2021 12 26 Vakrangee

A complete price action analysis on ONGC to find crucial zone

Multi-Bagger Stock BASML 1:8 potential

Multi-bagger stock Global Vectra

Multi-bagger stock Patel Engineering

RSI Divergence Analysis showing Market will Fall

Pyramiding - Current Opportunities

Don't forget to watch DISH TV

HEROMOTORS - Looking Bullish !!!

ABAN Off-Shore Looking Extremely Bullish

How to identify a Stock before Momentum Starts

Price Action Analysis on a Small Cap Stock - Looking Bullish

Gold will hit 70k !!!

Diamond Pattern in Petronet LNG - Very Bullish

HDFC AMC near Support Zone and Forming Ascending Triangle

3 Blue-Chip Stocks available @Discount !!!

Price Action based Analysis on TCS, TATASTEEL and HINDUNILEVER

 12-Nov-2021 EoD Analysis

In our endeavor through Discover Stock, we have been providing you information about stocks which are actually being traded at the bottom ranges. Our recommended stocks were either just broken out of the previous resistance or in the verge of a break out near the bottom zone. 

We keep suggesting the readers to keep watch on these recommended stocks and take position only when it is at low risk zone for a big reward. 

Since last one year or so, we have seen almost all the blue-chip stocks have already recovered from their respective Covid Pandemic crash lows and they not only have broken their Pre-Covid highs but also have been trading in their all time high regions.

In such scenarios, no blue chip stocks were discovered at low price. However, based on Pure Price action and Technical Analysis, we have fished out 3 NIFTY 50 Stocks, which are available at low price.

Although these stocks are currently trading at almost near their double from the last year price, still the said stocks were considered here as they are currently trading at their support regions.  

The support and resistance concept has been discussed in detail, in a video for which the link has been provided below. Readers are requested to go through the video to get an understanding on support and resistance concept in stock market charts.

Support & Resistance Concept

Technique of drawing of Support and Resistance Lines is also mentioned in the said video. Normally people draw support lines by connecting the low points in a bar chart and resistances are generally drawn on high points. However, when we plan for a long term investment,  these lines should be drawn slightly in a different way. Instead of using the Candle Charts, it should be drawn on Line Charts for more accuracy. More importantly, the lines should be drawn on daily line charts connecting the prices. After drawing the lines, charts can be converted to Candle Stick charts, where exact support and resistance levels can be marked.

The stock which are traded at support may be short listed for buying. Always there should be more than one reason when we are thinking to go long on any stock. Convergence of more than one support or resistance line are more powerful and effective than only a single support or resistance line. Further, in case the chart forms any of the bullish patterns, then also it can be considered in the watch list. 

In our analysis, we have found out three such blue-chip stocks which are having multiple confirmations at their support levels. The name of the stocks which are being discussed as below:

1. TCS

2. TATASTEEL

3. HINDUNILEVER (HUL)

The users are invited to go through the video link where they can get a proper understanding behind the selections of the above stocks.

In case you like this analysis, please share it with your peers so that it can also benefit others. 

Thank for your time friends.

 

Technical Analysis - Formation of Bullish Patterns

Technical Analysis 

Formation of Bullish Patterns

• PARAGMILK

Technical Analysis

• As per technical analysis, Parag Milk is currently forming a Reverse Head and Shoulder Pattern. 
• Reverse Head and Shoulder pattern is considered as highly bullish.
• After the formation of the Reverse Head and Shoulder Pattern, the price is currently in the verge of a break out.
• In case it breaks out from the shoulder line i.e. the resistance line formed since Aug-2019 and is well supported by Volume Action, then its bull run is expected to start.
• In case it breaks out from the resistance level, it may become a multi-bagger in short time period.
• Looking to the support line, it indicates that the price is respecting the support trend line and trading just above the support line. Hence the risk is very limited, where as it is likely to give a good reward at the upper region.
• The initial target line has been indicated in the above picture.

