dabur can re-test 530... The re-test can be bought only when there is bullish confirmation. As the weekly trendline is tested already for the 4th time, there are bright possibilities of a breakout this time. Tgts are 576, 590. Once it clears 610 on weekly closing basis, 660 on cards...

Manohar_Shanmugam Updated 

Cup pattern is complete with double top resistance. Looking for a handle now. Probable retracement area would be $2.5 Once pattern is complete Natty might fly high to $4.5 again? Disclaimer: Do not consider this as a buy or sell recommendation. This is purely for educational purposes

Manohar_Shanmugam Updated 

Stock is testing the previous gap. Sustaining abv 531 could take it to 540 easily without any interference. Disclaimer: This is for informational purposes only and not recommendation to buy or sell

Manohar_Shanmugam Updated 

Finally managed to pull off the existing Weekly trendline.. Consolidation with a Double bottom or W Pattern would be great to get into the stock Re-test of 4300-4400 would be great buying opportunity in that case. Currently at 4700 lvl.. Probably adding small quantities between here all the way through 4300 and staying invested would be better choice

Manohar_Shanmugam Updated 

A Weekly close abv 285 would trigger the Cup & Handle breakout to catch up momentum for a ride to 350

Manohar_Shanmugam Updated 

Possibility of a double bottom at 1300 seems likely... Looks good to accumulate in small quantities with a stop below 1250 Likely to bounce till 1460. Upon further consolidation, can head higher to 1600+ lvls

Manohar_Shanmugam Updated 

I believe Inv H&S formation is underway. Initially we could see 500 and then a consolidation before hitting 575

Manohar_Shanmugam

Stock looks good to give a decent return of 15-25% in a short span of time One other good stock to be in the portfolio Disclaimer: This is not a recommendation and is purely for education purposes only.

Manohar_Shanmugam

This stock is forming ascending triangle . A brk and sustain abv the supply zone can push the prices higher to 1500

Manohar_Shanmugam

Holding on to the weekly trendline. Breakout abv 233 will confirm this scenario Earnings are improving QoQ.. Couple of better earnings will set the stock to steer higher But has to be held with SL 190 keeping the exposure minimal... Pyramiding will be better instead of averaging in this scenario

Manohar_Shanmugam

Brk abv 572 could open the possibilities of the stock re-testing 700 again