tanrakesh47815

tanrakesh47815

low PE, High book value and intrinsic value, . Market share 55% in seamless pipes segment -New generation offshore jack up rig operating at 98% efficiency on 3 year contract with ONGC -C capex of ~Rs. 852 Cr (through internal accruals), distributed in Narketpally (USTPL) ~Rs. 264 Cr, Mangaon (MSL) ~Rs. 195 Cr, Nago thane (MSL) ~Rs. 393 Cr. additional working...

tanrakesh47815

Monday important will it break or pull back.. corrective rally in progress and to end soon. Once correction is over you will see fast rise in 1st wave of 5th. At important juncture. We have a target of 540-550 .As cash rich and bonus candidate stock.

tanrakesh47815

low PE, high book value with good div yield and good book value stock—Market Share a) ~55% in seamless pipes segment with manufacturing facilities at Nagothane & Mangaon and Narketpally . b) ~18% in API certified, high frequency ERW pipes with manufacturing facility at Nagothane . Zero debt company. Also, there are no ICDs or corporate guarantees outstanding as on...

tanrakesh47815

Negative divergence is being observed in 3rd( 5) wave sell on rise as fast rise seen in perticular wave . exit your longs

tanrakesh47815

We are near to bottom position can be taken here for a target of 396-400 in 1st of 5th wave . Every dip is a buy. company which is fundamentally strong, bonus candidate ,good dividend yield and more over company is deploying cash in its book for rare earth exploration and mine development 5th wave target of 540-550 every dip is a buy in this stock.

tanrakesh47815

As expected share bottomed out and broke trendline now in 1st wave of 5th wave and in (3rd of 1st 5th wave .) build your position accordingly

tanrakesh47815

is accumulating and we have a 5th wave target of 440-450 every dip is a buy .MACD is yet to show a sell and as negative divergence looks that it would be ripe to sell near to 440-50 range our 5th wave target

tanrakesh47815

in 5th wave target of 540 min as per fibo ext . Inverse head and shoulder gives us a target of 530 trendline resistance also marked.

tanrakesh47815

we are near to trendline resistance and near to 5th wave end

tanrakesh47815

4th wave ending after forming ABCDE leg and pattern of inverse head and shoulder .target minimum 380

tanrakesh47815

consolidating in 4th wave A,B,C,D,E formation in wave 4th completing dividend of Rs 9.55 in stock , 5th wave to begin soon .Accumulate for Steller return in coming days likely target of 525-40 rs.

tanrakesh47815

NATIONAL ALUMINIUM--WE are near to breakout and 3rd of 5th wave dividend of rs 2 in stock. Target of 5th wave are marked in chart

tanrakesh47815

metals index have bottom out at 8700 level .382 % retracement of previous wave and c of 4th ended now again made 9500 approx in 1st wave and in 2nd wave corrected to 9009 level in 2nd of 5th wave now 3rd of 5th in progress and once crosses high of 1st wave approx 9505 you will see high volume and our trg of minimum 11000 inverse head and shoulder breakout also .

tanrakesh47815

On breakout of contracting triangle -- 5th wave we have a target of 7950, 8400 and 8900. consolidating before any meaningful trend .

tanrakesh47815

As inverse head and shoulder in 15 min the stock may go down till 6000-6200 level. and end of A,B,C corrective wave.

tanrakesh47815

position can be initiated at 219-20 level for a target of 245 and longer trendline resistance of 305 . In 2nd wave and at CPR level ideal support zone of 2nd wave.

tanrakesh47815

inverse head and shoulder formation in chart minimum 7 % increase in target and as per fibo ext and trendline resistance is at 117-118. Long term target are of 190 -200. as per fibo ext and wave count

tanrakesh47815

Taking support at 280 i.e .238 % of retracement and MACD suggesting buying interest Stock looking bullish with a stop of 280 or Wave a of 4th might have ended here and stock can chug lower to .382% retracement of rs 244 ( likely scene ). will have to see how much b wave travels ( recovery).