Panchalk

Panchalk Updated 

JK paper broke out of the triangle with very good volumes...climbed 13% today CMP - 200 Target 1 -216 Target 2 - 260 ( this is a small cap and one should e very careful when trading them. Small positions and SL are key. Thus is an idea.

Panchalk Updated 

PEL has been trading with good volumes whole of last year and this year..it has potential to reach 3224. Targets highlighted by horizontal lines. Trade with SL. Do your own research.

Panchalk

Raymond has BO'd out of the channel and could reach 479. Fundamentally not a very solid company, I would not trade for longer periods...Do your research. This is an idea, not recommendation to trade. Targets are highlighted by horizontal lines.

Panchalk

It has taken support 4 times, is doing higher highs and could start moving up the channel...could reach 470+. keep watching. This is a small cap. This is not a recommendation to trade, it is an idea. But out of all small infrastructure companies this is doing the best. Good order book and ROE, ROCE, ROA all are quite impressive.

Panchalk

KEC is on verge of BO. it has been trading with good volumes today..it is in a channel pattern... 2 support ( marked by black arrows) and 2 resistance levels....BUT the tradable setup is AT LEAST 3 OR MORE S&R points ( Investopedia). sometimes we break the rules and trade and that is the RISK WE TAKE. CMP - 437 )( already 5% up) target 1 = 473 target 2 485

Panchalk

techm is looking good to move up after BO from triangle pattern. CMP 1070 Target 1 1152 Target 2 1182 target 3 1323 This is an idea.

Panchalk

Wabco has broken out of channel and moving up...alredy 12% move today.. CMP 7600 Target 7711, 8280, 8580...these are for swing traders..

Panchalk Updated 

Greaves looks good to move up..it has broken out of the triangle pattern with ok volumes..now if it crosses the important RESISTANCE LEVEL of 156 it could scale 170 also...this is an idea. Please do your own research. Cheers.

Panchalk Updated 

Guj Gas has broken out of channel few sessions ago..If the broader market is steady this stock has potential to reach 770. Look at it from a positional trade ( at least for whole of June) point of view. Not for short term or intraday. Target 1 - 631 Target 2 770 All targets are marked by blue horizontal line Please do your own research before trading. This is not...

Panchalk Updated 

The stock has formed a triangle pattern in weekly TF and could have a break out...Targets marked as horizontal lines..If the markets are weak tomorrow there could be a breakdown also...but let's be optimistic

Panchalk Updated 

This is how a classic cup forms....where the cup/candlesticks dip ( semicircle) the volumes reduce drastically and at the edges there is bloating of volume...the handle has NOT formed yet...and we either wait or follow the curve up..especially if the stock moves up with good volumes...let's wait and see how it develops...this is purely for educational...

Panchalk

Mishra Dhatu Nigam is the biggest producer of super steels and titanium alloys...these are speciality products used in defence, space, and power industries...it has bounced up from 200 EMA ( in red colour) and looks good to reach 230, 279...targets market by horizontal lines. This is an idea, not advice to trade.

Panchalk

Rajesh Exports is the largest manufacturer of gold products in the world. It is also the largest GOLD COMPANY in the world. And also the largest refiner of gold in the world, it processes 35% gold in the world...nice credentials, and it is good to reach 654 and beyond...Targets highlighted by horizontal lines. Trade at your own risk. Do your own research. Cheers.

Panchalk

GMDC has broken out of a flag pattern with decent volumes. Could reach 82. CMP - 78.25 Targets 82, 90... Trade with SL, take small positions. This is an idea, not advice to trade.

Panchalk

Wabag has an order book of 10700 crore for 2021, but the Sales growth in last 5 years has been an abysmal 2.5%, promoter holding is 22%, ROE is 8.5%, It is showing profits but not paying dividends...it appears as if there is hardly anything good happening...but today it has broken out of the weekly channel with good volumes...and most importantly it has crossed...

Panchalk

Ashoka is just below the 200 EMA, very important MA...if it pops up above it and doing good volumes it could reach 119...Trade cautiously. Put a SL. Do your own research. The channel pattern is plotted on weekly TF

Panchalk Updated 

Responsive Industries is in a flag pattern in weekly TF...if you observe the VOLUMES, you see that the red bars ( when stock went down) are quite small, as compared to the green bars - in the rectangular portion of the flag ( called Fly) which is a very positive sign...if it breaks out it can reach 200. CMP -160 Target 200 This is a small cap. Quarterly Earnings...

Panchalk Updated 

FSL is looking good to reach 175 for short term or intraday....Target is 197 but that is for longer term...It has climbed out of the channel few days ago, so ideally you should take the trade when the stock comes out of the channel with GOOD VOLUMES, for best risk/reward ( that is the best case scenario but you can still go ahead and trade after considering other...