SECTOR ANALYSIS: Most Rewarding Sector in the past Quarter. Extremely bullish once it crosses 600-650 levels.
STOCK: Has the potential to break the trendline which has provided resistance for the past 10 years and once it breaks with good volumes SOBHA can head towards the lifetime high of 1250 levels and thereafter turn into a multibagger ( In between it can retrace and consolidate before the trendline breakout)
Disclaimer: This is not a BUY/SELL recommendation.It is just for educational purpose and I am not responsible for your profits/losses.
@sandeshprabhu85 RSI will cool down as the stock might consolidate before breakout...And the overbought/oversold concept of RSI does not work most of the time
sandeshprabhu85
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@keshevdugar0210, so one can expect a small correction before it starts the rally
keshevdugar
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@sandeshprabhu85 Can't call it a correction but the stock can consolidate as the sector has also started consolidating before a fresh breakout
sandeshprabhu85
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@keshevdugar0210, can you analyze Dalmia Bharat Sugar, i've got a high conviction in it that it has given a breakout with good volumes and i think RSI and MACD also supports it and more up move can be expected in it. I'd like see your take on it though
keshevdugar
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@sandeshprabhu85 You can join our paid services in which we analyse stocks on demand
Kp9079
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Superb analysis Mindblowing work Looking forward to see more such analysis everyday
vaishh681
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According to analysis, i think we have to wait till next may to reach its 60%.
keshevdugar
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@vaishh681, Lol SOBHA is a high beta stock if it breaks the trendline it can reach to the targets within a quarter. On what basis did you analyse brother?
vaishh681
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@keshevdugar0210, Bro, i am new to trading,by looking some of your ideas am learning too . my analysis may be completly wrong too..