ALKEM LAB- POTENTIAL BREAKOUTALKEM LAB IS ON THE VERGE OF GIVING A BREAKOUT OF THE DOUBLE BOTTOM CHART PATTERN. LOOK FOR BUYING OPPORTUNITIES IF IT GIVES A BREAKOUT WITH GOOD VOLUMES. IMMEDIATE TARGETS OF 3100-3150 CAN BE ACHIEVED. STOP LOSS 2935.
BSE
INDUSIND BANK- BULLISHGOOD BUYING SEEN IN INDUSIND BANK TODAY. RSI BULLISH. THE TREND LINE SHOWN IS THE RESISTANCE LINE IN THE WEEKLY TIME FRAME. IF IT OPENS SOMEWHERE NEAR 1020 THE MOMENTUM CAN CONTINUE YOU CAN LOOK FOR BUYING OPPORTUNITIES. THE FIRST TARGET WILL BE 1085. ONCE IT CROSSES 1100 LEVELS WITH MOMENTUM 1195 LEVELS CAN BE ACHIEVED EASILY. REWARD TO RISK RATIO ALSO FAVOURABLE. MAINTAIN A STOP LOSS OF 985.
BHARAT GEARS- BREAKOUT WITH GOOD VOLUMESBUY AT AROUND 105-108 LEVELS. STOP LOSS 95. TARGETS FOR MEDIUM TEAM 130-140
GHCLLOOK FOR BUYING OPPORTUNITIES ONCE IT CROSSES 263 LEVELS. GAVE A BREAKOUT WITH GOOD VOLUMES AND RETRACED WHICH IS A GOOD SIGN FOR AN UP MOVE STOP LOSS AROUND 250. TARGET 1- 270 TARGET 2- 285. STUDY THE CHART IN MULTIPLE TIME FRAMES TO GET A BETTER IDEA.
MAINTAIN STRICT STOP LOSS.
[Positional] Geojit Long....Good structure in GEOJIT
Very good volumes in uptrend and volumes dried in consolidation
Buy at CMP or add till 53
Target 76-84
SL-39(Closing basis)
risky bet please maintain money management and position sizing in this trade (in all small and mid cap stocks)
Market Cap-- ₹ 1,591 Cr.
ROCE-- 14.3 %
ROE-- 9.65 %
Stock P/E-- 15.1
Company is almost debt free.
Free float-- 604 cr.
GRANULES- AT A GOOD POSITION TO ACCULMULATEGAVE A BREAKDOWN OF THE TRENDLINE IN THE DAILY TF. BUT NOW TAKING SUPPORT AT AN IMPORTANT ONE. ALSO TAKING SUPPORT AT THE 200D EMA. LOOK FOR BUYING OPPORTUNITIES IF IT SUSTAINS ABOVE 332 LEVELS. THE NEXT BIG MOVEMENT CAN BE SEEN AT ABOVE 365 LEVELS. STOP LOSS-299
HINDUSTAN PETROL-BREAKOUTGAVE A BREAKOUT IN THE DAILY TF. RETRACED A BIT. AGAIN READY FOR AN UPMOVE. SHOWING GOOD PRICE ACTION. KEEP ON YOUR RADAR. TARGET 1-285 TARGET 2- 299. STOP LOSS-255. NOT A VERY GOOD REWARD TO RISK RATIO AT THE MOMENT.
MEERA INDUSTRIES LTDIf swing low is not breached we may expect 67/84/100 in this counter but the concern is liquidity issue and huge lot size. This is an SME stock with decent fundamentals
MCX : Flag Pattern - Long TermStrong Flag pattern in Weekly charts with MACD just ready to move upside. Strong Targets awaiting.
TRENT- BREAKOUTGIVEN A BREAKOUT OF A VERY IMPORTANT RESISTANCE ZONE WITH GOOD VOLUMES. KEEP ON YOUR RADAR FOR THE NEXT FEW TRADING SESSIONS. MAINTAIN STRICT STOP LOSS. 20-30 POINT TARGETS CAN BE EXPECTED TOMORROW. BUT A GOOD STOCK FOR SWING TRADING AS WELL.
INFO EDGE- NAUKRI- MORNING STARA very important stock for the next few trading sessions. Took support at the Fibonacci levels. It has also formed a morning star pattern today. Volumes have been good. Look for buying opportunities if it stays above 4400. MAINTAIN STRICT STOPLOSS
RBL BANK- BREAKOUTBREAKOUT OF THE TRIANGLE PATTERN IN THE DAILY TF. BUY ABOVE 201. LOOK FOR BUYING OPPORTUNITIES ONLY IF IT CROSSING THESE LEVELS. TARGETS OF 210-214 CAN BE ACHIEVED.
GALAXY SURFACTANTS- BREAKOUTACCUMULATE NEAR 3050 LEVELS. TARGETS OF 3300 CAN BE ACHIEVED IN A FEW TRADING SESSIONS. BUY ON DIPS.
INTRADAY STOCK FOR 18 MAYJSW STEEL LOOKS GOOD FOR TOMORROW !
WAIT FOR CLOSING/RETEST ABOVE SUPPORT/RESISTANCE.
IF OPEN BIG GAP UP/DOWN THEN AVOID OR TRADE ACCORDING TO PRICE ACTION !
TRADE WITH PROPER RISK MANAGMENT !
FOLLOW FOR DAILY ANALYSIS
BATA INDIA-BREAKOUTBUY WHEN 15 MIN CANDLE CLOSES ABOVE 1391 WITH STRONG VOLUME. SHORT-TERM TARGETS OF 1420-1430. MAINTAIN STRICT STOPLOSS.
DHANUKA AGRITECH- BREAKOUT TRADEBUY IF 15 MIN CANDLE CLOSES ABOVE 931 AND IF VOLUMES ARE STRONG. MAINTAIN STRICT STOP-LOSS OF 900.
MOTHERSON SUMI- NEAR BREAKOUTBUY ABOVE 240. BREAKOUT OF CUP AND HANDLE PATTERN. RSI HAS MOVED ABOVE 6O. GOOD FOR MEDIUM-TERM PERSPECTIVE.
NTPC- STRONG BREAKOUTBREAKOUT OF AN IMPORTANT RESISTANCE LEVEL WITH GOOD VOLUMES. CAN BUY FROM MEDIUM-TERM PERSPECTIVE. RSI BULLISH. MAINTAIN A STRICT STOPLOSS. THE REWARD TO RISK RATIO LOOKS OKAY.
LTI-GOOD BUYING ZONE3600 levels are a good buying zone. Start accumulating in small quantities. Maintain strict stop loss.
PRAKASH INDUSTRIES-BREAKOUTA VERY IMPORTANT SHARE FOR MEDIUM-TERM PERSPECTIVE. HAS GIVEN A BREAKOUT FROM A VERY IMPORTANT RESISTANCE LEVEL. VOLUMES HAVE BEEN GOOD. RSI BULLISH. ONCE 15 MIN CANDLE CLOSES ABOVE 103 TARGETS OF 115 CAN BE SEEN EASILY. KEEP ON YOUR RADAR. STOP LOSS-93
UPL BREAKOUTBREAKOUT IN 15 MIN TF WITH STRONG VOLUMES. CURRENTLY AT AN IMPORTANT RESISTANCE LEVEL BUT LOOKING AT THE VOLUMES A BREAKOUT IS POSSIBLE. DAILY RSI ABOVE 60. IMMEDIATE TARGETS OF 700. GOOD SHARE FOR TRADING PERSPECTIVE.
