Tag: Cup-With-Handle

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Is Dalmia Bharat Still A Good Buy ?

Dalmia Bharat stock has cleared a 7-week, 17% deep Consolidation Base this week. Currently, the stock is trading around just 7% away from its ideal buy price of INR 1690. The stock is offering investors an opportunity to get on board at the current price.

The key trend lines, 10 and 40-week moving averages are at a comfortable position. The current trends of both the averages are upward and the 10-week moving average is trending above the 40-week moving average. The current price of the stock is trading around 13.26% away from the 10-week moving average.

Dalmia Bharat has been an outperforming stock as compared to the broader market. It has a strong Relative Strength Rating of 85. In the last twelve months, the stock has rallied over 245.2% as compared to 61.1% for the Nifty500.

The Relative Strength Line of the stock is offering a lot of encouragement to investors. It has been making good progress in the last four weeks. The overall long term trend of the line is also trending upward. If Dalmia Bharat can maintain this outperformance, it could make sense as a CANSLIM trade.

Another key part of the jigsaw is institutional sponsorship. Dalmia Bharat has an Accumulation/Distribution Rating of ‘A+’. This represents heavy institutional buying over the past few weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the last reported quarter.

On the earnings front, Dalmia Bharat has an excellent EPS Rank of 99, which indicates consistency in earnings. The earnings and sales for the stock have grown by 7% and 4%, respectively over the past three years. Its 3-years earnings stability is 50, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 42% and 9%, respectively. The 5-years earnings stability is 93. The return on equity for the last reported year is 11%.

The stock belongs to industry group of Bldg-Cement/Concrt/Ag. You would still want to see some improvement in the industry group rank for the group. The current industry group rank is 62. The current price of Dalmia Bharat is -3% off from its 52-week high price and 279% above it 52-week low price.

The stock appears on our idea lists: Trend Template – 5 Months.

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Rain Industries: Breaks Out From A 7-week Cup with Handle Pattern

Watch Out for Jsw Holdings As Its Marches Towards Its 52-week High

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Rain Industries broke out of a 7-week Cup With Handle pattern

Rain Industries stock has broken out of a 7-week, 22% deep Cup With Handle. However, the stock is still offering investors an opportunity to get on board as the current price is only 3% away from the ideal buy price of INR 175.

The key trend lines, 10 and 40-week moving averages are at a comfortable position. The current trends of both the averages are upward and the 10-week moving average is trending above the 40-week moving average. The current price of the stock is trading around 10.78% away from the 10-week moving average.

Rain Industries has been an outperforming stock as compared to the broader market. It has a strong Relative Strength Rating of 80. In the last twelve months, the stock has rallied over 168.1% as compared to 60.7% for the Nifty500.

The Relative Strength Line of the stock is offering a lot of encouragement to investors. It has been making good progress in the last four weeks. The overall long term trend of the line is also trending upward. If Rain Industries can maintain this outperformance, it could make sense as a CANSLIM trade.

Rain Industries stock has a strong institutional support. The Accumulation/Distribution Rating of ‘B+’ represents heavy institutional buying over the past few weeks. Although the shares held by institutions dropped in the last quarter, the number of institutions holding the stock increased at the same time. This shows increasing interest among the institutions.

On the earnings front, Rain Industries has an excellent EPS Rank of 90, which indicates consistency in earnings. The earnings and sales for the stock have seen de-growth of -13% and –7%, respectively over the past three years. Its 3-years earnings stability is 24, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 8% and 4%, respectively. The 5-years earnings stability is 41. The return on equity for the last reported year is 11%.

The current price of Rain Industries is -6% off from its 52-week high price and 196% above it 52-week low price. The stock belongs to industry group of Mining-Metal Ores, which is exhibiting excellent strength in the current market environment. The current industry group rank is 7.

The stock appears on our idea lists: Trend Template – 5 Months.

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These Two Stocks Are Trading At A Extended Zone: Alkyl Amines and Dcm Shriram

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This Two Stocks Are Trading At A Extended Zone: Alkyl Amines and Dcm Shriram

Dcm Shriram Stock

Dcm Shriram has been an outperforming stock as compared to the broader market. It has a strong Relative Strength Rating of 87. The stock is up over 54.8% in the last 13 weeks. It is up 179.5% from a year ago as compared to 60.7% for the Nifty500.

The stock has had a monster run in just 20 weeks post its break out from a 15-week, 23% deep Cup Without Handle Base. The stock has gained 75% from the ideal buy point of INR 409.

The short term support line, the 10-week moving average is still in uptrend. The current price is extended 18.5% and 60% from the 10-week and 40-week moving average, respectively.

Taking everything into consideration, the stock looks a bit extended for the short term. While shares could certainly keep running higher, this is a good time to be taking at least partial profits. If you are sitting on a big enough profit, you can wait for the stock to breach the 10-week line.

Alkyl Amines Chemicals Stock

Alkyl Amines Chemicals has been a roaring outperformer as compared to the broader market. It has a top-notch Relative Strength Rating of 95. The stock is up over 65.1% in the last 13 weeks. It is up 364.4% from a year ago as compared to 60.7% for the Nifty500.

The stock has had a monster run in just 7 weeks post its break out from a 9-week, 17% deep Cup With Handle Base. The stock has gained 65% from the ideal buy point of INR 5480.

The short term support line, the 10-week moving average is still in uptrend. The current price is extended 38% and 99% from the 10-week and 40-week moving average, respectively.

Taking everything into consideration, the stock looks a bit extended for the short term. While shares could certainly keep running higher, this is a good time to be taking at least partial profits. If you are sitting on a big enough profit, you can wait for the stock to breach the 10-week line.

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Learning Article : Why Do Stocks Form a ‘Cup-with-Handle’?

“Like the x-rays used by doctors, charts tell you at a knowledgeable glance if an individual stock, or the stock market in general, is healthy or sick. In doing so, they let you know if you should be in or out of the stock or in out of the market. And that, as you will see, makes all the difference.” – William J. O’Neil Continue reading “Learning Article : Why Do Stocks Form a ‘Cup-with-Handle’?”