• MIRZA INTERNATIONAL

Technical Analysis

• As per technical analysis, Mirza International has formed a Reverse Head and Shoulder Pattern. 
• Reverse Head and Shoulder pattern is considered as highly bullish.
• After the formation of the Reverse Head and Shoulder Pattern, the price has recently broken out from the resistance shoulder line which was formed since Jun-2019.
• After its break out from resistance zone, the price is moving up and is also well supported by Volume Action.
• It may become a multi-bagger in short time period and may hit the target indicated in the above chart.

For getting idea on more such stock, which are forming various bullish patterns, we invite the readers to watch the below videos, which are likely to help improve your knowledge on Technical Analysis and also it will help you discover the actual multi-bagger stocks at bottom level.

• Cup and Handle Pattern

• Reverse Head and Shoulder Pattern

• CEREBRAINT

Technical Analysis

• As per technical analysis, CEREBRAINT has formed a Reverse Head and Shoulder Pattern. 
• Reverse Head and Shoulder pattern is considered as highly bullish.
• After the formation of the Reverse Head and Shoulder Pattern, the price is trying to break out from the resistance zone which has been forming since 2018.
• In case it breaks out from the resistance level, it may become a multi-bagger in short time period.
• Looking to the support line, it indicates that the price is respecting the support trend line and trading just above the support line. Hence the risk is very limited, where as it is likely to give a good reward at the upper region.
• The initial target line has been indicated in the above picture.

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Thank You for your Valuable Time.

3 Interesting Charts - Based on Price Action Analysis

Entertainment, Hospitality and Garment Sector in the Radar

In our past blog dated 11-Sep-2021 (Hospitality and Textile Sector to grow multi-fold in 2021) we had mentioned about the easing out of Pandemic Led Restrictions and its impact on above sectors.

In continuation of that, we have found out 3 stocks which are looking highly bullish on technical charts. 

We have carried out our Price Action analysis on Daily, Weekly and Monthly Charts of these 3 stocks and explained on why these stocks look bullish and have suggested to keep a track on price movement of these stocks for some days or some weeks from now.

Stocks to be watched:

1. UFO Moviez India 
2. The Byke Hospitality
3. Mirza International

The Technical Monthly Charts are placed below for reference of the readers. The detailed explanation on the daily, weekly and monthly charts are also placed in the below video.

Please go through the entire video to find out the price action analysis on these charts.

1. UFO Movie India

2. The Byke Hospitality

3. Mirza International

Please watch detailed explanation of these charts in the below video to understand the price action analysis on the charts.

Thanks you Very Much for your time.

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Price Action based Analysis to Discover new Stocks for Investment

PRICE ACTION ANALYSIS FOR INVESTMENT

What is Price Action

Price Action is the movement of a stock price, plotted for a certain duration of time, out of which, the trend of the stock movement can ideally be extrapolated.

There are three metrics used in Price Action. They are:

• Price
• Pattern
• Volume

All other parameters like Trend Line, Support, Resistance, Break Out, Break Down, etc. are derived from these metrics of Price Action.

Whether Price Action Analysis is useful for Investment

Yes, the Price Action Analysis can be used for all types of trading and investments.

Investors who are into Technical Analysis, normally look for Bullish Patterns formed by the Price Movement. Some of the Bullish Patterns are:

• Reverse Head and Shoulder
• Cup and Handle 
• W Pattern
• V Pattern
• Double Bottom 
• Pull-back Buy

Whenever any stock forms certain pattern, traders and investors look for a right location and time, from where they can take their position so that the risk is minimum and reward is more. This type of analysis is called as Price Action analysis.

Normally, new traders/investors when take trade they go for catching the stock which is already run away from its break-out level. Taking position at such area would be risk-prone as Stop Loss range are high at that location. 

Actually, when Stock Price is forming any pattern or moving inside a range and it tries to break out from that pattern or range, then Price action has to be looked into. However, when stock price flies away from the break-out level then Price Action results into Momentum. For Momentum there are indicators used in Stock market charts like RSI, Bollinger Band, etc. 

Ideally retail traders identify the trades by looking into the indicators. Since Indicators are derived from the Price, so by the time they take the trade it is already late. So retail traders takes the trade when the momentum is already started on the stock prices. 

