sachinnagpal1982

sachinnagpal1982 Updated 

160 is a strong support zone, potential to take support from this falling channel and give breakout from double bottom pattern after closing above 180 - Its next target would be 205 and 225. Above 225 a breakout from symmetrical triangle pattern will come with a pattern target of 440. Levels are mentioned on chart, its a simple chart and hopefully helpful. Thanks.

sachinnagpal1982

Great business, and looks now correction is almost over. Stock price took support from important Fibo levels, and a long term trend line on daily basis. Also, made a double bottom with clear RSI divergence, daily closing above 4050 will confirm the breakout from double bottom pattern. Immediate targets are 4400 and then 4800. People trading on technical basis can...

sachinnagpal1982

Stock is near long term support trend line, more correction will provide even better opportunity to invest. Levels are marked on chart. Fundamentally solid business as well.

sachinnagpal1982

MD said that inventory de-stocking is over and FY25 will be better than current. Closing above 1750-60 will confirm the trend reversal by breaking lower lows lower highs trend and also give a breakout from falling trend line. Next hurdle will be 2000-2100 levels in medium term.

sachinnagpal1982

One of the best Nifty 50 stock, need no fundamental introduction. Available at immediate support, daily closing above 830 will confirm double bottom breakout and then stock will be ready for 880+ targets. I would not prefer any stop loss in JSW steel and will build positions for 3-6 months if price falls howver a daily closing below 805 could be a desent stop loss...

sachinnagpal1982

Stock price is consolidating. Stock price was regularly making lower highs and lower lows, Weekly closing above 525 will confirm the first higher high and higher low which is a confirmation of trend reversal. Immediate hurdle is at 525 followed by 545. Weekly closing above 545 will also give a breakout from inverse head and shoulder pattern neckline and it will...

sachinnagpal1982

Nothing much to explain in this simple chart, regularly making higher highs and higher lows. Fundamentally available at 20 PE and mgt is confident to continuously grow 20-25% for next few years. Bull market is going on, PE rating of this business is inevitable. I am making investment positions in this stock and suggest to the same. Stock price has full potential...

sachinnagpal1982

I like this chart. Chart gave a breakout from cup and handle pattern, did complete retracement and regularly making rounding bottom patterns which is a sign of accumulation. Closing above 450 will open next levels of 570 and 700 in medium term. If someone wants to keep a small stop loss then cut this trade on weekly closing below 370. Weekly closing below 340 is a...

sachinnagpal1982

Technical idea of the week - Jubilant Ingrevia Mgt is confident on agri business recovery in H1 next year, in conversation with many national and international agri clients to serve long term contracts. Food & cosmetic section growth has been good, also trying to win new clients in pharma division to grow their presence. Input cost started decreasing, which will...

sachinnagpal1982

Technical idea of the week - Sona BLW Precision Forgings Limited Stock made a high of 840 and then a correction started till 400 levels, made a double bottom at 400 and then trying to make higher highs and higher lows after double bottom breakout. 600 seems like the first hurdle, breakout above 600 will also make inverse head and shoulder pattern. 540 is the...

sachinnagpal1982

technically looking good, potential to touch 540-550 levels, one can use closing below trend line or below 450 as a stop loss.

sachinnagpal1982

Thermax results were great in last quarter. Overall trend of thermax chart is upward, stock gave a breakout, made double top and now doing a full retracement to the last breakout levels. CMP to 2450 is a good buying range. Potential to give solid returns in 1-2 years time horizon.

sachinnagpal1982

I am betting on increased cement demand post monsoon season. Chart pattern is also good, potential to touch 120+ in mid term. Levels are marked on chart. Invest with 6-9 months time horizon.

sachinnagpal1982

Stock price is technically reversed and now making higher highs and higher lows. 310-340 is a strong support zone, daily close above 392 could lead stock price towards 426, 500 and 600. Company is expecting MDF columns to improve in coming quarters and looks like high inventory costs are behind now. Good stock to buy and hold.

sachinnagpal1982

FDC - Technicals looks good, respecting the bullish wedge, gave a breakout from double bottom pattern, price is available at support zone after retesting. CMP to 350 is a strong support zone. Stock price could be moving towards 420 and 470 in medium term. Company also recently announced buy back at 500 Rs.

sachinnagpal1982

Looks like worst is over for lupin. Results are improving along with technicals. I bought this few weeks ago and will be increasing my positions if price falls. Potential to make good money in next 12-15 months.

sachinnagpal1982

Tesla is my investment pick. I am buyer since 160 levels. Breaking out from symmetrical triangle pattern and potential to touch 240 and 300 levels.

sachinnagpal1982

Regularly making higher tops and higher lows post breakout from falling channel, Simple chart speaks to itself. Potential to touch 5200 and 5800 in mid term.