#ASHOKLEY Good stock for a breakout and move further -Breakout -Rounding bottom formation -Volume spurt Overall good chart
Indian Oil Corporation Limited looks ready for breakout. As of now, stock has been under consolidation just above Previous ATH levels and forming a bullish MA formation along with nice volume breakout. SL can be of 5% (candle closing basis) with targets of ₹217 levels. First target can be of ₹196. Do your own research before investing as this is just the stock...
Hindustan Petroleum Corporation Ltd looks good for a nice 15-20% bounce if today's candle closes above ₹345/- and entry will trigger when tomorrow candle closes above today's high. We can see nice base formation in stock with MA squeeze happening.
#TATACONSUM looks great for long and is breaking out of diagonal resistance. Also, we can see MA compression and also price piercing through the MA's nicely. Volume also supporting this upmove. Overall, this looks like a nice breakout in process after consolidation.
#BajFinance has been consolidating in this channel since Sep’21 IF and when this breaks, it will be a decisive move and can set the trend for next few months. Mark these levels on your chart so that you do not miss the breakout!
#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.
#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...
Page Industries the company which sells undergarments and other clothes under its brand name Jockey is 33% down from its all time high. As Bharat is developing and the aspirations of all our brothers and sisters are increasing premium brands like Page Industries will gain a premium in their prices too. It can be a good buy for long term investing.
#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!
#MANINDS is due for a pullback and is at a major resistance imo. It has been going up straight and looks over-extended to me. A pullback is due. If you have made good money in this stock, I think now is the time to take some profit off the table.
#Banknifty Higher timeframe Update There are 2 zones that I am eyeing for potential botton. 1) 45800-46300: This is a breakout zone and Banknifty has already tapped it. We can see some consolidation in this zone before any major move either side. 2) 44950-45490: Big gap pending zone. Market rarely leaves such gaps/ inefficiencies open. If this is mitigated, it...
#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.
#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.
#WSTCSTPAPR / West Coast Paper Mills Ltd Looks amazing at current levels. Paper stocks were in focus few months back and should be back in focus soon I believe. Technical and Fundamentals of these stocks are good. Stock was in consolidation mode for 1 year before the breakout and now retesting previous ATH levels. I'll be looking to buy this on Monday as soon...