Stockstowatch
Workhorse threatening trend reversalWorkhorse is at the neckline of the trend-line today, it needs a surge 10% above the trend-line for reversal confirmed.
NIOWedge break on exploding volume, in oversold conditions gapping above 50SMA. pt1 is 10% away if market gets legs watch this closely
Falling Knife Series- Consolidation of DMARTThis stock has fallen from its high of 5900 & now trading at low 3500 which is a fall of 50+ from its peak. Consolidation has been observed for last few day on different Time Frames. Interesting to see whether it will be able to break shackles to move up or falls further to new low.
Check your own chart, this is only for educational purpose & Not a buy recommendation.
Greenply gave a Bullish Happy CandleGreenply Industries Limited (GIL) is India's largest interior infrastructure company. It accounts for almost 36 percent of the organized plywood and 26 percent of the organized laminate market in India. The main products of the company are plywood and blackboards, doors, decorative veneers, PVC products and speciality plywood. Greenply Industries CMP is 169.50.
Negative aspects of the company are declining cash from operations, FIIs are decreasing stake and MFs are decreasing stake. Positive aspects of the company are improving annual net profits, no debt and zero promoter pledge.
Entry after closing above 172. Targets in the stock will be 182 and 194. Long term target in the stock will be 207. Stop loss in the stock should be maintained at closing below 134.
Associated Alcohols is in high spiritsAssociated Alcohols & Breweries Ltd. is in the business of manufacturing and trading of ENA (Extra Neutral Alcohol), Indian Made Indian Liquor (IMIL), Indian Made Foreign Liquor (IMFL) & Hand Sanitizer. Associated Alcohols & Breweries CMP is 408.40. Negative aspects of the company are declining annual net profits and FIIs are decreasing stake. Positive aspects of the company are low debt, improving cash from operations annual and zero promoter pledge. Entry after closing above 414. Targets in the stock will be 435 and 463. Long term target in the stock will be 486 and 500+. Stop loss in the stock should be maintained at closing below 387.
Teamlease is picking up some steam.TeamLease Services Ltd. is leading provider of human resource services in India. The company offers temporary staffing solutions, permanent recruitment services, regulatory consultancy for labour law compliance and various educational programs for employees.
TeamLease Services CMP is 2314.05. Negative aspects of the company are high valuation (P.E. = 35.5), declining cash from operations, FIIs decreasing stake and high promoter pledge. Positive aspects of the company are no debt, improving annual net profits and MFs are increasing stake.
Entry is possible after closing above 2335. Targets in the stock will be 2368 and 2397. Long term target in the stock will be 2434 and 2515. Stop loss in the stock should be maintained at closing below 2180.
Pin point prediction of stock of the week 12 to 16 June 23Hello Traders,
Every week I select a potential stock for my trading as stock of the week. And share same with you in form of marking and trade idea. For detailed understanding check below.
Dow Jones DJI DIAno1 ever mentions this one, is she ready to shine bright like a AMEX:DIA -mond? if she can push through some res (not going to be easy, but so close) this is a nice multi month swing setup. last chart that looked like this was NASDAQ:NVDA in January
JSL ( Jindal Stainless Limited ) looking goodCompany increasing Profits every quarter for the past 2 quarters
and share price above short, medium and long term moving averages..
FII increasing their shareholding.
Sun TV may ShineSun TV Network Ltd. is one of the largest media conglomerate in India. It consists of 33 television channels in 6 different languages, 69 FM radio stations, 3 daily newspapers, 6 magazines and an IPL franchise. It is also one of the largest DTH (Direct To Home Satellite TV service) service provider in India having more than 16+ million subscribers.
Sun TV Network Ltd CMP is 459.85. Negative aspects of the company is MFs are decreasing stake. Positive aspects of the company are improving annual net profits, improving cash from operations annual, no debt, zero promoter pledge & FIIs are increasing stake.
Entry after closing above 465. Targets in the stock will be 478 & 500. Long term target in the stock will be 520 & 544. Stop loss in the stock should be maintained at closing below 439.
Paras looking PowerfulParas Defense and Space Technologies Ltd. is engaged in designing, developing, manufacturing & testing of variety of defense & space engineering products. The company operates in four major segments i.e defense & space optics, defense electronics, Heavy Engineering and electromagnetic pulse protection solutions, the company offers 33 different range of products.
Paras Defense and Space Technologies CMP is 570.05. Negative aspects of the company are high valuation (P.E. = 61.6) and FIIs are decreasing stake. Positive aspects of the company are improving annual net profits, improving cash from operations, no debt, Zero promoter pledge & MFs are increasing stake.
Entry after closing above 576. Targets in the stock will be 608 and 637. Long term targets in the stock will be 670 and 700+. Stop loss in the stock should be maintained at closing below 510.
Glaxosmithkline looking good. GlaxoSmithKline Pharmaceuticals Ltd is an Indian research-based pharmaceutical and healthcare company. Their product offering include vaccines, speciality medicines & general medicines. Its prescription medicines range across therapeutic areas such as anti-infectives, dermatology, gynaecology, diabetes, oncology, cardiovascular disease and respiratory diseases.
