JP Morgan Chase (JPM) has been trading within a Channel Up pattern since the October 12 2022 market bottom. Currently it is on a relentless rally since the October 27 2023 Higher Low, which is technically the Bullish Leg towards the Channel's top and new Higher High. The peak points of the previous two main Bullish Legs of the Channel Up, took place when the 1D...
Solara Active Pharma is a pure API play in the pharma sector. They offer a full spectrum of contract development and manufacturing solutions to clients worldwide powered by its Research & Development (R&D) Centre. The negative aspects of the company are promoters deceasing stake Q onQ and high pledging. Positive aspect of the company is increase in net profit Q...
Greaves Cotton Ltd.CMP 144.45 is an Indian conglomerate engineering company that manufactures Clean-tech Powertrain Solutions for petrol, diesel and CNG engines and heavy equipment. The company has taken strongly into E-Mobility business by launching its own range of Two wheelers. Negative aspects of the company are high valuations (Negative PE), MFs decreasing...
Maruti Suzuki India Ltd. is India's largest passenger car company, accounting for over 42%+ of the domestic car market. The Company offers a full range of cars from entry-level to SUV. It has manufacturing facilities capable of producing 1.5 million units per annum. The other activities of the Company include the facilitation of pre-owned car sales, fleet...
Hikal Ltd. is engaged in the manufacturing of various chemical intermediates, specialty chemicals, active pharma ingredients, and contract research activities. Presently, it is operating in the crop protection and pharmaceuticals space. Hikal Ltd CMP is 303.95. The Negative aspect of the company is High Valuation (P.E. = 45.8) and declining annual net profit....
Tesla (TSLA) is extending the rally following the buy signal (see chart below) we gave on November 07 at the bottom of the 1 year Channel Up: The price has had 6 green candles out of a total of 7 and looks to repeat the Bullish Legs of April - July and January - February. What's more important than that, is that Tesla is approaching its 'Do or Die' moment as...
We have seen the Magnificent 7 (Apple, Microsoft, Google, Amazon, Nvdia, Meta, Tesla) underperform on this rally since the October Low relative to the rest of the Nasdaq index (NDX). The former can be seen on the left chart while the latter on the right. This goes so far against the aggressive nature of the Magnificent 7 (M7), which have outperformed Nasdaq on all...
Hi Realistic Traders. Here's my price action analysis on NASDAQ:TSLA ! On May 23, 2023, Tesla (TSLA) exhibited a breakout from the bearish trendline, sustaining its upward trajectory with consecutive higher highs and lows. Following this, TSLA's bullish momentum moderated, leading to the formation of a bearish channel. Notably, there has been a recent...
Excel Industries Ltd. CMP – 902.55 Market Capitalization Rs 1,134.6Cr Red Flags:🟥 High Valuation (P.E. = 39.8) Declining annual net profit FIIs are decreasing stake Green Flags:🟩 No debt Zero promoter pledge Improving cash from operations annual Dividend Yield @CMP = 1.33% Happy Candles Number – 54/100 X/2 Fresh Entry/ averaging / compounding after closing...
Visa Inc. (V) has gone a long way since our last analysis (see chart below) which hit both our bullish and bearish targets: The stock has made a +15.40% Higher High from the bottom of the long-term Channel Up, which is consistent with 2 out of the 3 previous Bullish Legs within this pattern. After those Higher Highs were formed, pull-backs to Higher Lows of...
AI (C3.ai) has made a Higher High yesterday, the highest level it's been since August 15. Having put both the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) behind, this rebound is taking place after a perfect bottom on the long-term Channel Up. The first Bullish Leg of this pattern peaked on the 1.382 Fibonacci extension before a 1D MA200...
Rivian (RIVN) gave us a great break-out buy entry on our previous November 29 analysis (see chart below) as it broke above the Inner Lower Highs and hit our $21.00 target: The pattern that is now dominating the 1D log chart is a Channel Up. The 1D MA50 (blue trend-line) is about to negate the recently made Death Cross and cross back again above the 1D MA200...
NVDIA Corporation (NVDA) closed all 1D candles above the Support, as presented on our October 22 idea, and easily rebounded aggressively to our $476.50 target (see chart below): This time the rebound is very stable on the 1D MA50 (blue trend-line) with the log Channel Up since October 2022 showing incredible upside potential. Best to wait for the Rectangle's...
Page Industries Ltd. is the exclusive licensee of JOCKEY International Inc. (USA) for the manufacture, distribution, and marketing of the JOCKEY brand in India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan, and the UAE. The Company is the exclusive licensee of Speedo International Ltd. for the manufacture, marketing, and distribution of the Speedo...
Ahoy, fellow investors! Are you ready to set sail on a journey towards financial success using supply and demand imbalances? Look no further because we have the perfect vessel for you – Beneteau stock. When looking to invest in a company, they say it is always important to compare and analyze its performance with other companies in the same industry. We don’t...
There has been a very good year for Tesla with the stock starting the year at 100 and reaching a high of 300 in summer. A correction followed, but even if the ascending trend line was broken with a gap in October, Tesla found a very strong floor in the 200 region and rebounded, giving us a very nice bullish chart for the year. Technically, the drop from 300 is...
Tesla (TSLA) broke today for the first time and even closed the 1D candle above the Lower Highs that started on the July 19 High. After 4 months of the bearish trend of this Falling Wedge pattern, today's move is a major bullish break-out for the long term as it opens the way for testing the All Time High (ATH) by mid 2024. At the same time, the 1D CCI broke...
Zydus Wellness Ltd. CMP – 1571.75 (Long Term Investment Idea) (Many Consider It a Portfolio Stock Due to high Monopoly in Sugar Free Market - Close to 90%). Market Capitalization Rs 10,001.4Cr Red Flags:🟥 High Valuation (P.E. = 35.6) MFs are decreasing stake Green Flags:🟩 No debt Low debt Zero promoter pledge FIIs are increasing stake Improving annual net...