tanrakesh

tanrakesh

Near to short term target of 4800-4910 .. After one more correction the stock is to be bought into near to 4200 level for a long term target of 7100. As it has been long since company has declared bonus and moreover company earning are to grow in leap and bound.

tanrakesh

we have a target of 775 if crosses 780 and remains their for 2 days we can easy go upto near 888. as suggestwed buy FIBO EXT and trend line resistance.

tanrakesh

taking support at 385 the share looks promising. In 5(3rd) after completing 5(2) .9.55 rs dividend low 385 high expected 418- 20 if crosses 422 then trg 440 -47 , bonus candidate and can get lithium mining with Moil .Metals in uptrend last unmove going. Can cross 500 once good news comes in , company is having good book value conducive for bonus. And aluminum/...

tanrakesh

after completing correction in 4th wave share making higher low and looking for breakout of contracting triangle accumulate for a longer period of time for higher return. Icing on cake is 8.50 rs dividend which translates into approx 4% yield.

tanrakesh

After completion of 4th wave share volume delivery volume are rising and from last 4 days are above 90% .Has a high book value of 1654 on march 23. share capital constitutes 90% of bonus promotor hold directly 38% and through sundaram fin 18% and NBFC 18% i.e total 75% approx 8.3% are held by FPI only 17 % is with public that to some family member holding large...

tanrakesh

IN 5th wave target achieved as gone above trendline as always happens in 3/5th wave and metals are in 5th wave . RSI above 90 indicating highly overbought conditions.

tanrakesh

on weekly chart positive divergence and trendline support buy at 279-80 level and sell near to 480 level . make handsome profit.

tanrakesh

After topping at 4325 approx and end of 3rd wave script is making lower high and lower low . In 4th wave script is likely to bottom out at 3800-3850 wait for another 30- 60 days to buy this script again.

tanrakesh

after completing 3rd wave share making lower high and lower low . presently in a.b.c wave expected price on correction og 4th wave lasting about 2 months price of 3800-3850 would be a good price to enter.

tanrakesh

after coming to low of 400 odd rs the chart has made inverse head and shoulder pattern and we have a target of 475. Once 449 is crossed you will see fast rise.

tanrakesh

target of basf achieved of 3rd wave and trendline resistance also. sell near to 4340 and make merry as stock was earlier recommended at 1600 rs for a long trg of 4200 approx.

tanrakesh

petronet is ready to blast from inverse head and shoulder pattern . We have a target of 410-420

tanrakesh

ready to breakout .positive divergence in weekly chart giving imputus to chart and a rally might fructify soon as near to breakout target of 3rd wave 387 . buy on every dip.

tanrakesh

though share price is progressing buy MACD showing some profit booking at 183-84 level we have a trendline resistance at 185-87 level. Long target min 229 as per wave analysis.

tanrakesh

We are at neckline we might see an end to corrective wave A as market is not that bearish buy with a small stop of 50 rs in the days to come we have a target of 2700 to 3000 for 5th wave as the stock might accumulate for next 1 to 2 month before any meaningful impulsive wave. A cash rich company with good dividend and bonus track record.

tanrakesh

once crosses 3565 , 10 days moving average will show bounce from neckline and will be bullish once crosses 20 days moving average3634 will be bullish for stock. buy with a small stop loss and trail it . 200 DMA 3653 for more strenght and trend to become bullish .MACD hourly showing bottoming out .

tanrakesh

Buy with a price target of 183-86 as per trend . Trend is positive and long term 3rd wave target minimum 229 .

tanrakesh

positive divergence in hourly chart and indicating end of fourth wave .Once crosses 1050 level will show more power for a target of 1400-1500 level. company has more investments then its present value . Its equity consists of 99 percent bonus . now again ripe for bonus and quite possible split also.