Since US Federal Reserve cut 50 bps points on their interest rates last week - there is so much Hungama on the Media Channels about an impending BLAST on the Nifty PSU Banking Sector
Everyday there is news that the Sector would Rally and as "Anticipated" by so many the PSU Bank index Blasted 3% yesterday and was the Top Gainer among the Nifty peers
But has the...
Technical Confluences:
Price action is in Oversold conditions in the Daily and Weekly Timeframe. Likely to see some consolidation of positioning here.
Price action broke out of an Upward Sloping Parallel Channel and cleared itself out of the that Interest Zone too. Likely will see a test to re-enter that Channel due to Oversold conditions.
Elliot wave count...
4004 is moving within Rising Wedge pattern
Price is touching bottom support (Weekly chart)
Descending Parallel channel breakout is observed
Entry now with SL
Trail SL
Manage your risk
Ward Wizard Mobility which is a leader in the Electric 2 Wheeler Segment is all set to make headlines now.
Here is a quick comparison of Weekly and Monthly charts - each showing different representation to give you clarity on how multiple patterns get embedded one within another
Weekly Chart: (On Top)
Price is in the process of completing a 2 Year Cup and...
Comparison of Quarterly and Daily Timeframes of Tejasnet shows amazing structures for bigger targets
On Quarterly Chart - there is an amazing structure around 670-675 levels
4 Critical Confluences meeting at 1 single point providing the Price an Amazing Boost
1. Long Term Cup & Handle Trendline from 2018 crossing
2. Parallel Channel from 2021 crossing
3. Flag...
Kaycee Industries - on Weekly has Interestingly repeating pattern. Something very similar to TRIL I noticed last year. After 4 repeated Cups, TRIL stopped creating Cups but rather flew away. Very similar structure here
Look at 4 different colored Fib retracements
1. Green - 0.618 retracement - precisely reached 1.618 target 9578 and fell
2. Orange - 0.618...
Its been 4 years since SAIL recovered from rock bottom price of 20. When late Big Bull Rakesh J took stakes in SAIL, it was trading somewhere around 90 and had reached a peak of 150+ and fell again to 65-70 levels
It took 2 years to complete the return journey back to 150+. Lets now compare the short- and long-term views and respective targets
Long Term View:...
Shakti Pumps - Comparison of Quarterly Chart vs Weekly
Today price was locked in 5% UC
Quarterly View: Long Term
On Quarterly, the price is following a 12 Year Parallel Channel
Cup and Handle BO done on Monthly for Target of 2105
Weekly View: Short Term
On Weekly - Price is seeing to be travelling in a smaller Parallel Channel
Inside the parallel...
Elgi Equipment - This Railway Themed Compressor stock in long term is travelling within a Parallel Channel for 24 years since 2000.
*Quarterly Timeframe:* Multiple attempts since past 2+ years to break the top of the Parallel Channel. Currently in April 2024, the BO has been confirmed for Targets of 800, 885
*Weekly Timeframe:* On weekly, we see a clean and...
MIRC Electronics Limited is an India-based company, which is engaged in the business of manufacturing and marketing of consumer electronics goods primarily under the brand, Onida. The Company operates through consumer durable products segment
MIC Electronics Limited . is a global leader in the design, development & manufacturing of LED Video Displays, high-end...
MIC Electronics Limited is a global leader in the design, development & manufacturing of LED Video Displays, high-end Electronic and Telecommunication equipment. The boost in Green Energy, LED lights and Telecom has lifted the sentiments on MIC Electronics. Also, it recently started venturing into Co-Developing 42v/3A Electric Vehicle Battery Chargers for...
Wardwizard Innovations & Mobility Limited is a publicly-held electric vehicle manufacturing company based in India. It is engaged in manufacturing eco-friendly electric scooters and vehicles. It operates in the electric vehicle manufacturing sector in multiple countries, including India, Uganda, and Nepal
IPO began in 2015 with the initial price around Rs. 2 -...
Tigerlogistics - A Small Cap company (having a market cap of Rs 833.27 Crore) operating in Logistics sector. The initial call on Tiger Logistics was given around 440. Today it surpassed 866 levels in Intraday resulting in a gain of nearly 97%
Technicals:
1) On Monthly - The Rally on Tiger started with a Cup and Handle BO above 290 levels. Further to this, it...
For any script - When a News, Fundamentals and Technicals meet - then there its bound to
The recent positive ruling from the Supreme Court on the side of Adani Group against Hindenburg Report has definitely boosted Investor morale on all counters of Adani
From a Fundamentals perspective Adani Ports is a Rock Solid script as it has global presence in Physical...
You can see the Monthly charts of "Reliance Power" compared against "Reliance Infra". I am not calling them "Twins" just because its from same "Reliance Group"
But I was flabbergasted to see the Exact Chart Structure - from Similar Timelines. Channel Breakdown - Recovery - Trading inside the Channel and now finally Breakout of Multiyear channel.
Amazing Duo -...
Multi-baggers are identified in several ways - based on the Sector they operate, based on Management Conviction, Based on the product portfolio, Global Demand etc...
But identifying a Multi-bagger from "Scrap" is extremely difficult, because by that time people would have made solid impressions that its a "Loser", "Worst Performer" etc...
In the business of...
Elqi Equipment is a leading manufacturer of Compressor mainly for the Railways. Given the Focus & Investment on railway sector by govt of India - many railway themed stocks are flying.
Elqi Equipment on Monthly is getting compressed in an Bullish Ascending Triangle formation. Its a Double Resistance -
1) Long Term Parallel Channel BO pending
2) Ascending...
With the massive investments infused by Govt of India on Railway Sector to the tune of 1lakh Crore - most of the Railway Themed stocks are flying like Bullet Train.
Titagarh Rail Systems
an Amazing Upward Parallel Channel on Monthly
On Daily - Beautiful Box pattern BO followed by Ascending Triangle Formation
Triangle BO pending above 1075 WCB for target...
