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#Thirumalai chemicals_(244-cmp) Investment update.

The stock currently at crucial support zone of 220-240.
If we see a good buying pressure from here the uptrend rally will resume,

✅View wait for the confirmation- a good bullish candle in weekly charts with volume will do.

♦️If any buying triggers are not seen in coming 2-3 weeks, then the stock might consolidate in a range of 200-280 till the next quarterly results.

Will remain bullish for Auto, Chemical speciality and NBFC sectors, the rally might continue for atleast a year more.

Weekly closing above 266-268, will confirm the resumption of the up trend. Keep a watch on it.

Excellent set of results of Q2 Fy21 from Garden Reach Shipbuilders (GRSE)

> FY21 EPS at Rs 21
> Revenue up YoY 45% Up
> PBT up QoQ 3X
> PAT reported 2.5x from last quarter

Garden Reach Shipbuilders (GRSE) available at such a cheap valuation (PE of 12) great addition to your Portfolio.

#GRSE

Team
Equistake

Good trading isn't about how much you make.

You can make money on poor decisions and lose money on good decisions.

Instead, focus on the process.

Identify your edge, execute it relentlessly, and don't look for shortcuts.

Banknifty testing the 37800 support, if this levels break and closes below on daily levels, we can expect further selling till 37500-37200.

And that will be a good opportunity to add banking stocks in your investment portfolio as the reversals will be very near to your buying prices.

Expect a trend resumption above 38600 levels only, till then the consolidation might continue.

#banknifty

Banknifty closed with a positive intent today.

This might be the short term lows and we may see market moving higher subsequently.

Banknifty - Resistance 38300
Nifty - resistance 18050

Everything you do now is for your future.🧖🏻‍♂️