Deepak Nitrite: 18 months of sadness 😞This Analysis was requested by @anerishah269
The chart should tell you everything you need to know about NSE:DEEPAKNTR :
However, Below are some 'good to know' pointers:
- The Price action is completely sideways in nature with clearly marked support and resistance zones
- The price has been consolidating for over 18 months now
- Owing to the sideways nature, the breakout of the trendline did not have a huge impact on the price momentum. The price immediately took a rejection from the resistance zone and gunned for a retest.
- Bearish crossover of MACD on a weekly TF is a negative
- The PE ratio has worsened
- The Psy. levels of 2000 and 2500 are at play
- We can expect some good momentum once either of the zones is broken. Until then, it's hold the fight and sit tight situation for us.
What should we analyze next?
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Twtc
FINEORG: 3 Technical Possibilities 👌Okay, This one was requested by @Saikumarvsk
The Chart should tell you everything you need to know. But here are some specific pointers:
- The price looks to be in a consolidation mood
- We have a support trendline at play
- The Support and resistance zones are clearly marked
- The Psy. levels, 5000 and 4000 are positioned near the support and resistance. They will add to the strength of respective zones.
- The price is trading below the 200EMA on daily TF
- The MACD shows a slowdown but no bearish crossover yet
- It is too early to predict future price action at this point but below are some technical possibilities.
- Before we go there, Would you give us a boost for motivation? The more you like our posts, the more we will post.
1. ascending triangle scenario
2. Sideways consolidation.
If the price takes this route, The breakdown of the support trendline may not have much impact on the momentum.
3. Breakout of either zone (support or resistance zone).
A break and close above or below the zone may trigger a good momentum.
What is your take on Fine Organic?
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VTL: Breakout - retest - Continuation?The chart is self-explanatory as always :)
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⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
HDFCBANK: A technical outlookThe chart is pretty self-explanatory as always :)
What do you make of this price action?
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⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
GUJARAT GAS: Gap filling due??The chart is pretty self-explanatory as always. But as usual, Below are some good-to-know pointers.
- The price has been stuck in a range for about a year now
- The support zone is holding up. But for how long, we do not know.
- The best case scenario will be the break of the support inviting sellers followed by filling of the long due gap and a recovery. Again, this is a scenario, not a prediction.
- If the support holds, We will see a good up move only when the crucial resistance zone is broken and the price sustains above it.
- Weekly Moving averages have negativity written all over them. The 50EMA has crossed 100EMA. The price is trading close to 200EMA after taking support from it.
What do you make of this price action?
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⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
SBICARD: Immediate resistancesThe chart is pretty self-explanatory as always :)
What do you make of this price action?
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⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
KOTAK BANK: The WIPRO of Banking sector!The chart is pretty self-explanatory as always. Also, as usual, below are some good-to-know pointers:
- The stock has been range-bound for 2.5+ Years with clear support and resistance
- The 2000 mark holds a strong resistance
- The stock has a death cross on its daily chart
- The PE has slightly improved
- Now to the breaking news:
- Mr. Uday Kotak has resigned as the MD and the CEO
- The market may take it either way.
- Given that the stock did not do well in the last 2.5 years, a change in top management may be viewed as a positive change
- Given that it is Mr. Kotak who resigned, It may also be considered as a blow to the bank's leadership. However, Uday Kotak still holds more than 25% shareholding in the company. He would definitely continue to be the mentor for the upcoming CEO
- The next couple weeks will tell us the overall view of the market
What do you make of this price action? Will it plunge on Monday?
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⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
BALKRISIND: Interesting Price ActionHey There! The chart should tell you everything you need to know about NSE:BALKRISIND
Below are some additional pointers:
- Huge candle breakout: Such breakouts usually show exhaustion and loss of momentum
- Volatile long wick candles: The recent 3 Month consolidation at the resistance zone shows indecision.
- RSI has a Bearish Divergence (-Ve)
- MACD shows reduced bearish momentum (+ve)
- A break and sustenance of the resistance zone will be crucial for further up move. The Psy. level of 2500 sits strong at this zone.
- A break of the support zone may either mean a possible retest or a return to the previous consolidation range. The future price action will guide us w.r.t it.
What do you make of this price action?
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⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
SIS: 6 Years = One plate Pani Puri!Here is one interesting case study showing that despite good fundamentals, some companies will underperform.
- SIS was listed at a price of 815 in 2017
- It later had a stock split from FV of Rs. 10/Share to Rs. 5/Share. For every share exchanged, Investors got 2 shares.
- So, technically with the current price chart (post-split), the adjusted listing price would be half i.e., around 410
(Example: say, the value of the company was 500 with 10 outstanding shares, So the value per share was 50. Now, after the stock split, outstanding shares became 20. So now the value will be 500/20 i.e., 25.)
- CMP is 440
- After 6 long years, Investors received an appreciation of 30 Rs + Rs. 9 as dividends. We are a rupee short for a plate of pani puri here in Mumbai :P
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⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
RADICO: A channel of Weakness??The chart should tell you everything you need to know about NSE:RADICO
However, Below are some good to know pointers:
1. After breaking the ATH Resistance, The price failed to hold above it.
2. A minor divergence in RSI on weekly TF showing weakness
3. Bearish Crossover on MACD is another negative
4. The price trades below 50 and 100 EMA on Daily TF. The price will soon be testing the 200 EMA.
5. PE ratio has worsened - same price comparative approach
5. We do have a 38.2% Fibo support around the CMP
Although, There is always a possibility of a quick rebound showing retest and continuation. A break of the channel should tell us the further course of action.
What is your take on Radico??
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⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
AMARAJABAT: It is time?🚀🌕The chart is self-explanatory as always :)
In addition:
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BIRLACORPN: Mixed IndicatorsThe chart should tell you everything you need to know about NSE:BIRLACORPN .
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What do you make of this price action?
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⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