Panchalk

Panchalk Updated 

Minda was moving in a channel for some time and today it broke out of channel with good volumes ( positive sign)..if it retests the channel in coming days, it could make a big move up. CMP -125.6 Target 1 - !39-40 Target 2 - 155 This is not advice to trade. Calculate your own risk/reward ratio and SL and trade.

Panchalk Updated 

Ramco has just BO'd from the triangle pattern...yesterday it had moved 7%...targets are marked..cement companies have been going up since a few session. Do your own research. This is an idea, not a recommendation

Panchalk

IF SBI cards clears the resistance zone marked - 1131-1147...then it can reach the targets marked...it is trading since a few session close to the resistance area, which is also the upper part of channel. Let us see how it pans out. This is not a recommendation. Do your own research

Panchalk Updated 

Cera BO'd a couple of days ago and has moved up today with big volumes...could see some more upside. Since last year it has given a return of 135% which is massive..and it has moved from 2280 to 5397 (CMP)..which is quite phenomenal. Targets are marked. Do your own research. This is not a recommendation to buy.

Panchalk Updated 

ICICI has JUST POPPED out of the channel....and today 23rd Oct was the quarterly (Q2) earnings results of the bank....the bank has posted a 30% growth from same time last year - PAT grew to 5511 crores and more importantly outperformed Nifty Bank which grew 21% in the same period...another significant thing - Non Performing Assets ( NPA) is lowest since...

Panchalk

This chart is plotted on weekly TF and it is a multiyear breakout...realty sector has been experiencing a boom so it is no wonder that all stocks are rising with it..targets marked for short term but if the broader market is steady this stock could see more upside...let us see how it pans out..

Panchalk

Heritage has BO'd fro triangle and moving up with decent volumes..targets marked for short term..if broader markets are steady then heritage will achieve targets,,This is an idea, not a recommendation to buy

Panchalk

Sterlite has broken out of triangle pattern with good volumes. Let us see if it pulls back and moves up again or keeps moving up...targets marked It has a good order book for 2021-22, so let us be optimistic.

Panchalk Updated 

Godrej Properties BO from channel...targets marked. Do your own research. This is an idea.

Panchalk Updated 

IFB has just BO'd from a wedge like pattern..targets marked. This is a small cap. Tread with caution. DO your own research.This is an idea. One important thing - it is trading above the 200 EMA ( marked in red) which is a always an important moving average which even institutions and fund houses look at.

Panchalk

Indian bank is steadily moving up inside the expanding channel - monthly TF...if it completes the move, which could take time, it will be a 160% move..for the near term targets are marked..247 ( which i have not marked, but is a target), 298, 422...let us see how it pans out. This is not a recommendation to buy.

Panchalk Updated 

Balrampur has BO'd from triangle pattern with decent volumes...targets marked..Trade at your own risk..This is an idea only.

Panchalk

JK tyre has BO'd from triangle pattern and moving up...targets marked...i am thinking short term.

Panchalk Updated 

Dhani is positioned for a break out or breakdown...targets are marked for an upside. I would not take any position as yet. Why? because it is trading BELOW the 200 EMA, very important moving average...only after it moves above it then it is safe for me. Take your own call, this is an idea.

Panchalk Updated 

HAL BO from triangle some days ago, retested and now moving up again....HAL is a heavy weight and an important company when it comes to defence category...targets marked. it has moved up 7% today....let us see how this pans out. This is an idea.

Panchalk

As mentioned Hind copper BO'd sometime ago, pulled back and now is moving up again, but more interestingly the volumes at which it has been trading in last few months is HIGH...which is a good sign...it has still got steam and one can expect more upside. targets marked...mind you the stock has fallen from its highs of 600+.. This is an idea, not a recommendation...

Panchalk Updated 

The stock BO'd yesterday with good volumes..the only concern is that this stock has sporadic momentum ( see green volume bars highlighted by arrows), although of late it has had some good sessions...targets marked. Trade cautiously. This is not a recommendation, just an idea

Panchalk

Adani Ports has BO'd some days ago from triangle pattern and climbed up 9% already..but there is scope for more upside, especially if the broader market is steady...targets are marked. All Adani group of companies have had a good run...Do your own research..this is an idea not a recommendation to buy.