Hence, if a stock is identified through Price Action analysis, it gives more value to the investment. 

We had posted in our previous blogs like VIMTALABS, SUBROS, based on such Price Action analysis, which, we feel would be useful for traders to gain knowledge on price action concept.

We invite readers to go through the below videos to get a better understanding on Price Action Analysis.

If you like this type of analysis please subscribe this channel and share with your friends and peers.

See you in the next analysis.

VIMTA LABS - REVERSE HEAD AND SHOULDER BREKOUT!!!

VIMTA LABORATORIES  

Multi Year Breakout

Selection Criteria

We have selected this stock purely based on Technical Analysis.

This stock had tried to break 325 level during Sep-2018 but failed. After retracement, it again tried to break the same 325 level during Dec-2018 but failed again.

Subsequent to that the sellers took the driving seat and brought the stock price down to as low as 51 during Covid Panic days.

From there the stock tried to build its momentum and made a slow and steady attempt to go up and could reach up to the same resistance level of 325 during Jul-2021. It had made few attempts to break the resistance barrier however failed. 

There after, during Jul-Aug 2021 the stock had gone through an exactly similar retracement what it had experienced in Sep-2018. After this small retracement, this time the stock has tried and could successfully broke the resistance level and that is well supported by huge volume of trades. 

The weekly volume as of Wed Trading session has been more that the combined volume of past 4 weeks. This shows that big players are now active and putting money to move the price up.

The Technical Weekly Chart of VIMTA LAB is placed for with the analysis. 

As per technical analysis, whenever the Reverse Head and Shoulder pattern successfully breaks, the price after slight retracement up to the neckline level it attempts to reach the same distance which is there between the head and the neck line. 

The vertical Bar in the chart represents the height of the head from the neck line and is put near the break out level to get the target at around 600 level.

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Premium Stock at Low Price - IRFC

IRFC - Good Stock for Long Term Investment

The Company

Indian Railway Finance Corporation is a Govt of India Enterprise, created for financing the Rail Transport Sector by way of raising funds from capital market at competitive cost for augmenting railway plan and finances.

Objectives of IRFC

The primary objective of IRFC is to meet the ‘Extra Budgetary Resources’ (EBR) requirement of the Indian Railways through market borrowings at the most competitive rates and terms. 

From 2011-12 onwards, IRFC has forayed into funding of railway projects and capacity enhancement works. The Company has been assigned the additional task of funding Railway Projects through Institutional Finance.

IRFC has also been lending to various entities in Railway sector like Rail Vikas Nigam Limited (RVNL), Railtel, Konkan Railway Corporation Limited (KRCL), Pipavav Railway Corporation Limited (PRCL) etc.

IRFC’s constant endeavor has been to diversify its borrowing portfolio in terms of instruments, markets and investors.

Stock Price Analysis:

Current Stock Price as on 22-Oct-2021.is 25.80 and the price saw a surge of 6% in the week ended 22-oct-2021.

Although there is high interest payments compared to its earnings of the company, still since it is backed by the government of India, its Fundamentals is no-doubt good. With the launch of new Gati-Shakti mission by Modi Government, the railways will spend more for new lines and cargo terminals. Since the Railways and allied Govt entities are the only Loaner of this Financial Institution, there won't be any NPA in IRFC books of accounts.

Being recently traded in Stock Market, only 9 months data is available from which a very long term expectation may not be construed at this point, however, looking to the fundaments, this can be considered a good to include in the watchlist for buy for long term investment. It is also important to note that this company pays dividends on stocks.

As per the technical chart the SL looks like to be near 20-21. Further, the price formed a triangle pattern which rightly made a bullish break out.

With a small retracement, it may scale new height. Who knows it may become the next IRCTC.

Technical Chart

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CUP and HANDLE PATTERN - SUBROS - Potential Multi-Bagger

SUBROS - A potential multi-bagger 

Subros Limited is India's Leading Thermal Products company for Automotive Segment.

