tanrakesh

tanrakesh

After completion of 4th wave share volume delivery volume are rising and from last 4 days are above 90% .Has a high book value of 1654 on march 23. share capital constitutes 90% of bonus promotor hold directly 38% and through sundaram fin 18% and NBFC 18% i.e total 75% approx 8.3% are held by FPI only 17 % is with public that to some family member holding large...

tanrakesh

IN 5th wave target achieved as gone above trendline as always happens in 3/5th wave and metals are in 5th wave . RSI above 90 indicating highly overbought conditions.

tanrakesh

on weekly chart positive divergence and trendline support buy at 279-80 level and sell near to 480 level . make handsome profit.

tanrakesh

After topping at 4325 approx and end of 3rd wave script is making lower high and lower low . In 4th wave script is likely to bottom out at 3800-3850 wait for another 30- 60 days to buy this script again.

tanrakesh

after completing 3rd wave share making lower high and lower low . presently in a.b.c wave expected price on correction og 4th wave lasting about 2 months price of 3800-3850 would be a good price to enter.

tanrakesh

after coming to low of 400 odd rs the chart has made inverse head and shoulder pattern and we have a target of 475. Once 449 is crossed you will see fast rise.

tanrakesh

target of basf achieved of 3rd wave and trendline resistance also. sell near to 4340 and make merry as stock was earlier recommended at 1600 rs for a long trg of 4200 approx.

tanrakesh

petronet is ready to blast from inverse head and shoulder pattern . We have a target of 410-420

tanrakesh

ready to breakout .positive divergence in weekly chart giving imputus to chart and a rally might fructify soon as near to breakout target of 3rd wave 387 . buy on every dip.

tanrakesh

though share price is progressing buy MACD showing some profit booking at 183-84 level we have a trendline resistance at 185-87 level. Long target min 229 as per wave analysis.

tanrakesh

We are at neckline we might see an end to corrective wave A as market is not that bearish buy with a small stop of 50 rs in the days to come we have a target of 2700 to 3000 for 5th wave as the stock might accumulate for next 1 to 2 month before any meaningful impulsive wave. A cash rich company with good dividend and bonus track record.

tanrakesh

once crosses 3565 , 10 days moving average will show bounce from neckline and will be bullish once crosses 20 days moving average3634 will be bullish for stock. buy with a small stop loss and trail it . 200 DMA 3653 for more strenght and trend to become bullish .MACD hourly showing bottoming out .

tanrakesh

Buy with a price target of 183-86 as per trend . Trend is positive and long term 3rd wave target minimum 229 .

tanrakesh

positive divergence in hourly chart and indicating end of fourth wave .Once crosses 1050 level will show more power for a target of 1400-1500 level. company has more investments then its present value . Its equity consists of 99 percent bonus . now again ripe for bonus and quite possible split also.

tanrakesh

investors do you observe positive divergence--- accumulate as chem sector to show some consolidation --icing on cake high promotor stake of 75 %. and company performing well in sept qtr .. accumulate on every dip as we might end ABC wave in next one month .

tanrakesh

contracting triangle once breakout we have a target of 67-68 . volatility is coming down a high dividend stock earning grew by 53 % last year likely to repeat winning streak. stock is making higher low.

tanrakesh

we are near to .382 fibo support zone looking for MACD it looks as we have found bottom at 46.20 zone and are heading toward are trg of 64 -65 or atleast double top at 52 . once we crosses 52 with volume we would be heading toward 64-65 and third trg of 72.

tanrakesh

which was earlier recommended at 225-28 level rose to 300 level .The giant rose from 70 to 700 earlier corrected to 225 .Now in a channel and as volume rose yesterday we might see a breakout from rangebound movement to 400 level ( resistance zone)