Cables have good demand. Polycab making bullish breakout from descending broadening wedge pattern and the subsequent targets are 5528.50, 5929.85, 6403.60 and the weekly pivot is at 6494.00. Around this level is 61.8% fib level 6427.55 so there is more supply (selling) in this point.
Mazdock renowned shipbuilding company has constructed 801 vessels since 1960, including warships, submarines, cargo/passenger ships, and offshore platforms. Order Book As of Q2 FY25, the company’s total order book was Rs. 39,872 Cr, which includes 37 vessels scheduled for delivery. Order Book Mix: Shipbuilding: 70% Submarine and Heavy Engineering: 30% ...
EID Parry is one of the top fundamental company in sugar industry. And EID parry is among the Murugappa group of companies. One should watch Murugappa group of companies. They are all very good. Seeking to curb carbon emissions, India aims to increase the share of ethanol in gasoline to 20 percent by 2025-26, from 13 percent -14 percent now. Indian sugar mills...
Re-publishing chart after updating zomato as eternal ltd. After double top formation, e-commerce still looking bearish. So far HH-HL formation not formed even in daily chart. Trendline hasn't broken out. Technical indicators are weak with no momentum. 12431 would be pivot point.
Archean chemical industries is a leading specialty marine chemical manufacturer in India focused on producing and exporting bromine, industrial salt, and sulphate of potash across the world. Archean is the largest exporter of bromine and industrial salt in India and has amongst the lowest cost of production globally in both bromine and industrial...
Created custom index on ACC, AMBUJACEM, DALBHARAT, SHREECEM, ULTRACEMCO. Cup & handle breakout. Long buildup could also be seen on Ambuja and Shree cements. Pivot R2, R3 and target of cup is shown on chart.
Created custom index with following scrips. BDL, BEL, BEML, COCHINSHIP, DATAPATTNS, HAL, SOLARINDS. These are some major aerospace-defence companies. This custom index gave a bullish flag breakout. Huge upside potential based on flag pole as target. Pivot R1 itself has approximately 34.5% upside potential.
CDSL after reaching ascending triangle target exited parallel channel and corrected 37% and now taking up bullish reversal. Could see breakout in price chart of Daily timeframe. Also RSI breaking out after base formation. Weekly chart Bullish engulfing candlestick pattern.
Kotak bank breaking out from consolidation rectangle pattern of about 3.18Y. Rectangle is a continuous pattern and likely to continue the uptrend. Soon ATH breakout and would reach 161.8% fib level after pivot target of 2376.5. RSI also had a clear breakout in weekly timeframe. Also higher timeframe looks good.
TdPowerSystem Daily, Weekly chart bullish reversal
Nifty metals making price and RSI breakout across multiple timeframes. Higher timeframes also looks good.
Voltamp Daily chart shows bullish reversal. Capitall goods custom index showing bullish reversal. Voltamp RSI shows bullish divergence. 5 week consolidation in that zone. Weekly RSI also double bottom formation. 30% upside potential to 9150-9250
Mazdock after good Q3 descending triangle breakout. Usually descending triangle is bearish pattern. Let's see if the target 3539.40 gets reached (height of the triangle)
Cables - Power Custom Index D chart. After bearish shark harmonic pattern custom index took all time support and taking bullish reversal. RSI breakout. And trendline breakout as well in price chart.
Kalyani Steels after achieving the target of 1179.50 exited parallel channel and held support at 700 range. Bullish reversal happened at 704.20 (mar 3) and bullish reversal confirmation at 721 (mar 17). Dec 17 '24 ATH to Mar 3 '25 precisely 44.86% fall as anticipated. Now price chart in daily timeframe showing double bottom with inverted hammer (Mar 19) along with...
DYCL Dynamic cables daily chart. After exiting parallel channel, DYCL made double top formation and fell 41% breaking down neckline during Jan-Mar '25 correction despite good Q3 result YoY. Now Daily chart displaying double bottom formation in price chart and RSI. Mar 18 shows bullish harami and Mar 19 shows inverted hammer. Bullish patterns in daily chart. So...
Nifty50 RSI breakout in daily timeframe. Soon, breakout will happen in price chart and head towards 29K mark. Could witness many scrip had breakout in RSI & Price in daily timeframe.
Anand rathi wealth is a fantastic wealth compounder fundamental stock. Company has posted more than 30% growth in sales and profit in Q2. Consolidation will breakout soon with a potential of 50%.