Subros Limited, was founded in 1985 as a joint venture public limited company with 36.79% ownership by Suri family of India , 20% ownership by Denso Corporation , Japan & 11.96% ownership by Suzuki Motor Corporation , Japan , is the leading manufacturer of thermal products for automotive applications in India, in technical collaboration with Denso.

Subros has manufacturing plants at Noida (2 nos.), Manesar, Pune, Chennai and Sanand with an annual capacity of 1.5 Million AC Kits per annum beside a well equipped R&D Center and Tool Room at Noida. 

The company manufactures compressors, condensers, head exchangers and all the connecting elements which are required for Air-Conditioning in Vehicles, Commercial & Residential ACs, Bus and Rail ACs as well as Transport Refrigeration System.

With recent launch of Gati-Shakti project by the Govt. of India, the transportation sector will see a sheer change and companies like Subros are likely to get new orders which will take the company into new high. 

With this Fundamentals in place, when we see the price chart of Subros, it was interesting to find that the price chart is forming a Cup and Handle Pattern which is considered as a very Bullish Pattern in Technical Analysis. This chart can be put in the watch-list.

TECHNICAL CHART

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REVERSE HEAD AND SHOULDER PATTERN - KTKBANK

STOCK DISCOVERY - 19-Oct-2021

KARNATAKA BANK (KTKBANK)

ABOUT THE COMPANY

Bangalore based Karnataka Bank is a leading lender in Private Bank category has all India presence and is poised to emerge as the 'Digital Bank of Future' with end-to-end digital solutions for all its banking activities.

The Bank CEO and MD Mr. M. S. Mahabaleshwara, while addressing the 97th annual general meeting at its Head Office, said powered by its IT-driven wholistic transformation 'KBL Vikaas,' the bank is now preparing for the second phase under 'KBL NxT' concept to have end-to-end digital solutions for all banking activities, according to a bank press release.

The bank will be celebrating its centenary year during 2023-24. So the MD and CEO has talked about a lot of IT-driven innovative and far-reaching initiatives to mark the celebration are already lined up to lay a strong foundation for the second century of the bank. All these innovative ideas is for providing better customer satisfaction and there by taking the Bank to a new height.

Interesting to know that the bank has declared a dividend of 18 per cent which is a very high in terms of percentage beneficial for investors.

In terms of Financials, the business turnover of the Bank has touched Rs 1,28,005.99 crore, with deposits of Rs 76,214.78 crore and advances of Rs 51,791.21 crore.. and the profit is also has been increased from around Rs. 31.36 cr. in Mar-2021 to Rs. 106.08 cr. in Jun-2021. 

One area of concern is that the Gross NPAs declined to 4.82% as at 30-06-2021, compared to 4.91% in the sequential previous quarter i.e Q4 of FY 21.  The Bank is putting extra effort to reduce the NPA figure at check. 

As per the Bank, in spite of the hardships posed by the second wave of COVID 19 pandemic, Bank has been able to continue its satisfactory performance during the first quarter of the current year also. Significant improvement in asset quality as evidenced by the decline in GNPAs to 4.82 % from 4.91% and net NPAs to 3.00% from 3.18 % as at 31-Mar-2021, coupled with improved NII, NIM, PCR etc are testimony for the successful handling of the impact of the pandemic

TECHNICAL CHART ANALYSIS

As per the Weekly Chart, it looks lie the price is near the 115 week high. The chart if forming a Reverse Head and Shoulder Pattern which is a Bull Sign. If it crosses the Neck Line which is at around 71, then the price can test the new highs at 120 and 160 in one year time. The high volume being traded during the past few weeks shown strength in the pattern and the high delivery percentage during recent weeks also validates the expectation of a bull run.

source: Money Control

source: Trading View

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Please also read: Analysis on Hospitality and Textile Sector

NAVARATNA MULTI-BAGGER STOCK 15-Oct-2021 - NLC India

NLC India - Multi-Bagger at Lower Price

15-Oct-2021

Indian power sector is undergoing a significant change that has redefined the industry outlook. Sustained economic growth continues to drive electricity demand in India. The Government of India’s focus on attaining ‘Power for all’ has accelerated capacity addition in the country.

