multibagger alert SPIC CMP 49Technical analysis : it is showing gpt infraproject like graph symmetrical triangle breakout if it remains above 47.50 it will give breakout in upcoming days but if it breaches the treandline it will just take time to go up,
RSI is in oversold zone.
FUNDAMENTAL: 1/ increased revenue in jun 21 quarter
2) increased operating profit in jun21 Q
3)profit before tax 27 crore which is less as compared to previous 32 crores but it is good as compared to other companies performance in this quater due to covid .
best time to buy this stock is now as it is down 20 % in the last month
BSE
Bajajfinsv - Elliott wave analysis - Impulse 5th wave It is in 5th of 5th of 5th wave started from the 13855 and can go up to 15500 level before it correct the whole move started last year. As long as it stays above mentioned level, it is bullish, but if it breaks below that level, then it may become bearish and can fall sharply.
Adanient - Elliott wave analysis - ABC correction Adanient is in sideways complex B wave correction and can go up to 1600-1635 zone before it will end it and start moving down for C leg. Above trend channel of abc move (last leg) it can go up to mentioned level of even slight higher. If it failed to go above W wave high of B, then there is a possibility of triangle as B wave.
AAREY DRUGS #AREYDRG BULLISH TRENDINDICATOR ANALYSIS:
PLF - Profit chip in control, Losing chip 0%
TREND WAVE - Mid of uptrend, just start another round of uptrend after pull-back
BATA India Medium Term Break-Out TradeThe stock has broken out and took a support at the previously upper trendline. Trade is supported by brokerage calls and Supports Nearby including 200 EMA .
Risk Reward Ratio - 1:1.
SL is placed below multiple major support zone and previously Lower Trendline and target is place near swing and channel high.
Note: As the market is under selling pressure, enter only after confirming a reversal.
ONGC Short Term Reversal TradeThe stock has reached lower trend line and looks to take support and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby & 200 EMA .
Risk Reward Ratio - 1:1
SL is placed below multiple major support zone and target is place near swing and channel high.
Try To Exit before earnings disclosure if profit reaches around 10%.
Note: As the market is under selling pressure, enter only after confirming a reversal.
Ramco Cement Reversal Trade The stock has reached lower trend line and looks to take support and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby & 200 EMA .
Risk Reward Ratio - 1:1
SL is placed below multiple major support zone and target is place near swing and channel high.
Note: As the market is under selling pressure, enter only after confirming a reversal.
Thermax Short Term Reversal Trade The stock has reached lower trend line and looks to take support and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby & 200 EMA .
Risk Reward Ratio - 1:1
SL is placed below multiple major support zone and target is place near swing and channel high.
Note: As the market is under selling pressure, enter only after confirming a reversal.
MRF Short Term Breakout TradeMRF Has broken out and has retested and can undergo a rally in short term.
It has also reached lower trendline of a channel; It has not been shown in this chart to prevent complicated drawings.
Risk Reward Ratio - 1 : 1
Trade is supported by brokerage calls and Supports Nearby & 200 EMA .
SL is placed below major support zone and target is place near swing and channel high.
MGL Short Term TradeThe stock has reached lower trend line and looks to take support and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby & 200 EMA .
Risk Reward Ratio - 1:1.
SL is placed below major support zone and target is place near swing and channel high.
Note: As the market is under selling pressure, enter only after confirming a reversal.
VGuard Short Term ReversalThe stock is near lower trend line and took support and looks good for a reversal rally. Trade is supported by brokerage calls and swing low, major supports & 200 EMA before SL levels. Target is placed near the previous swing high with a risk reward ratio of 1:1. The trade SL is placed in such a way that even if the stock breaks down it can tack support of the previous resistance channel.