Stock looks good for upside at current levels. S/R zone (in blue) tapped; this zone has acted as a good resistance zone earlier and now should act as a good support zone.
Also price has moved back inside the range (marked in orange).
I see good upside in stock in coming days.
#EPL
At higher timeframe horizontal + Diagonal support.
Also, on lower timeframe the market structure has changed to bullish.
+
Fib supports this pullback + bounce!
All in all a good bet for about 20% upside. Let’s see!
#MFSL
Max Financial Services Ltd. looks good for more upside.
Reclaimed a very important S/R zone (orange); Currently at Golden fib zone.
Also, Insurance sector overall seems to be gaining momentum.
Expecting an upside of about 20-30% in coming weeks/ months.
#YESBANK
Bought some Yes Bank @₹21.65/-
Broke out after > 3 years of consolidation.
I like this because, the upside target that I have is about 45-50% and the invalidation is simple as well (a weekly candle close back inside the channel)
#PayTM
Today’s daily candle is showing the biggest buy volume candle ‘ever’.
You know what this typically means?
While retailers are selling, Institutions or market makers are building position in it.
Price made new low’s and has already reclaimed previous ATH level (dotted line as shown in chart)
If price is able to reclaim this dotted line as support - I...
#HISARMETAL
Another company stock which supports in Infrastructure development.
I will plan to buy this soon for long-term hold.
Market cap of just around ₹115Crores.
From Technical perspective:
Stock has been forming a nice break and looks ready for breakout!
From Fundamental perspective:
- The company has shown a good profit growth of 40.96% for the Past 3...
#RAIN
This is the 4th attempt that stock is making to break the diagonal resistance.
Should the stock clear resistance and sustain, I think it can give handsome returns in coming days/ months.
Stock has been in consolidation mode since more than a year.
#ICICIGI
“ICICI Lombard General Insurance Co Ltd” - Stock is in an uptrend inside this parallel channel.
Also breaking out of the diagonal trendline. I think a pullback towards buy zone as in chart can give good potential returns. Long-term target zone also on chart.
#NATIONALUM
Stock had it’s first weekly close above the resistance zone; also poised to close 1st month candle above this resistance zone.
Stock is breaking out after 16 years - Definitely bullish imo!
Stock made a new ATH after more than 6 years and today Stock is up >19%.
Such stocks tend to go much higher.
Anyone looking for a long-term investment, then this can be a good stock to add to long-term portfolio.
If market gives a chance, can add to stock also at ₹100-₹110 levels.
Also, this stock has been consistently giving dividends as well.
#IKIO
Bought some IKIO Lightings Ltd shares @₹324.15/-
Stock available at a discount of >17% from stock listing price in Jun’23
Small-Cap Company has good fundamentals; can give good returns.
I would be worried only if stock breaks recent lows, else relaxed on this one.
#CERA weekly candle closed bullish imo.
Falling wedge right at support. I think if this support holds, there is a chance of another 20-30% move to the upside..
#VASCONEQ
Another small cap stock with good fundamentals and good technicals.
Has reclaimed a very important S/R zone on higher timeframe.
Some quantity can be bought at current levels because of breakout on daily timeframe.
Also, In my opinion, ₹59-₹71 zone is a good zone for accumulation if market gives a chance.
I see another 50-60% upside as first target...
#BALAMINES
Beautiful breakout in Balaji Amines Ltd.
₹2470-₹2450 zone will be a nice level to buy if there is correction.
Can target 50-60% returns after entry zone is tapped!
I expect another 35-45% on this stock.
If there is a correction, ₹155-₹165 is a good level to add to buys.
Any move below ₹140 would make us worry, however it has less chances as I see on chart.
ATGL looks ultra bullish and can be a multi-bagger in the long-run.
After a pro-longed downfall, stock has shown some strength in past few days based on technicals + fundamental indicators.
In the chart as well, from technical point of view, there are too many inefficiencies left behind while stock was taking a hit and price was falling. In my opinion, all those...
