tanrakesh

tanrakesh

10 out of 10 analyst are recommending strong buy . trailing PE is 5.3 compare to container corpn 35 , deliveryH 147 , BLUE DART 59. trailing EPS growth 131 average broker forecast of price target of 96 . Now regarding technicals company has completed 1 st wave and now it is near to completing 2nd wave and soon 3rd wave to begin and we would be able to...

tanrakesh

Trading above 9,21,50,100,200 EMA BULLISH stock breakout of inverse head and shoulder pattern today with volume likely to target 4 figure i.e 1000 rs.

tanrakesh

likely soon to breakout watch volumes as trading above 9,21,50,100 EMA and close to 200 EMA . Enter the stock and likely first resistance near to 370 important fractal once closes above 380 will be very bullish for the stock

tanrakesh

SPIC--DAY ABOVE 9,21,50 and 200 EMA bullish stock--inverse head and shoulder formation at breakout---level---trading on upper boundary of BB. book value 56 and EPS of 5.5

tanrakesh

At 200 level a buy was suggested and it made 300 in first wave now we have corrected about 50% of the rise and moreover are at trendline support buy for higher target as we might begin 3 rd of 3rd soon . in hourly chart.

tanrakesh

Positive divergence in this sugar stock likely to go to new high as added by sugar prices which are expected to double in a years time due to brazillian fires in sugar fields and moreover ethenol production which company is expanding and government will give desired push. Stock has taken support at important fractal and 38.2 % retracement of previous rally

tanrakesh

long term target is 448,543 as seen in hourly chart holding 368 we have a target of 398-402 min as per fibo ext as the share brokeout yesterday on weekly chart we are in bull mode and can reach a target of 540-548.

tanrakesh

NEGATIVE divergence and stock in ASM maximum can go upto 327-30 level sell on rise as target of 3rd wave achieved.

tanrakesh

TV today--breakout of contracting triangle TRG 354 min crossing of 375 i.e 61.8% retracement of previous rise trg 446, 538,595,702 in long bull run now

tanrakesh

we are near to our first trg of 368-375 if remains above 390-405 range can go to our next fibo ext of 462 in longer span - previously -analyses done at 250-60 range for trg of 370

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RAYMOND --TRG 3434 first achieved 2nd resistance 3750-65 . 4876 is also achievable as per fibo ext first will have to see how it reacts at 3750-65 level

tanrakesh

the stock is providing good movement .Short term resistance is at 384 once crosses 382-86 level with volume the stock can go to long term resistance of 403 .Our fibo ext gives a target of 444 and 483.

tanrakesh

an important point is low of 145 for going higher it should not fall below 145 for 5th wave trg we have to cross 192-93 levelfor 233-40 target, and below 145 it can trg 122 and below which 94-96

tanrakesh

in hourly chart we are heading toward a target of 373-76 of 5th wave. buy on dip

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BASF-- at major trendline resistance and completion of impulsive 5th wave .Sell and buy near to 4980 . monthly chart shows inverse head and shoulder formation in progress and a target of 7500 approx ( 2 year target)

tanrakesh

in contracting triangle soon to breakout metal policy/ auction of mines for lithium mining on the cards major govt companies in fray are GMDC, MOIL and NALCO. Wave 3rd of 5th to begin soon , accumulate on every dip.

tanrakesh

3rd or c wave has a target of minimum 377 holding 341 inverse head and shoulder formed .

tanrakesh Updated 

after completing 5 wave on upside .We find trendline support at 4980 and wave a might end here till then in a channel sell on upper boundries of channel in 5 min chart