#MFSL Max Financial Services Ltd. looks good for more upside. #MFSL
Max Financial Services Ltd. looks good for more upside.
Reclaimed a very important S/R zone (orange); Currently at Golden fib zone.
Also, Insurance sector overall seems to be gaining momentum.
Expecting an upside of about 20-30% in coming weeks/ months.
Stockmarketindia
ASTRAL BREAKOUT Box Breakout Done .
Huge Accumulation Done.
Good for Short term and Long term.
Target 2400 , 3000 ...
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Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
#IPCALAB Stock looks good for another 20-25% move above. #IPCALAB
Stock looks good for another 20-25% move above.
A candle close below ₹1100 would trigger me to close the position.
1) There is a bullish pennant forming with measured target of above ₹1400
2) Horizontal previous ATH support - Looks great.
#TATACOMM - Nice basing formation right at support.
Looks amazing to me - Nice basing formation right at support.
I expect this to move to new ATH and beyond. Expecting minimum 10% returns on this.
SL will be a daily candle close below ₹1652/-
Also, if you apply Stochastic RSI, there is a clear bullish divergence forming on Daily.
#PayTM Daily candle showing the biggest buy volume candle ever#PayTM
Today’s daily candle is showing the biggest buy volume candle ‘ever’.
You know what this typically means?
While retailers are selling, Institutions or market makers are building position in it.
Price made new low’s and has already reclaimed previous ATH level (dotted line as shown in chart)
If price is able to reclaim this dotted line as support - I think it is a strong buy for me (with SL below dotted line on candle closing basis)
#ATGL Attempting a breakout on Daily timeframe#ATGL
Attempting a breakout on Daily timeframe. If it does breakout, we can see another good rally in stock!
Also, if we use Fib tool, we can clearly see that the stock has been consolidating above 0.382% level and has been forming a nice base there since many days now.
Breakout looks imminent imo.
#TATAMOTORS - I see this as a 4 digit stock - ₹1000 coming!#TATAMOTORS has broken out of the resistance after about 8.4 Years and it has been consolidating just above resistance since last more than 130 days. I don't think that the rally is finished yet. It is easily a 4 digit stock i.e. ₹1000 per share.
Don't fade this rally.
Indian Oil looks good for 30-40% upside in coming months#IOC looks great here as it is breaking out
30-40% move is possible in coming months.
More so, If anyone is holding this for long-term, along with the upside, there is a good % that one can earn in terms of Dividend yield. In the past 12 months, Indian Oil Corporation Ltd. has declared an equity dividend amounting to Rs 8.00 per share. At the current share price of Rs 106.55, this results in a dividend yield of 7.51%
#HISARMETAL Stock has formed nice base; looks ready for breakout#HISARMETAL
Another company stock which supports in Infrastructure development.
I will plan to buy this soon for long-term hold.
Market cap of just around ₹115Crores.
From Technical perspective:
Stock has been forming a nice break and looks ready for breakout!
From Fundamental perspective:
- The company has shown a good profit growth of 40.96% for the Past 3 years.
- The company has shown a good revenue growth of 15.78% for the Past 3 years.
- Company has been maintaining healthy ROE of 24.03% over the past 3 years.
- MCAP of just ~₹115Crores, hence lot of growth potential
- EVEBITDA is 9.72 (EV/EBITDA values below 10 are seen as healthy)
This can prove to be a multi-bagger in long-run.
#RAIN - Attempting a clear breakout - Looks great#RAIN
This is the 4th attempt that stock is making to break the diagonal resistance.
Should the stock clear resistance and sustain, I think it can give handsome returns in coming days/ months.
Stock has been in consolidation mode since more than a year.
#ICICIGI is in an uptrend inside this parallel channel#ICICIGI
“ICICI Lombard General Insurance Co Ltd” - Stock is in an uptrend inside this parallel channel.
Also breaking out of the diagonal trendline. I think a pullback towards buy zone as in chart can give good potential returns. Long-term target zone also on chart.
#HUDCO made a new ATH after more than 6 years Stock made a new ATH after more than 6 years and today Stock is up >19%.
Such stocks tend to go much higher.
Anyone looking for a long-term investment, then this can be a good stock to add to long-term portfolio.
If market gives a chance, can add to stock also at ₹100-₹110 levels.
Also, this stock has been consistently giving dividends as well.
#Banknifty Higher timeframe Major update#Banknifty
Higher timeframe Update
There are 2 zones that I am eyeing for potential botton.
1) 45800-46300: This is a breakout zone and Banknifty has already tapped it. We can see some consolidation in this zone before any major move either side.
2) 44950-45490: Big gap pending zone. Market rarely leaves such gaps/ inefficiencies open. If this is mitigated, it would be very bullish overall for Banknifty.
#IKIO - Base formation happening#IKIO
Bought some IKIO Lightings Ltd shares @₹324.15/-
Stock available at a discount of >17% from stock listing price in Jun’23
Small-Cap Company has good fundamentals; can give good returns.
I would be worried only if stock breaks recent lows, else relaxed on this one.