Ajira Financial Academy

Post HDFC Bank quarter result, we have seen dark clouds covering up markets. Massive correction on the Indices have been recorded and headlines are turning very negative with all doubts and queries. Considering all the chaos, being a rational thinker is difficult at times. With all due respect to the fundamental views of stalwarts, we present our view on the price action without any biased opinion and with complete justification . Let's delve deep into the technical views of our mentor and professor, Kunal Rambhia, and understand what lies ahead for the counter. Monthly Chart: Time Cycle & Price Action From the year 2000, we have seen the stock to be in a bullish trend. There were years of under performance , but the trend remained intact. The maximum "time correction" was noted during the 2000 era, which lasted for almost 3 years. In between, we saw corrections of 1.5 years more than 4 times. Price correction was seen 2 times and rest all turned into time correc...

Founded in 1999, Nazara Technologies is India’s only listed gaming company. It is a leading diversified gaming & sports media platform with a strong presence in Indian and global markets. The company has offerings across interactive gaming, eSports, ad-tech and gamified learning. Some of its IPs include Kiddopia, Classic Rummy, SportsKeeda, etc.  Recently, the company’s shares increased by 5% after it announced partnerships with four Indian gaming studios to release five new games. In the ever-evolving landscape of financial markets, can investors capitalize on this trending stock? Here’s a look at what the charts and indicators are telling us: Weekly: Price Action The counter has seen a price correction from 1500 levels (Sep 2022) to 500 levels (Mar 2023). After making an extreme bottom, the counter entered sideways consolidation, which is now getting converted into an uptrend. Weekly: Fibonacci Extension A very strong rally has been seen at the counter in recent times. Taking...

A part of the Borosil group, Borosil Renewables is a pioneer in speciality glass products. They are the only solar glass manufacturer in India and sell internationally as well. In the coming future, the company plans on increasing exports by tapping more customers in Europe and America.  While the future seems bright, currently the counter is available at support levels. By taking an entry at a lower price we can enjoy a favourable risk-reward ratio and make good returns. Let’s look at the charts to understand why this may be a great opportunity for long-term investors. Weekly: Price Action After being in sideways consolidation during 2019 and 2020, the counter saw a brief uptrend in 2021. In the past one and a half years, it has seen a price correction and has entered sideways consolidation again. Weekly: Indicators The counter can be seen taking support at the same point near 410 levels.  The purple indicator RSI is a leading indicator. It is pointing upwards and about to...