Sunday, May 16, 2021

Amar (Voltas), Akbar (Ashoka Buildcon), Anthony (ITC) looking good on charts!

We have found three brothers who have given a bullish indication on the chart and looking good for more up moves. The market has shown a fall due to weakness in the American market. However, in the last two sessions, Dow Jones has shown recovery so our market can be shown strength.

Voltas: As per the chart, Voltas has given breakout with volume before results and results were then expectation good. Before breakout, it was in a bearish triangle and now Bullish Harami near trendline with volumes. So it is ready to fly till 1100 and below are the plus points.
  1. The company is almost debt-free
  2. ROE is good
  3. The company is on top in peer comparison
  4. Net profits are increasing

ITC: It is also trading in bearish tringle and recently confirmed INHS. The trend change signal near support, there is a good entry point on dips. However, there is a small hurdle near 216-217, if crosses and closes above then good up moves expecting. Also, HUL & COLPAL doing well from the same sector so it will get sector support.

  1. ROE is around 25%
  2. The company is debt-free
  3. The company is on top based on market cap
  4. Results are increasing

Ashoka Buildcon: The company getting good command in their field and becoming strong fundamentally day by day. On the weekly chart, the stock has given a U-turn signal and this signal is near the trendline. RSI is trading near the neutral zone and net profits have increased in the last two quarters. The promoter has increased their holdings in the last three years and it is more than 50%.

I am bullish on all from current levels.


Disclaimer: The contents produced here are purely for educational purposes. They should not be construed as buy/sell recommendations. I am not a SEBI registered Analyst or Investment Advisor. Readers are advised to consult their Investment advisor before taking any decisions based on the above write-up.


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