#NIFTY Make no mistake, Nifty price action is a BROAD INSTITUTIONAL SELL-OFF ACROSS INDIAN EQUITIES. If the lower trend line breaks, Nifty could well visit 22300...๐ฅ
#COLPAL No, Indians have not stopped buying toothpaste. What you see is just derating, rising competition, higher input costs. If the current support doesn't hold, the downside could go much further.
#AMBUJACEM is a 72,000 cr debt-free market leader going through a margin/volume trade-off and a cyclical industry slowdown, with real capacity growth still underway. Worth watching for a base-building phase.
#HPPSTMNDS Can this unhappy stock turn Happy again? Technically, it may be reaching a level where big players have a reason to pump it up. Just a probability, based on the last two occasions.
#BANKBARODA Fascinating TA. Delivery % is well above normal, suggesting shares are moving into demat accounts. Volume says it is still distributing. CVD says absorption. Simple English - Smart money is buying up under the radar while weak hands exit. ๐
#KARURVYSYA After a fantastic run-up hitting all brokerage targets, is now correcting to the support level below. Yet another opportunity for those who missed out.
#BANKBARODA Macro probabilities. Downtrend is intact. Negative news such as employees' strike, is also playing its role along with the one-time out-of-court settlement. Strong support are at 220 and 190.