Usually I avoid Penny Stocks

But the setup seems decent.

INFIBEAM AVENUES

1. Long term Trend Line Support Bounce
2. RSI Divergence in the recent bounce.
3. OBV Looking decent Needs some spike though.

India Cements

Stock has given a Break out today but without volume, Lets watch for a retest if comes.

Fertilizer Theme is explosive these past few days, No pun intended.

GSFC, Chambal Fert and Deepak Fert would be my choices.

Here are the charts.

GSFC

Closing above 215 would be confirmation.

Deepak Fert

ChambalFert

Major resistance is at 575 Once closes above it 610 immediate target and then ATH Opens.

Battery Stocks are trying to kick up some voltages as well.

Lets look at Exide and Amaron

Exide Has broken out of the range it was stuck in what I want is a nice closing above 413

Amara Raja (Amaron) is still in range consolidation but decent place to accumulate still.

Once it breaks 50 EMA it will have a All EMA Break out Setup

There is a possibility of Ship Building Stocks Forming a new Base and Piercing Reversal.

Im Looking at COCHINSHIP, MAZDOCK and GRSE

Here are the charts

Cochin Ship

Needs All EMA Break out in Weekly.

Similar All EMA Resistance in weekly in Mazdock, Break out of that would be optimal.

GRSE

Forming new base, Reversal would be at 10 EMA Weekly Break out confirmation

ACI Setting up perfectly, lower levels were perfect to accumulate but a nice opportune Breakout is appearing this week. Lets see hot the closing goes.

OBV Is fantastic! Seems Ready to blast.

Volume Missing in current week.

Clear Break out above 700.

Alkyl Amines

Setting up a possible Cup and Handle Setup.

CNH Break out above 2500

TBOTEK

Super Candle formed this week, but if you see daily its because of a huge gap up and weekly move is already 21%, Expect retracement or even full gap filling. Set alert for 1490-1500 Range and lie in wait. If you get the dip no need to wait for weekly closing.

Thats it for now, will check more charts later and share.

Hope this was helpful.

Good morning 😁

Next Gen GST Reforms

This is tentatively great news. Many businesses will benefit from this and the consumer ofcourse will get the rolling down discount.

Lets hope for the best implimentation. If someone is doubtful, this is a definite reason to smile for the middle class specially. As it's a mostly straight reduction in GST.

BLUESTAR