Hind Zinc: Buy at CMP
STOPLOSS: Rs. 307
It seems to have taken a support on the weekly trend line, on which it is seen forming the higher lows. With the hammer pattern near the trend line support, it appears that the retracement/consolidation after the breakout may be complete and it may start the next leg of bull rally in which the stock is in.
NOTE: The above...
Buy at CMP
STOPLOSS: 212
RATIONALE: It has formed a rounding bottom pattern on weekly chart, over 2 years and broken out above the neckline in Jul-21. Tested the resistance at around 318 and has pulled back to the breakout level and confirmed the reversal on 03-Sep-2021 with a bullish candle. Seems a good positional buy for a long run up.
NOTE: THE ABOVE IS FOR...
SHILPAMED looking good with a 8 year cup breakout and CIP. Institutional holding has increased from about 11% to 17% over about 18 months.
Disclaimer: This is not recommendation to buy/sell. This is only to share learning, observations and personal views. Do your own analysis before taking any trading/investing decision.