India is the 3rd largest producer and 3rd largest consumer of electricity in the world.

India’s power sector is forecasted to attract investments worth $130-135.37 bn by 2023.

The total Installed Capacity as on April 2021 was 382 GW. By 2026-27, all India power generation installed capacity will be nearly 620 GW, 56% of which will be from Coal and other minerals like Lignite and 44% from renewable energy.  

The electricity generation target of Conventional Sources for the year 2021-22 was fixed at 1356 BU i.e. growth of around 9.83% over the actual conventional generation of 1230 BU for the previous year (2020-21).

NLC India Limited is a Navaratna Company under the Ministry of Coal and has been established in 1956, whose core business is Mining and Power Generation. The power generation happens from conventional energy sources like Lignite and Coal as well as from non-conventional energy sources like Solar and Wind. 

Present Mining Capacity 50.6 MTPA and target is to add 62.55 MTPA by 2025.

Similarly the current Power Generation Capacity is around 6061 MW with a plan to add around 15000 MW, for which Project Capex has been estimated as 1 Lakh 29 Thousand Crore rupees unto 2025. (source: Invest India)

With this strong establishment, the company stock price has also seen a reversal move after touching the Covid downfall low at around 35 to now it has reached 77.

As per Technical Analysis, the stock has moved around 40% in past 3 weeks. This movement has been supported with huge volume of trade. There is also a significant increase in delivery percentage during past 3 weeks indicates, buyers are bullish on it for a long term.

With other PSU stocks showing a kind of up move during past few weeks, NLC India has also drawn similar picture, however, other stocks like NTPC, ONGC, COAL, etc. had already moved towards a higher range while NLC India is just started the move. So this stock is comparatively at lower risk and expected to yield more in 6 months to 1 year time.

So with a stop loss at 60, target can be looked at around 120 in the above time period. This stock can be put in the monitoring radar.

TECHNICAL CHART

Readers are also invited to read our previous articles on Discover Stock for Investment portal.

Few such articles on FIEM Industries, Coal is next gold, Delta Corp, etc. can be read to understand the strength of this analysis.

If you like the analysis, please share with your peers which will help us writing such analytical articles for all the readers.

2 Budding Multi-Baggers at Lower Price

 

Technical and Fundamental Analysis of ASHOKABUILDCON and CHENNAIPETRO

Potential Multi-Bagger with Low Risk

09-OCT-2021 - Weekend Analysis

In our endeavor to give the readers insight on various stocks especially in cash segment, we have been providing technical and fundamental analysis for few stocks in the past starting from Aug-2021, which helps the readers/investors to keep these stocks in their watchlist. 

We are delighted to see the number of views have increased significantly, after we posted the progress report on these recommended stocks where the stocks have given profit margin starting from 10% to as big as 49% for few stocks in such a short period of time.

To continue this effort, we are pleased to put our analysis on below two stocks for readers to keep watch on these in the coming days.

1. ASHOKA BUILDCON LTD.

Infrastructure stock

Ashoka Buildcon Ltd. is an infrastructure development company. The company is engaged in construction and maintenance of roads and supporting services like toll roads, bridges, etc. 

• The company has been recently showing High growth and High Return on Equity.

• Currently it has got Low PE Ratio of 11.80 compared to Sector PE of 59.40.

• Low PE indicates, the stock is trading at a Cheaper Price compared to the Sector.

• High Volume registered during recent past weeks indicates big players are now interested in this stock which is a bullish indication.

• Delivery Percentage of the stock has been increasing in recent days – indicates buyers are bullish on the stock.

Ashoka Buildcon Technical Weekly Chart 08-Oct-2021

2. CHENNAI PETROCHEMICALS CORPORATION LTD.

Petroleum stock

Chennai Petroleum Corporation Ltd was formed as a joint venture between the Government of India (GOI), AMOCO (the Largest Natural Gas Producer in North America) and National Iranian Oil Company (NIOC).

