15/08/2023 STOCK ANALYSIS: HAWKINS COOKERS LTD WEEKLY CUP & HANDLE BREAKOUT PATTERN RANGE: 1640 POINTS STOCK AT ATH CMP: 6870 SL: 6300 TARGET: T1: 8200 T2: 8500 T3: 9000/+ ## FUNDAMENTAL ANALYSIS: ROCE 5 YRS: 57.2% EPS 5 YRS: CONTINUALLY INCREASING 14.2% FCF 5 YRS: 216 Cr. ie POSITIVE INTEREST COVERAGE RATIO: 27.10 DEBT TO EQUITY RATIO: 0.15 NPM 5 YRS:...
RSI > 50 EMA 20, 50 And 200 Support Rounding Bottom Pattern Formation - Upwards Target: 900 Close Above 903 --> Rally (after retest at 730)
Nifty has a strong supprt at 17600 levels. With RSI 50 breakdown it may reach levels of 39 (usual RSI low) and bounce back from there. Buy at Nifty level 17600. After breach of 17600 level ---> Next support at 17300 (MAJOR ie Trendline/Channel/Candle Consolidation) EMA 50 and 200 support.
RSI > 50 crossed EMA 20, 50 and 200 support Bullish Channel Bottom Support Buy above 1000 close Target - 1030/1050/1070
RSI > 50 EMA 20, 50 and 200 support Rounding Bottom Pattern Support at 1970 Target: 2050+++
Daily RSI above 50 Support of EMA 20, 50 and 200 Formation of Rounding Bottom Pattern Will reach for retest level of 170 after reaching 230.
Reversal from Oversold Zone (RSI Daily) Support of EMA 200 Bullish pattern with support of Bullish Hammer Target 4150
Positional Indicators in Support: * RSI 50 -- Monthly Crossed Above RSI 50; Weekly Above RSI 50; Daily in Overbought Zone * Support of EMA 20; 50 AND 200