GlaxoSmithKline Pharmaceuticals CMP is 1390.95. Negative aspects of the company are high valuation (P.E = 38.6), declining annual net profit & MFs are decreasing stake. Positive aspects of the company are improving cash from operations, no debt & zero promoter pledge.
Entry after closing above 1402. Targets in the stock will be 1435 & 1461. Long term target in the stock will be 1489. Stop loss in the stock should be maintained at closing below 1288.
Hikal looking towards making new highsHikal Ltd. provides solutions related to Pharmaceuticals, Crop protection, Specialty Chemicals and Research & Technology. Hikal has five manufacturing facilities in India at Maharashtra, Gujarat, Karnataka and a Research & Technology centre at Maharashtra. Hikal CMP is 319.45.
Negative aspects of the company are high valuation (P.E = 50.2) & declining annual net profit. Positive aspects of the company are improving cash from operations, low debt, zero promoter pledge, FIIs are increasing stake, MFs are increasing stake & promoter holding increasing.
Entry in the stock can be taken after closing above 331. Targets in the stock will be 350 & 367. Long term target in the stock will be 383 & 403. Stop loss in the stock should be maintained at closing below 281.
SBUXStarbucks entering major demand zone that cant be ignored, its not lost on me that we just broke the 200SMA however Risk/Reward is prime in this name at this exact spot. Stop loss should be a daily close under demand zone
CHWY Chewy Options Ahead of EarningsIf you haven`t bought CHWY here:
or sold it here:
then Analyzing the options chain of CHWY Chewy prior to the earnings report this week,
I would consider purchasing the $29.5 strike price Puts with
an expiration date of 2023-6-2,
for a premium of approximately $1.29
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Medplus looking looking strongMedplus Health Services Ltd. is the 2nd largest pharmacy retail chain in India. The company is engaged in manufacturing of private label pharmaceuticals, wellness & FMCG products. It also offers clinical laboratory services & physical consultation services. Medplus operates in more than 3000 pharmacy stores across 374 cities.
Medplus Health Services CMP is 813.10. Negative aspects of the company are high valuation (P.E. = 195), declining annual net profits & high promoter pledge. Positive aspects of the company are improving cash from operations annual, FIIs are increasing stake, MFs are increasing stake & no debt.
Entry after closing above 828. Targets in the stock will be 871, 945 & 999. Long term target in the stock will be 1051 & 1341. Stop loss in the stock should be maintained at closing below 745.
Solid looking Sun PharmaSun Pharmaceuticals Industries Ltd. is the 4th largest generic pharmaceutical company in the world. The company offers specialty medication, generic medication, over-the-counter (OTC) medication, active pharmaceutical ingredients (APIs) & anti retro viral medication. The company has the presence in more than 100 countries supported by 40 manufacturing facilities in Asia, America & Africa.
Sun Pharmaceuticals Industries CMP is 969.90. Negative aspect of the company is high valuation (P.E. = 27.5). Positive aspects of the company are Sun Pharma is a no debt company with improving annual net profits, improving cash from operations annual, promoter unpledged stake, FIIs are increasing stake, MFs are increasing stake.
Entry after closing above 974. Targets in the stock will be 1001, 1027 & 1054. Long term target in the stock will be 1073 & 1134. Stop loss in the stock should be maintained at closing below 850.
WYNN Broken support line, channel, 3 attempts to recover resulting in 3 inverted hammers rejections on support turned to resistance it seems, PT $94 $92 $85 respectively unless it recovers the channel. Risk reward favors a trade short risking daily lose above 102
MCD McDonaldsbearish posture short term, just lost 50MA, vol profile favors a pull back to 275 which is also .618 Fib
Necklace Pattern Series- "Bector Foods"How nicely Necklace Pattern is being shaped.
A Necklace is when stock goes down 90% & reaches back to its old lifetime High...Monthly TF clearly indicates target above Life Time High! Its re-claiming its past glory!
This is also called as rounded bottom, but since its re-claiming its old High, its no more a bottom, right?
Necklace Pattern and Trendline Break Out = WABAGThis scrip showing high potential to move up with 2 factors as mentioned in subject line.
1. It has Necklace Pattern follow up &
2. Its breaking Trendline.
eClerex making some clever movesEClerx Services Ltd. is an IT consultations & outsourcing company. It provides services based on process management, change management, data driven insights advance analytics etc. The company serves sectors like finance, telecommunication, media & software etc. eClerx Services CMP is 1394.70.
Negative aspects of the company are declining annual net cash flow. Positive aspects of the company are improving annual net profits, no debt, FIIs increasing stake, MFs are increasing stake, promoter holding increasing & zero promoter pledge.
Entry after closing above 1411. Targets in the stock will be 1446 & 1496. Long term target in the stock will be 1557 & 1681. Stop loss in the stock should be maintained at closing below 1224.