CPCL stands tall among the public-sector refining companies in India, with one of the most complex refineries of its kind in the country, producing an array of value-added petroleum products. It also pioneered key initiatives in several areas such as process optimization, technology absorption, energy conservation, waste land reclamation and environment management.

• The main products of the company are LPG, Motor Spirit, Aviation Turbine Fuel, High Speed Diesel, Naphtha, Hexane, Bitumen, Paraffin Wax, Fuel Oil and Petrochemical Feed Stocks.

• Trade Volume has been increasing since Jun-2021 indicates buyers are bullish on this stock.

• Promotors holding stands at around 67% - indicates company is dependable.

• Other shareholders like Public, Banks, Insurance Companies, UTI, MF, IEPF and NRI’s hold 33% of the stock.

Chennai Petrochemicals Corporation Ltd.
Weekly Technical Chart 08-Oct-2021

Readers are also invited to read our recent blogs:

> Mega Textile Parks - Stocks to watch - RSWM and ORBTEXP posted on 7-Oct-2021

> Coal is next Gold posted on 25-Sep-2021

If you like this analysis, please do share it with your peers, so that others will also be benefited out of this analysis. 

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Mega Textile Parks - Stock to watch RSWM and ORBTEXP

 

Mega Textile Park Scheme

PM-MITRA - Mega Integrated Textile Region and Apparel

On 6-Oct-2021, the Union Cabinet of India has approved setting up of 7 New Mega Textile Parks in different parts of India in next 5 years with a total outlay of Rs 4,445 crore. This scheme is announced under PM-MITRA (Prime Minister – Mega Integrated Textile Region and Apparel) scheme with an aim to put India in global textile diaspora. It will also help to position India as a fully integrated, globally competitive manufacturing and exporting hub for the textile sector.

The PM-MITRA parks will have the below facilities:

• incubation center and plug-and-play facility
• developed factory sites
• roads
• power
• water-and-waste-water system
• common processing house
• design centers
• testing centers
• workers’ hostels and housing
• logistics park 
• warehousing
• medical
• training and skill development facilities for the workers

In order to give more fillip to Textile sector, the Government has made 2 major announcements:

1. Rs. 10,683 crore Production-Linked Incentive (PLI) scheme for man-made fiber segment apparel
2. Rs.300 cr. Competitiveness Incentive Support (CIS) to each PM-MITRA park for early establishment of Textiles Manufacturing Units. This CIS support will be given till the companies are able to scale up production and be able to establish their viability.

Objective:

• to put India in global textile map
• to take the textile export from current $44 billion to $100 billon export in coming 5 years
• to enhance competitiveness in the textiles industry, by helping it in achieving economies of scale
• to create huge job opportunities for millions of people

Key Benefits:

• India will attract FDIs into Textile Sector
• Boost Textile Exports from India
• Generation of Employment Opportunities (initial estimation is around 21 Lakh Jobs)
• Integrated facilities at one location will enhance quick turnaround time and reduce logistics cost of the industry.

Impact of this development on Equity Market

Textile and allied companies will be direct beneficiaries to this initiative taken by the government. As mentioned in our earlier blog (Easing of Pandemic-Led-Restrictions) where indication was given to keep watch on the Textile sector post Covid lockdown scenario, not only the companies who are directly into garment manufacturing will be benefited, it will also give impetus to allied segments like Yarn Machinery, Processed Garment, Fabric Production, Fabric Chemicals, Retail Outlets, etc.

Stocks to be Kept in Watchlist:

We are recommending the below 2 stocks which are trading at almost bottom level and can be kept in watchlist. Technical charts of both the stocks are given below for better understanding the upward potential.

1. ORBIT EXPO -  

• The company manufactures and exports Novelty Fabrics and Madeups
• Manufactures Fancy textiles that find its uses in Christmas craft, 
• Ladies dress material segment and home textiles 
• Manufactures of products range which includes Metallic, Faux silk, Jacquards, etc.
• Profit was consistent during pre-Covid period
• Company aims to regain the momentum ease of lockdown led restrictions.
• Target T1 may be kept at 120 range, T2 at 10 and T3 near 220.
• This is trading at bottom level, so Stop Loss around 20 points, a multi-bagger move is expected.

