ssudhirsharma11

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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...

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#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...

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#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...

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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...

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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

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#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...

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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)....

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#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.

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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...

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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.

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Archean chemical since Feb'23 multiple times has tested resistance of 680/677. A day close above this level can bring fast movement and take this towards 1)716 2) 733 3)772 4) 813 5) 855 6) 862 7) 915(imp level). Once 855 is crossed I will bring trailing sl of remaining quantity at 772/813 and will try to ride the trend. Since chemical sector is currently under...

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Although I am not so bullish on Metal sector overall but Kalyani steel has made a beautiful cup & handle/Rounding bottom formation on weekly time frame which got me interested. Also this week Kalyani steel has given all time high weekly close at 471 and if price manage to give 2 close above 472 then upside targets for me would be 1) 574 2) 628 3) 705 4) 849. Once...

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TATA elxsi on weekly time frame has made nice cup & handle pattern. And if we calculate the depth of this range then we can expect around 25-27% upmove till 10000/10294. Off course there are multiple resistances at 1) 8627 2) 8953 3) 9420(important FIB resistance) where booking some profit or trailing SL will make sense for me. Let's if this stock can give some...

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Escorts has corrected around 5% this week and has closed near its low of 2794. This means next week it can remain under selling pressure and test support of 2743/2675. Any pull back towards 2846/2927 will be good short opportunity. What are your views on this, let me know in comments. Thanks for reading and happy trading.

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Divis lab on daily time frame has made a rounding bottom or cup n handle pattern. Also it has closed above trend line resistance of 3712. Once it manages to sustain above 3813 then it can try to touch 3974/4120/4331/4527. Once 4100 is crossed I will bring my trail sl either at cost or at 3974 to avoid any loss in this trade. Let's see if Divis listens to my...

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Tata chem is moving in a tight range Since Apr'23 and making higher low's but not higher high. In my opinion going long at 970 with small SL below 940. We can add till 950 also or enter at 947/950 to reduce risk in the trade, on upside targets can be 1) 1021 2) 1039 3) once 1039 is crossed bring SL to cost or 1021 to ensure no loss in the trade. I think spring...

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Naukri on daily time frame has reached its resistance of 4544 which it has not crossed since Aug'23. Pattern-wise, I can see cup & handle formation but RSI is also at its resistance level of 72.64. So I will plan to go short tomorrow if there is any sign of reversal at 4550/4580 level where my SL will be very small. If price can sustain above 4577 at least for 1...

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NMDC on weekly time frame is making a pattern named after a popular shampoo brand, "Head & shoulders :). Generally in Inverted head shoulder pattern breakout we can calculate the target basis range breakout method, so according to me above 134.5 it should touch 191 in coming months. But before touching 191 there are multiple resistances at 142/150/157/169, so we...