Prasad_Chenchu

Prasad_Chenchu Sep 22, 2024

Technicals: 1) HDFC Bank share was in a range for almost 3.8 years. 2) Despite seven previous attempts, the price failed to close above the trend line, but on the eighth attempt, it successfully closed above it. DISCLAIMER: Strictly for discussion purposes only, not for making investment decisions.

Prasad_Chenchu Sep 3, 2024

Updating the 15-minute chart that was previously posted earlier in the day with a one-hour time frame chart.

Prasad_Chenchu Sep 3, 2024

1) Based on my previous Nifty ideas shared on August 6th and 16th, 2024, the Nifty is still holding above those patterns 2) Now it has also formed a new pattern along a steep trendline that started on August 19th, 2024 and is ongoing. 3) Currently waiting to see if there will be a bounce or a fall from this trend line. Disclaimer: For discussion only

Prasad_Chenchu Sep 1, 2024

Technicals: 1) A triangle pattern has formed since Jan'2021. 2) The breakout from that pattern occurred after almost 3.5 years. Please provide ideas if any... ***Disclaimer: Strictly for discussion purposes and not for making decisions on investing in the stock

Prasad_Chenchu Aug 16, 2024

Technical: 1) A rising wedge pattern was formed from 5th August until today. 2) At 3 pm today, a bullish candle crossed the upper trendline. 3) The following candle successfully sustained above the trendline. 4) Building on my previous Nifty idea on 06th Aug'24, the Nifty is still holding above the rising wedge trendline on a higher time frame Please consider...

Prasad_Chenchu Aug 6, 2024

Technicals: 1) Nifty is just above the Rising Wedge pattern 2) May fall or bounce from the pattern lines ***Disclaimer: The above details are only for educational purposes.

Prasad_Chenchu Aug 1, 2024

Technicals: 1) In October 2023, the stock of Angel One broke out from a consolidation range that had been forming over more than 27 months. 2) It increased by over 95% from its original price and has since retraced back to almost the same consolidation range. 3) Currently, according to Fibonacci analysis also, it is retesting the Golden ratio levels and 4)...

Prasad_Chenchu Feb 17, 2024

Technicals: --> Price trading at support which was formed over 6 months period Fundamentals: --> Stock is trading at 12 times PE, 1.99 times PB, Earnings Yield @ 11.5% --> D/E - reduced to 0.30 during FY, EPS increased QOQ N YOY --> Approved Buyback of 3.74% of total paid up shares at Rs.450 --> Promoters Holding at 60% of overall shares, 25.25% of which is...

Prasad_Chenchu Feb 17, 2024

Technicals: --> Seems that during July 2023, the price of the asset took support on the trendline which was formed back in May 2021. --> From that point on, the price moved to complete the cup and handle pattern and also broke out of the pattern. --> After breaking out, the price had retested the new support levels formed basis C&H pattern. Please suggest if any...

Prasad_Chenchu Feb 10, 2024

TECHNICALS: ---BO FROM CUP & HANDLE PATTERN. Pattern started forming from 2016 and completed this week by providing a BO Fundamentals: 1) As per Moneycontrol: Appx 20% promoter stake. Of which 99% is pledged. 2) However, company's borrowings are at negligible level. 3) As per Trading View: Earnings yield, PE Ratio, ROE all are in negative. 4) But found OPM% for...

Prasad_Chenchu Feb 7, 2024

Technicals Round bottom completed from 2018 to 2021 and a contracted round bottom also been completed from 2021 to 2023. Price is sustaining for 5th consecutive week above 6yrs high for 5th consecutive week. Please let know if any mistake or omission to enlighten myself in the process of learning

Prasad_Chenchu Feb 7, 2024

TECHNICAL Breaking out of range formed from 2017-18 to till date Please highlight if any mistake or miss out so that i can enlighten myself in the process of learning

Prasad_Chenchu Feb 7, 2024

Technicals Broken out of a range formed from 2019 to till date and currently retesting Please highlight if any mistake or miss out so that i can enlighten myself in the process of learning

Prasad_Chenchu Feb 7, 2024

Technicals Broken out of range formed from 2017-18 to till date Fundamentals LOW PB & LOW PE & LOW D/E Please highlight if any mistake or miss out so that i can enlighten myself in the process of learning

Prasad_Chenchu Feb 6, 2024

Technicals First round bottom has been completed in 3.5 yrs appx. and subsequently, a contracted round bottom has formed and about to complete Fundamentals Low PB, Low PE, Decent avg. earnings yield, D/E < 0.5 Please suggest if any miss out or any error to enlighten myself in the process of learning.

Prasad_Chenchu Dec 19, 2023

Technicals Triangle pattern formed from the time of Covid has just given a Break out with strong Bullish candle Fundamentals Bank faced difficulty in recovery of its loans issued post Covid from Jan'21 and that was the primary reason for fall in its price Although there was a rating downgrade on Bank-NCD by an analytical company yesterday. As per my...

Prasad_Chenchu Dec 7, 2023

On the Technicals, 1) First, small round bottom has been completed to hit the first target 2) Second, awaiting for BO from the First target line with Good candle post some consolidation 3) Third, Once BO happens then expecting it to hit the second target On the fundamentals, Stock is decent on majority of the aspects as of today. Please let know if there is any...

Prasad_Chenchu Sep 23, 2023

On the technicals, 1) Stock price has been taking support at a Trendline formed over 4 continuous years 2) Inside candle formed in the Weekly Time Frame and price has managed to close above the 30 week moving average 3) Retracement at 0.5% of Fibanocci is on progress. (Fib levels measure from this year low) 4) Stop loss could be 4% with a target of 13% & above...