I have plotted chart of Greaves Cotton in monthly time frame. In longer period, we have observed that stock is continuously moving in range of INR 115-150 since Mid of 2014. Only due to covid crash, price went out off from the range. It is showing very long term consolidation. In long term, company has earned a good reputation in manufacturing EV vehicles and...
I have plotted regression channel in hourly chart. Bullish trendline is seen. Anybody can make long position as per the channel plotted above. This video is only for education purpose and demonstrated that how to trade based on regression channel.
We have drawn double bottom chart pattern in daily time frame. We have also used anchored VWAP tool. Yesterday, stock is increase despite of weak market with good volume. Any body can invest in stock of Dwarkesh Sugar at CMP 102 with Target of 119 in upcoming days. Note : I am not SEBI registered investment advisor. This article is only for education purpose.
Nifty50 Index is showing a very bullish trend is observed on daily time frame. We have used Elliot wave theory, which indicates nifty will touch its all time high near about 18800-19000 in current month. Nifty50 made its all time time high in Oct21 which was at 18604. PE Ratio of Nifty at that time is around 27.72 and PB Ratio is 4.55. Both ratio indicates...
Fundamental Analysis Oil and Natural Gas Corporation Ltd. is the largest crude oil and natural gas company in India, contributing almost seventy one percent to Indian domestic production, and is also the one of most profitable PSU in India. Revenue Mix of the company • Crude Oil - 70% of FY21 revenue • Natural Gas - 17% of FY21 revenue • Value Added...
We have seen golden crossover in Mahindra Logistics before couple of days. i.e. 50 DMA is crossed 200DMA from its below. On 14th Sept-22, Stock has experience a very high volume with positive uptick. Low of uptick is 488. We may consider it as ultimate support level . As per the current trend ,stock is bullish . Target Profit is 635 Stop Loss is at 488 Current...