Hello All and Welcome again to the Financial World ...
We Help you Achieve Financial Freedom by Investing/Trading in Stock markets. Stocks are Wonderful, They can Create Wealth as Well as Destroy Many lives. Trading and Investing in Stocks requires a Skill set and it's not really as easy as it is shown when new Members enter this world. Patience and Knowledge are the most important factors. Wrong Stocks, Wrong Entries May destroy your Capital.
Trade / Invest Carefully, Have Patience & Slowly Create Wealth !!
We Have Seen Analysis of 8 Stocks till now... We will Learn about 22 more Stocks in Coming Days... I was expecting to complete 3 posts of 10 Stocks each, but it looks difficult. I will continue with Smaller Posts now.. It will help trader read and remember the Analysis of Stocks & Learn Something new everyday. Will be Easy for me to create Posts carefully and with details.
From Saturday we have Long Weekend of 3 days....
KEEP Visiting this Blog for Surprise Posts. Will get some time for it. Just Remember or Save the Blog Link
I will Keep Posting analysis on this blog regularly. Also Follow us on Different Social Media Platforms.. WhatsApp, Telegram, Twitter, Facebook all Links are Posted at the End of this Post.
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So Let's Start With Today's Stocks ...
First Stock in the List will be :
POLY MEDICURE LTD.
Let's Start with the Chart
The monthly Chart as always is a Clean Chart.. Stock is Moving in a Range but the Range is Contracting and the Lower side is Supported by a Rising Trendline. The trend is intact uptrend, but restricted on Upper side by a Strong Resistance. We Can See Multiple Top's forming at a Same Level since last 6 years approx. On The lower side, a Similar Support is Working since long time. There is nothing complicated in this chart.. Strong Momentum in Healthcare Segment may push the stock above resistance this time. This is actually an assumption only. At Current Levels. The Stock Can still give Good upside momentum.
The Chart of this Stocks were Downloaded on 2nd May 2020. The Stock was given to our HNI Equity Investors on 3rd May 2020. They are Still Holding it with Big Quantity. Now Posting here on Open Platform, The Stock has already moved up.. so I will be using Current Levels for Discussion. The Upside is still reasonable to enter the trade.
Let's See the Daily Chart Once
Look at the Daily Chart.. It's So Simple and Attractive for Entry.. We Can See a Blue Rectangle area on Left side.. We can see a Very Small Range Consolidation for a good Long Period. After Consolidation there was a Strong Breakout. The Stock corrected again to this same zone. Due to last Consolidation the Zone Marked with Red Rectangle is working as a Strong support now, and It will work in future also. The Stock Reverses with this level as a support. Here Above the Rectangle Top, Next level to watch is the Moving Average area, where we can see a Lower Top also. I am Expecting the Price to consolidate near this Moving Average for some time. Once a consolidation is completed between the Lower Top and The Top of Red Rectangle (in Actual Price Term, consider it as a area between 230-260) We might see a Strong Move towards the Resistance are of 304 and the Nearest Top of 340. The Targets are conservative but Good for Risk Reward.
The Recommendation here is
BUY POLY MEDICURE LTD. in the area of 230-260, with a Stoploss of 199 and Targets of 304 - 340.
Manage your Entries in the Range, Start Adding now with small Qty and Keep Increasing the Qty after every 10 Rs. Fall... So your Buying will be Like 260 - 250 - 240 - 230 in 4 stages, if you get it !! Below 230 do not add Fresh Buy.
Holding Period for this Trade may be 6-8 Weeks.
Moving on to Next Stock :
Holding Period for this Trade may be 6-8 Weeks.
Moving on to Next Stock :
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Second Stock in the List will be :
ALEMBIC LTD.
Let's See the Charts :
This is Alembic Ltd. Monthly Chart (Not Alembic Pharma)..
Can you see Price Moving between 3 Levels in this Chart?
First Level is the Bottom of Black Rectangle
Second Level is the Top of Black Rectangle
Third Level is The Top of the Chart...
As soon as the Consolidation completes in the Black Rectangle area, Price Moves out and Touches the Top of the Chart in a hurry and again Reverses Back to the Black Rectangle. I hope this is a Breakout time now.
Here is a Weekly Chart for the Same Stock :
Here anyone can guess, what happens in the Stock. The Stock is now Consolidating between the 100 Period Simple Moving Average and the Lower Range Top. We Can see it works as a Strong Resistance around 52 levels. the Support is around 33 levels. 19 Rs. is a big move for a Stock of 33 Rs. price. Every Time Stock Touches 33, It is confirm reversal time for a gain of 19 Rs. minimum. Slow Mover basically but good and consistent performer.
