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Hello Readers! Today we will discuss your evening tea ka sathi– Britannia! Ticker:           BRITANNIA CMP-             Rs. 5625 Support 1-      Rs. 5580, Support 2-       Rs.5300 Resistance 1- Rs. 5910, Resistance 2-   Rs.6175 Refer to the chart below. We can see that Britannia has trended upwards pretty consistently, and the corrections, which might have seemed scary in the past, seem trivial in hind-sight. It is one of those rare buy & hold stocks that grandparents bought

Hello Readers! Market is a house of mayhem as we know it right now. Even though today was a day to breath easy, I believe the worst is yet to come. Enjoy the read and do follow my blog by clicking on that blue ‘follow’ button at the right side of your screen! __________________________________ An analysis of Nifty 50 Nifty has corrected nearly 880 points from the top of 11770, that is 7.5% so far and has recently forged a low of 10866 which is below the monumental psychologic

Hello readers! Here’s another follow-up on the analysis of Balrampur Chini’s stock. After our initial coverage of this stock on 24thAug(link here), it has already given a 25% run-up so far which I feels phenomenal. But let us not forget that run up is just the beginning. The target lies much further ahead. After two days of strong upside movement, the stock has dipped. Now, market participants will know it is nothing unnatural because profit taking is eminent after suck a sha

TICKER: BALRAMCHIN Since the post on Balrampur Chini  on Aug, 23rd, the stock has been performing well. Things are looking up on the stock’s chart. The price action recently gave a pull back after closing above the 100 day EMA for 3 consecutive days. The pull back found support at the 50 day EMA and soon enough bounced back piercing the 100 day EMA level of 77.05 and closing at 77.65. The stock has again open with a strong gap up today morning. All the conditions for calling