Panchalk

Panchalk Updated 

All hotel stocks are on an upswing...Chalet has broken out of channel and moving up. I am not a big fan of hotel stocks..most have bad numbers fundamentally - but for the short term they are ok

Panchalk

AU small finance is placed in such a position that it could either move up in the triangle pattern ( then we could see a 20% move) OR it could breakdown and slide to next support level of 818. We have to wait and see also how the Bank Nifty moves. Targets marked for up move. This is the weekly time frame. A small idea - chart patterns are sometime not evident on...

Panchalk

Teamlease has been doing higher highs and higher lows in the expanding channel...IF it keeps doing that then next target is possible. OR it could slide down in the channel...the broader market has been bullish for the large part so let us be optimistic.

Panchalk

Alkem Labs break out from channel, retest and move up. Targets are 4087, 4297, 4868..This is idea, not a recommendation.

Panchalk Updated 

This pattern was plotted in June....and you can see how it has moved up..i have plotted a flag pattern also for the same stock...and posted it

Panchalk Updated 

McDowell has BO'd from channel, weekly TF. Targets marked...I have not taken any position yet because it has just popped out of the channel,

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VRL Logistics moved up 19% today with breakout from channel...i would wait for it to retest the channel and start moving up again, before taking any positions...that is the best way forward....mind you it could also keep moving up...so it is your call. Targets marked. This is an idea, not a recommendation to buy or sell. Put stop loss when taking any position.

Panchalk Updated 

BO from wedge like pattern and retested twice before moving up....bullish? let's wait and see...targets marked...you could think of holding it for some time at least...this is not a recommendation to buy.

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Zee has been trading with good volumes since some sessions...BO from channel and most importantly trading ABOVE 200 EMA ( wavy RED line). Anyone following me knows how important 200 EMA is. Targets marked. Caution - Zee has slid from its highs of 600 Rs to half that value..business is not too good ( compared with say Sun TV)....but one can never know why the...

Panchalk Updated 

Galaxy is a top company producing diverse range of products, and the largest manufacturer of oleo chemical based surfactants and speciality products with top MNC's as clients -P&G, Unilever, Colgate palmolive, Himalaya, Reckitt Benckiser, L'Oreal etc..with a 100% + growth in last one year itself..targets marked. let's see. This is not a recommendation, just an...

Panchalk

Let us see if Biocon breaks out of the triangle pattern..it moved 5.3% today, so it MAY happen..also it has been falling...if it does BO i would take a position when it reaches 390 or thereabouts. Targets would be 424, 446 and onward. Trading with SL is sensible. This is an idea, not a recommendation.

Panchalk

Stock has BO'd with good volumes..targets are not marked but you can consider 803, 1160 as targets.

Panchalk

This is not really a triangle pattern...but i have seen these ill formed ( sorry to use this word, but it is is true) patterns also work...targets marked..it is a small cap, but the 3rd largest player in cigarette and tobacco industry..this is an idea, please do your own research

Panchalk

Only for education - see the chart for explanation...if you plot charts regularly you can find a big move like this..

Panchalk Updated 

Balaji has BO'd from channel and is up 6% today...Targets are marked

Panchalk

Heritage has retested channel and started moving up...24% move is a possibility. last time it retested channel and moved 22%. targets marked. let us wait and see. Do your own research. This is an idea, not a recommendation

Panchalk Updated 

IF it breaks out of the channel pattern it can achieve targets of 1047, 1237. The company is one of only ten completely integrated flavour, fragrance and aroma chemical manufacturing companies in the world. That is a big deal, but even if we discount all that information and see its growth it is good.. last March (2020) it slid down to 133...right now it is...

Panchalk Updated 

Guj Alk is moving up INSIDE the channel...and a 14% move up is possible. Like i always say - we play with possibilities, so consider this as an idea, not a recommendation to buy or sell