Swastik86

Swastik86

The bank merged with Syndicate bank effective from 1st April 2020. Post merger, it became the 4th largest PSU bank in India. Then its branch network increased by 4,000 branches and 4,500 ATMs. Presently, the bank operates 10,500 branches and 13,000 ATMs across India. It also operates 5 international branches in overseas countries. 45% of its branches are located...

Swastik86

Can this public sector company beat its private sector rivals in ROI? Technically price has just bounced off from support and closed as bullish pin bar on weekly TF at the top 25% level which is considered highly bullish. Broader pattern shows Cup with Handle formation as highlighted. Good to buy at CMP or accumulate around 95-110 levels for the following...

Swastik86

Chart looks highly bearish and is replicating Metals Index. Expecting support to be around 700 level. Good to accumulate around 650 - 700 levels for the following targets: Short term swing target @ 1015 (50% ROI with 4.9 R:R) Medium term swing target @ 1180 (75% ROI with 7.3 R:R) Long term positional target @ 1425 (112.5% ROI with 10.7 R:R) Stop loss around...

Swastik86

Accumulate around 600-800 levels for a potential target of around 7500-8300 in long term. You can either exit or keep averaging if it falls below the mentioned levels. Even though the probability is high but nothing is guaranteed in cryptoverse, so do proper risk management. Peace!!

Swastik86

MTAR Technologies was established in 1970, it is in the business of manufacturing various machine equipment, assemblies, sub-assemblies, and spare parts for energy, nuclear, space, aerospace, defence and other engineering industries. As of 31st March 21, The company has an order Book of Rs. 416 Crores. The order book is divided into: Space & Defence: 36% Clean...

Swastik86

Good to accumulate around 17000 level for a potential upside as it is lying at trendline support. Weekly RSI looks highly oversold and forming strong bullish divergence. Every time weekly RSI went around 30 odd levels, it had given a strong up move. Highlighted for your reference. Minimum upside target should be around 46000 level as it is at golden fib zone...

Swastik86

Sona BLW is among the Top 10 Global Differential Bevel Gear Suppliers, Among the Top 10 Global Starter Motor Suppliers for PVs, and the Largest manufacturer of differential gears for PVs, CVs & Tractors in India. Sona Comstar has 8.7% market share in the global market in Battery Electric Vehicle (BEV) Differential Assembles, 5% in Differential Bevel Gear, and 3%...

Swastik86

Will VEDANTA be the next ADANI Enterprises? Broader outlook says it broke out of the decade long sideways trend and is heading for a retest before a massive upside. A clear Head & Shoulder pattern is visible in daily timeframe , as per the pattern the technical target is around 190 level which also lies in confluence with trendline support. Volume shows the...

Swastik86

Headquartered in Bangalore, with operations in the U.S, UK, Canada, Australia and Middle East. Ranked 4th in IT Services which works on disruptive technologies such as artificial intelligence, blockchain, cloud, digital process automation, internet of things, robotics/drones, security, virtual/augmented reality, etc. Sound fundamentals with PE at steeper side...

Swastik86

Weekly closing above trendline support with bullish RSI divergence shows bullish bias. Potential broadening wedge pattern is more likely to form as highlighted if it sustains above trendline support on weekly timeframe. If this plays out as expected, then the max upside should be around 7250 level (top of the wedge pattern). Everyone is having a bearish outlook...

Swastik86

One of the high risk stocks to go for a positional trade as per its fundamentals. A clear Head & Shoulder pattern formed and recent price action shows strong bearish divergence with RSI for a bearish continuation. Price has retested the neckline and is heading towards a downside target of around 2350. It lies in confluence with golden FIB and long term...

Swastik86

Worst scenario for those who are bullish thinking of potential Cup with Handle pattern formation on a broader outlook or reverse Head & Shoulder pattern on a narrower outlook. If you look carefully, you can see the descending broadening wedge clearly as highlighted in my chart. You can zoom out to see the broader view of my chart with all the...

Swastik86

Fall started at key level around 35985 (Dashed yellow line). Today's closing below that level indicates possible fall. There is a strong bearish divergence in RSI with declining trend in volume. Most heavyweight constituents are in confluence as they are at their key resistance levels. Expecting the bottom to be around 32200 level. Do your own due diligence...

Swastik86

4th largest Indian player in the global IT services industry behind TCS, Infosys and HCL Technologies. Company is having sound fundamentals. Technically it is highly bearish. In short term, a pullback towards 500 odd levels is more likely for a possible bull trap. 530 level will act as strong resistance zone (highlighted in red). Expecting IT index to correct...

Swastik86

If the current resistance level (35650) breaks then this scenario may play out which I am going to explain. It may remain sideways moving in a triangle pattern highlighted. In a triangle pattern each swing is comprised of 3 waves with a total of 5 swings before break out. You can see the previous two swings are 3 waves moves. Even if this plays out there will...

Swastik86

The second-largest Commercial Vehicle manufacturer in India. Already manufactured 40 electric buses for Chandigarh which will be operated under Switch Mobility Automotive Ltd. The high cost and range of EVs are the barriers unless every state govt. plans to start their fleet of EV buses and battery tech evolves with proper charging infrastructure. Private...

Swastik86

It is moving inside a descending broadening wedge pattern similar to NIFTY50. Expecting BANKNIFTY to hit 34900-35000 level before the last dump towards 32000 level if it will form Adam & Eve pattern I have highlighted as V shaped bottom and rounding bottom. Only if the 5th wave is overextended, it can reach the edge of the pitchfork at 30180 level. Both the...

Swastik86

It is moving inside a descending broadening wedge pattern inside a bigger descending broadening wedge pattern highlighted. Expecting Nifty to hit 16630 level before the last dump towards 14920 level. 16630 level is at the confluence of 50 MA, trendline resistance and the top of the runaway gap which is going to get filled along with strong bearish divergence on...