Swastik24

Swastik24

A nice cup with handle pattern is in play. It is best to buy at the bottom of the handle to minimize the drawdown and maximize the reward to risk ratio. The broader view shows, the price is moving in an ascending channel pattern. Currently price is ranging near 600 which is also at 200 days MA & bottom line of ascending channel. Strong bullish divergences observed...

Swastik24

It is the 2nd largest Indian manufacturer of gelatin capsules with almost three decades of experience in the industry. NCL is geared to bring about monumental changes in its approach towards its business. With the ongoing CAPEX, the Company is enabling itself to become the market leader in capsules business and positioning itself as a dominant player in the...

Swastik24

Chart is self explanatory. Borrowings seem concerning initially but those are lease liabilities. Fundamentally overvalued but turnaround potential is there. India's second largest pharmacy retailer with 4089 stores and expanding. Do your own due diligence before taking any action. Peace!!

Swastik24

The price is moving inside an ascending channel. Today price has bounced at the trendline support above median line of the channel. If price sustains above median line in near term then chances are highly likely to achieve 5X target around 7500 level in 2 years max. Fundamentally it is highly undervalued. FIIs & DIIs have decreased whereas promoters have...

Swastik24

As you see the price is moving inside an ascending channel. It broke out of trendline resistance in August and now retested for potential upside. RSI is adding more confluence by showing strong bullish divergence. It is currently trading at a forward PE of 14+ whereas the industry PE is around 28. A gem amongst its peers with robust fundamentals. Do check its...

Swastik24

Price has broke out of a cup with handle pattern and has retested the support. Good to enter at CMP with its technical target at 300 and SL at 162. Around 70% ROI in medium term with 9:1 R:R. Robust fundamentals. Do your own due diligence before taking any action. Peace!!

Swastik24

Volume is drying up with volatility kicking in. I don't see any further upside. Better to look for exiting opportunities or trail with stop loss. It has formed an ABC wave on cycle degree with target range highlighted. Do your own due diligence before taking any action. Peace!!

Swastik24 Updated 

Expecting a fall of around 7% towards 950 Billion level as per the broadening wedge pattern after which a massive 90% rally will happen towards 1.8 Trillion level. This 7% fall will sweep the liquidity to fuel the upside move and is highly likely to happen. I see downside in BTC chart as well to corelate with this scenario. Good to look for investment...

Swastik24

Expecting a fall of around 17% towards 22000 level as per the WXY correction after which a massive 120% rally will happen towards 49000 level. This 17% fall will sweep the liquidity to fuel the upside move and is highly likely to happen. This is in correlation to Crypto Total Market Cap which is linked below. Good to look for investment opportunities during this...

Swastik24

Potential reverse head & shoulder pattern forming in NATCO PHARMA LTD. Fundamentals are quite good with highest ever net profit in Q1 2023 Expecting entry around 790 level with the technical target of 1350 (70% ROI) Stop loss below 750 (optional) Do your own due diligence before taking any action. Peace!!

Swastik24

Price is consolidating after breaking out of the triangle pattern. RSI is showing strong bullish divergence. Its technical target is 510+ Good to accumulate for an upside of 54-55% in medium term. Stop loss should be below 312 (Optional) which makes this 10:1 R:R setup. It has a strong potential to cross 600 in long term (almost 82% upside in about a...

Swastik24

A potential cup with handle pattern is forming which can lead to a technical target of 1925. RSI showing strong bullish divergence on daily TF. Good to accumulate around 850-900 levels for the following targets: Short term swing target of 1400 (55% ROI with 3.33 R:R) Medium term swing target of 1925 (114% ROI with 6.83 R:R) Long term positional target of 2800...

Swastik24

Price broke out of the ending diagonal and strong bullish divergence with RSI signifies trend reversal. Good to accumulate around CMP for the following targets: Short term swing target @ 460 (47% ROI) Medium term swing target @ 520 (66% ROI) Long term positional target @ 640 (104% ROI) 100% ROI seems achievable within a year. Rise in PE is due to decline in net...

Swastik24

Self explanatory. Do your own due diligence before taking any action. Peace!!

Swastik24

Currently price is ranging around important key level. Multiple patterns are forming on this chart such as triangle, pole & flag and a big cup with handle. The huge volume activity since November 2022 till now indicates more towards its upside potential. Only 1.75 % of the shareholding is with DII & Public, remaining 98.25 % is retained by the promoters. Today...

Swastik24

It's simply the best time to exit ZOMATO according to me. I have updated the wave counts for your reference. It's most likely to form a WXY pattern on a cycle degree. Wave Y may form ending diagonal in 5 wave formation with a downside of upto 26 level. A fall of around 73% from CMP. I am just sharing my views here. You do your own due diligence before taking...

Swastik24

A rounding base (saucer bottom) has formed in which a reverse H&S pattern is clearly identifiable. As per the chart pattern, it's technical target is near it's ATH at 897 which seems achievable in the short term. Good to buy at CMP for a target of 897 with SL below 635 (35.6% ROI with 8.9:1 R:R) For best results, buy while the breakout is happening with huge...

Swastik24

Chart undergoing Triple (WXYXZ) correction as highlighted. Pattern invalid if price closes above the red zone. Hope I am wrong, otherwise the price can fall back to 23 level if triple correction plays out. Do your own due diligence before taking any action. Peace!!