This is a Daily Time frame Chart, here we can see a Strong Consolidation on left side. Marked with Light Blue Rectangle. The Small Rectangle is a range of 48 to 55 Rs. Now at Current Situation, The stock is completing a Cup and handle Formation with a Resistance at Same Level of 55. The Target of this Formation breakout is approx 22 Rs. From the Neckline, which is at 55. So the Target of this breakout is expected to be 77 but in this case there are few resistances at the Top. so I will assume a lower Target at initial stage, if the Resistance is Crossed, we might get 77 also.
The Recommendation here is
BUY ALEMBIC LTD. in a price Range of 50-52 with a Stoploss below the Smaller Rectangle support on Daily timeframe i.e. 45 levels with a Price Target of 60 - 65 - 70, Above 70 it will be a New Life !!
Moving on to Next Stock ...
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Third Stock of the List Will be :
DHANUKA AGRITECH LTD.
Let's See the Chart :
This is a Weekly Chart of the Stock, We can see a Longer term Breakout from a Falling Trendline. It was attempted Once before COVID-19 entry and again after a Panic low in March. The Stock has crossed important Resistance at 477 levels. The Stock is currently Trading around 485 levels.. Not far from the Breakout levels of 477. Good levels for entry.
Look at the Daily Chart, We can see a Not So Text book type Cup and Handle Formation Which already broken out of the Neckline Resistance. The Target of this breakout is approximately 200 Rs. upside on aggressive level, but as the formation was not a perfect Text book Formation, I am assuming a Conservative upside of Rs. 100 from Neckline. so the Targets of this Stock are expected to be 540 and 577.
The Recommendation here is :
BUY DHANUKA AGRITECH LTD. above 477 with a Stoploss of 444 and a Target of 540 and 577.
Simple Trade with Simple and Conservative Targets.
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So, Today we have Covered 3 More Stocks ... Taking the Tally to 11 Stocks Till now, We will complete Our List of 30 Stocks till Monday Night.
May be Announcing a Simple and BASIC program on Technical Analysis... (Online Mode) for beginners only...
May be Announcing a Simple and BASIC program on Technical Analysis... (Online Mode) for beginners only...
An Opportunity to Start Learning with The Basics, in a Simplest Language. This Will Help you identify Trades and Reduce Losses in trading ..
(BEGINNERS ONLY... BASIC CONCEPTS)
WILL BE ANNOUNCING THE DETAILS VERY SOON INCLUDING SYLLABUS, TIMING and REGISTRATION PROCESS .... !!
If You Have Checked all the Posts in this Series and Read it Carefully... We Would like to Hear your Opinion about it .... Please Drop a Message on WhatsApp and Tell us What do you feel about this Effort and Analysis. I will be conducting a Survey soon... Till then Just let us know your Opinion through WhatsApp.... Details are given below ...
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So, We have Completed 5 Stocks So Far... and It's Getting TOO late now !!
We will Stop here Today, Next Stocks in Tomorrow's Post !!
Do Not Miss to Make a Dedicated List on your Terminal for these Stocks. Note Down all the levels and Start Trading / Investing in these Stocks as per given Levels. Do not Forget to Ask me if the Stock breaks down to Stoploss levels or Supports mentioned.
We will Stop here Today, Next Stocks in Tomorrow's Post !!
Do Not Miss to Make a Dedicated List on your Terminal for these Stocks. Note Down all the levels and Start Trading / Investing in these Stocks as per given Levels. Do not Forget to Ask me if the Stock breaks down to Stoploss levels or Supports mentioned.
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Declaration:
The Analyst, SHINDE ATUL S. is a Financial Adviser by Profession. He is Having an experience of nearly 13 years in Stock markets in India and Around the World with a Client base spread across the World for Indian as well as Global Market Advisory. The Readings are Completely based on Analysis of Charts and The Analyst possesses all the Rights to be Wrong in his analysis.
The Analyst, SHINDE ATUL S. is a Financial Adviser by Profession. He is Having an experience of nearly 13 years in Stock markets in India and Around the World with a Client base spread across the World for Indian as well as Global Market Advisory. The Readings are Completely based on Analysis of Charts and The Analyst possesses all the Rights to be Wrong in his analysis.
Consult your Financial Adviser, Manage Risk, No Leverage, Positional holding with patience.
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