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...
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.
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
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
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
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.
NEGATIVE divergence and stock in ASM maximum can go upto 327-30 level sell on rise as target of 3rd wave achieved.
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.
in hourly chart we are heading toward a target of 373-76 of 5th wave. buy on dip
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)
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.
3rd or c wave has a target of minimum 377 holding 341 inverse head and shoulder formed .
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