Chart Pattern Analysis
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Nomura Research and Motilal Oswal Securities have upheld their ‘neutral’ stance, while Jefferies India and Antique Stock Broking have retained their ‘buy’ recommendations intact. Nuvama Research, on the other hand, has remained steadfast in its ‘hold’ classification for the stock. All of these brokerage firms have maintained their previously set target prices for the stock,… Read more
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The consumer division of the Tata Group is currently engaged in discussions regarding the acquisition of a minimum of 51% ownership in Haldiram’s, a well-known snack food manufacturer. However, it has been reported that the proposed valuation of $10 billion is causing some hesitation on Tata’s part. This potential transaction, if it materializes, would place… Read more
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Redington has experienced a setback after exhibiting signs of failure in its ascending broadening wedge pattern. However, it’s worth noting that the stock is still maintaining its long-term trendline support and has recently shown indications of a potential reversal. This is the reason why I am still holding it. I will add some fresh positions… Read more
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Birla Cable has emerged as yet another high-performing stock in our portfolio, delivering an impressive 129% profit return over the course of approximately three months. This remarkable success can be attributed to the recognition and strategic trading of the symmetrical triangle pattern, also known as the volatility contraction pattern (VCP). The VCP pattern holds substantial… Read more
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Five months ago, I selected TVS Motor as a promising company, and since then, it has shown steady growth, achieving a remarkable 35% gain from the suggested level in my YouTube video. This decision was primarily driven by the breakout of the descending broadening wedge pattern. Currently, the stock prices have exhibited a breakout from… Read more