 2. RSWM Ltd.

• Deals with Yarn, Fabircs and Garments
• One of the largest producers and exporters of Polyester based yarns
• Exports yarn, fabric and garments to over 60 countries across Australia, Europe, Gulf regions.
• Profit has increased post pandemic.
• Target T1 can be put near 500 and T2 at around 680

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Potential Multi-Bagger Stock at Low Price - HOTEL LEELA VENTURES

HLVLTD - Hotel Leela Venture

Future Multi-Bagger

As mentioned in our earlier blog dated 11-Sep-2021, we had presented a detailed analysis on opening of market post Covid scenario, where-in we had mentioned about the stocks related to Hospitality / Hotel Sector is waiting for a big boom.

With the vaccination drive has already covered almost 80 percent of the workforce, airlines and transport facilities are coming back to normal, floating population will gradually increase requiring demand for hotels.

Hospitality is one of the sectors which were badly hit by the Covid lockdown will see a sheer change when markets are opening up. We had mentioned about some stocks related to this sector for keeping in the watchlist.

Hotel Leela Venture is a holding company which runs star hotels in India and outside in the name of The Leela. Due to pandemic the hotel business was down and the company had registered a loss Rs.-35 cr as on 31-Mar-2021 down from the 31-Mar-2020 figure of Rs. 193 cr profit.

Covid Lockdown relaxation has definitely given fillip to the hospitality sector including the HLVLTD as it can be evident from the stock price action in the recent weeks. 

For readers understanding placed below the weekly technical chart of HLVLTD where-in the price action can easily be noticed.

The stock has registered a strong bullish Maruboju candle with a hooping 23% up from the previous week closing and it looks like it will clear the consolidation zone before it breaks out. The huge trade volume of 7.4 million vis-a-vis mere 2 million or less which were registered during past 2-3 weeks, validates the price action.

The stock is currently trading at 11.20 per share. With a SL at 8, T1 and T2 can be put near 18 and 24 respectively.

Hope readers liked this analysis. Kindly share it with your friends and groups.

Also read Easing of Pandemic-led Restrictions and its impact on Hospitality and Textiles Sector

DISCOVER STOCK - Progress Report 02-Oct-2021 (Multi-Bagger Profit)

PROGRESS REPORT 02-OCT-2021

Discover Stock Multi Baggers

Our motto is to suggest good quality stocks at the possible bottom position, which have got potential of quick up-move.

We have received support from valuable readers like you, which helps and encourages us to augment our endeavor to suggest such quality stocks.

This journey started only during Aug-2021. We have till now suggested a total of 11 Stocks of different sectors. The performance of these stocks as it started moving up right after our recommendation posts. 

I know some of you might have taken positions on the basis of these recommendations and many of you also have analyzed for educational purpose. We are here to keep you posted more such recommendations for you to keep it in your watchlist.

We are happy to produce a progress report of these recommendations below for your quick understanding.

• FIEMIND              13%🚀
• MPSL                   -14%👎
• ADSL                    10% 🚀
• OIL                        44%🚀
• TWL                      10% 🚀
• DELTACORP       49% 🚀
• BLUEDART         02%🚀
• JINDALWORLD 17%🚀
• V2RETAIL           15%🚀
• SUNTECK           26%🚀
• COAL                   14%🚀

Baring one stock i.e. MPSL which is trading at 14% lower than the recommended price all other stocks have done significant move and the momentum is still being maintained.

Watch a recent post on Money Control in which it is mentioned that Mr. Rakesh Jhunjhunwala the Warren Buffet of Indian Stock Market has also purchased Deltacorp and earned huge money. Watch out for the price that he had taken position, which matches exactly with our recommendations also.

Please watch out this space regularly to keep updates on potential stocks. 

If you like our endeavor, please share it with your friends and acquaintances, which will help us more encouragement there by to deliver you in more responsible manner.

Thanks you Readers