Since the auto sector is doing good, most of the auto ancillary stocks along with Auto stocks have given a BO
Maruti which already gave a BO last month, holds supports from 2/1 gann angle showing more bullishness
Looks good to reach to that long term trendline resistance marked in Red
Safe entry above 86.5 based on weekly closing basis
RSI is above 65 and Volumes are also good
NTPC looks bullish in the long run as it breaks out of the critical Gann box levels and RSI > 65
PS Nifty PSE sector looks good as well after it has given a BO
Stock PE - 8
Profit growth - 2618% +
Order book - 1740+ Cr
Company done many real estate projects in pune city
Huge potential in future
Looking really good technically too with more volumes and forming a nice setup to make a new rally.
Candle is at my favorite position on Gann Square.
Capacite Infra:
Looks good to break the important level at 207 with more volumes coming in this week.
Expected to give a decent run once it crosses 207
Looks good to break one of the Gann box levels and take entry only after that @59 based on closing basis
RSI is showing strength as well above 65 on daily TF
Volumes picking up and it crosses the volumes of last few daily candles in less than an hour of trading day today
The price touched the downtrend line on the daily time frame
With the price completed for a full price cycle
With a bearish flag pattern forming on smaller timeframes, and negative divergence as well
Looks good above 130 once it breaks out of the long term trendline
Fundamentallyba decent stock as well
Monthly candle is placed in a bullish area on the Gann square.
Entry can be taken only above the Trendline.
Expected to give a good movement in this month as monthly RSI is showing strength above 65 and also the candle is at a bullish area on Gann square and above one of the Gann box levels
PSE Sector is expected to give a run up in the next few days where Nifty is expected to retrace in this period.
It might probably reach upto the Trendline resistance and then analyse further at that time.
Micro Cap
Looks good technically and fundamentally decent stock as well.
Delivery good quarterly results too
Weekly candle BO and in to the new Gann level zone.
Weekly closure above 818 is a good entry or wait for the retest of the Trendline and can enter
Delivered good results and technically looks good as well
