ssudhirsharma11

ssudhirsharma11

The Indian stock market experienced a significant downturn last week, with the Nifty 50 closing at 24,852, a substantial 400 points below the previous week's close. Despite reaching a weekly high of 25,333, the index ultimately settled within its expected range of 25,850 to 24,600. Looking ahead, a bearish outlook prevails for the coming week. The Nifty is...

ssudhirsharma11

#Nifty surged to a new all-time high of 25236 this week, gaining nearly 400 points from the previous week's close. As predicted, the market remained within the 25500-24200 range. For the coming week, I anticipate Nifty to trade between 25850 and 24600 . A break above or below these levels could trigger significant price movements. If Nifty can sustain above...

ssudhirsharma11

Nifty surged nearly 300 points last week, closing at 24,823. It reached a high of 24,867 and a low of 24,522. As predicted, Nifty remained within its 25,200-23,900 range. For the coming week, I anticipate a Nifty range of 25,500 to 24,200. Breaking these levels could trigger significant market movements. If Nifty closes above the strong resistance of 24,860 this...

ssudhirsharma11

Polyplex corporation on weekly time frame has closed above the strong resistance of WEMA100 & 200 this week. Above this week's high of 1311 it can try to touch 1516/1630/1680, below 1034 it will once again enter into bearish territory. I will try to enter at retest of DEMA21 around 1140/1137 where risk reward will be maximum. Tomorrow will be an interesting day...

ssudhirsharma11

#Nifty 50 index concluded the week on a positive note, climbing 174 points to settle at 24,541. The index danced within the anticipated 25,150-23,800 range, as predicted in the previous analysis. For the upcoming week, a similar trajectory is expected, confined between 25,200 and 23,900 . A breakout from either end could ignite significant volatility. The...

ssudhirsharma11

The Nifty index concluded the week at 24,367, shedding 350 points from the previous close. The index touched a high of 24,419 and a low of 23,893. A global market downturn, ignited by the unwinding of yen-funded positions, sent shockwaves through financial markets worldwide. Looking ahead, the Nifty is projected to oscillate between 25,150-23,800. A breach below...

ssudhirsharma11

#Nifty50 stumbled this week, closing at 24717, a 110-point drop from the previous week. While it danced between 25078 and 24686, staying true to its predicted 25400-24300 range, underlying daily chart weakness is undeniable. Yet, the weekly and monthly perspectives remain bullish. Expect Nifty to continue its tightrope walk between 25000 and 24400 next week. A...

ssudhirsharma11

#smallcap stock Dharmraj crop Incorporated in 2015, manufactures and deals in pesticides including concessionaires of public health products for pest control, insecticides, herbicides, fertilizers and allied products related to research and technical formulations. its 1120 cr company with decent PE VS ROCE ratio, FII increase their stake from 5.5% in Mar'24 to...

ssudhirsharma11

Nifty roars to new heights, scaling a weekly peak of 24,830, a sizzling 300 points above the prior week's close. This bullish run, marked by a high of 24,861 and a low of 24,074, was anticipated by many. As predicted, the Union Budget unleashed a wave of volatility, with the Nifty diving 2% initially due to increased LTCG, STCG, and the removal of indexation...

ssudhirsharma11

#Nifty50 ended the week flat, hovering within the predicted 25000-23950 range. Buckle up, because next week's Union Budget on July 23rd promises high volatility. Expect a wider trading range of 25250-23800. A breakout from these levels could ignite significant price movement. Remember my July 6th blog post? It highlighted Nifty's historical correction trend...

ssudhirsharma11

#Popular vehicles & services Ltd(PVSL), CMP 263, company is engaged in the business of automobile dealerships in India. They have dealrship with 3 brands Maruti suzuki, Honda cars, Jaguar land rover. They recently listed and what made me interested in this company is FII(7%), DII(10.26%) have 17% holding. Why are they holding such high stakes in a car dealership...

ssudhirsharma11 Updated 

HEG ltd cmp 1882, market cap 7264 cr, company is leading manufacturer and exporter of graphite electrodes. PE vs ROCE ratio is better as compared to another leading player graphite India. My concern is the fall in Operating margin trend. Holding% Dec'23 promoter 55.77( 59.62 Mar'21), FII 6.85(9.43 Mar'21), DII 8.85(7.41 Mar'21). Infact some new mutual fund...

ssudhirsharma11 Updated 

Heromoto since Feb'24 4th time has tested the fib resistance of 4954.A day close above 4954 can take this stock towards 1) 510 2)5177 3)5329 4)5473, below 4632 will be exit for me. Since my indicator is also not giving any negative signs, I have high hopes from this setup. Only thing is weakness in overall market can affect it. Lets see

ssudhirsharma11 Updated 

#Campus activewear on daily time frame is making a pattern on popular shampoo pattern, Head & shoulder. A daily close above 261 can take this stock towards 294/308. This is a company where around 12.5% stake is held by FII&DII put together and these big sharks never enter for small gains. Campus is going to publish their results on 28th May, so volatility will be...

ssudhirsharma11 Updated 

Genus power after breaking out in May 2023 has moved around 164% in a span of 1 year. Then corrected around 26% and once again it has started moving up. This week it tested a strong fib resistance level of 338 and if this or next week manages to sustain above this number then it can try to touch 1) 366 2) 387 3)398 4)413(imp level) 5)443 6) 463 7) 490(imp level)....

ssudhirsharma11 Updated 

#BSE CMP 2768, broke out on 1st April 2024 and since then has been consolidating in a small range of 2900-2700 and has made pole n flag structure along with an inside candle pattern. Breakout above 2894 can take it towards 2971/3005(imp level)/3093/3256/3435/3529/3663(imp level). Below 2529 it will become weak.

ssudhirsharma11 Updated 

Zyduslife on daily time frame has made pattern based on popular shampoo brand "Head & shoulders". Or it can be called as cup n handle also. If we calculate depth of the pattern then upmove of 12%, above 670 looks achievable. I have gone long at the retest of breakout level at 675. Once 730 is achieved I will book 2/3rd qty and for the remaining qty will pust cost...

ssudhirsharma11 Updated 

Star cement is consolidating in a tight range since 15th Nov 2023. If it manages to give 2 consecutive day close above FIB level of 174.4 then it should move fast towards 1) 177.45 2) 181.9 3) 190 4) 196 5) 199. Below 162 it will become weak.