Gokul Refoils & Solvent Ltd. (GOKUL) shares recently experienced a significant breakout after consolidating for 12 years since a high in 2010. The breakout, marked by strong technical performance and buying volumes, indicates renewed investor interest and a bullish trend. Previously in a long-term downtrend, the stock is now showing potential upside. In January...
The Nifty 50 Index is at a peak and is forming a pattern of lower highs on the 15-minute chart as of August 14. If it breaks out on either side, we could see a significant move, either up or down.
WS Industries, a Chennai-based company specializing in electrical and ceramic products, has navigated through several highs and lows in its share price over the years. Historical High and Recovery: The company experienced a significant peak in its share price in the early 2000s, with a high of around INR 275 in September 2007. However, the 2008 financial...
Small finance banks tend to perform well, especially during festive seasons when people buy a lot of electronic equipment. During these times, loan disbursements tend to rise. This trend is evident with companies like Bajaj Finance, which is approaching its all-time high. The same applies to Ujjivan Bank. An advantage for Ujjivan Small Finance Bank is the...
Observation: A trend line breakout has occurred, reminiscent of the Cup pattern observed in March 2018. Notably, there appears to be resistance around the 136 mark, with a longer-term target set at 196. Additionally, there has been a noticeable uptrend in trading volume. However, it's crucial to exercise caution, as a reversal may occur if it breaches the 106...
Taking into account NL @ 47.8, this refers to 1995 days or 5.4 years of the accumulation stage. We're looking for a breakout. Once it goes through, it should reach 60 without a lot of resistance and then go to 85 +. Price range: Rs 50 and above Target 85.8 + In addition, the energy sector has been doing quite well in recent years. TRIL offers a wide range of...
The Bank of Baroda 1st Strategy (Observe and buy with caution) When you take NL 144, you're looking at 1228 days or 3.36 years of accumulation. The price bracket is 146. Target-157 Strategy 2 (Buy) When considering NL 157.4, this refers to 1469 days or 4 years of the accumulation phase. The Price range: 164 and higher Target 1 : 228 (60%) Time: 6 to 8...
Brief about the company : McLeod Russell India Ltd. is engaged in cultivating, manufacturing, and selling tea. It works through the following geographic segments: India, Vietnam, Uganda, Rwanda, the United Kingdom, and others. The estate covers 27,360 hectares and produces the best tea in the world. It also produces 73 million kilograms of perfectly Blended tea...
A 4-year-old cup that is due for a break. The Buying Zone is above 291 + The target is 420 (6–8 months). The target is 492 (long-term). Note: This is not financial advice; it is only for educational purposes. Do your research ( DYOR).
If you look closely, it's a 14-year-old cup that is due for a break. The volume is also slowly increasing, RSI is 69.30 & DMI 54.43 on a monthly is on an upward trend meanwhile the market also is moving upwards Nifty broke the crucial mark of 17800. Not to forget, the resistance is also its ATH. If it breaks 98, it will skyrocket to around 155 in about 6–8...