Infinite computers - Early birdInfinite computers
CMP 380.
Target 500 plus
Stop 275
Monthly
Stock has broken past 3 year resistance zone with good volumes.
Stock has a sort of rising W pattern breakout.
Bseindia
Himadri Speciality Chemicals Ltd - Both short term and long termHSCL
CMP 188.
Target 250 plus
Stop 140.
Monthly
Stock had broken past a 10 year range few months back and since then has been appreciating with huge volumes.
Stock took a mild retracement break for a 2 month period before commencing its next leg of upmove.
In that process stock has gone past previous swing high which provides the momentum factor.
Good one to go long from both short and long term point of view.
HINDUJA GLOBAL SOLUTIONS - ANOTHER HIGH PROBABILITY TRADING SETUHGS
Cmp 973
Target 1250 plus
Stop 725
Monthly chart
Stock has broken out of the Cup pattern with huge volumes.
Stocks momentum expected to continue on the back of volumes.
Another stock that can reward traders if patience is observed.
GHCL - A STOCK THAT SHOULD BE IMMEIDATELY BOUGHTGHCL
CMP 349
Stop 270
Target 600 plus
Monthly Chart
1) Stock has completed a broad rounding bottom formation based breakout at 205 which has become a strong support.
2) Stock has done a post retracement breakout above previous swing high at 295 levels which is possibly the next level of strong support.
3) 30 period ma is acting as a resting point for the stock in its uptrend.
4) Stock has multiplied 2x to 3x on three occasions since its encounter with 30 period ma (from 39 to 95, 82 to 160, 101 to 295); stock expected to repeat given the similar pattern by atleast 2x times from 213 level which gives a target of 425 plus and 3x gives a target of 640 plus. Hence stock expected to reach an average level of around 530 levels.
5) Trailing stops and traders patiences recommended to capture the max benefit.
Gandhi Special Tubes - Finally out of consolidationGandhi Special Tubes
CMP 423
Target 500 plus
Stop 360
Monthly chart.
1) Stock is finally out of a 2 year low volatility consolidation zone.
2) Key oscillators signalling momentum build up.
Dabur - A real gemDabur
CMP 354
Target 500 / 800 plus
Stop 285.
Monthly chart
1) Stock has cleared major resistance zone at 315-320.
2) Stock has a strong support in the form of 30 week ema which is currently at 288-290.
3) After each resting on 30 week ema accompanied with a stoch crossover in the oversold zone stock has moved by 190%-225% in the past over a period of 3 years in two seperate occasions.
4) A possible technical multibagger if held patiently.
Asian Hotels North - 2X times possibleAsian Hotels North
CMP 288.
Target 390 / 512 plus
Stop 220
Monthly chart
Stock has cleared past key resistance levels with great volumes.
Stock has a mild resistance at 390. Above 390-400, stock has the potential to reach 500 plus.
Aggressive traders can invest at cmp at stop of 220 and trail the stops as the price moves up inorder to get the max benefit.
Conservative traders can wait for a retracement 250-270 levels but should be willing to take the risk of missing out in case it doesnt happen.
HEXAWARE - WEALTH GENERATING PROSPECTSHEXAWARE
CMP 380
Target 500 plus
Stop 325
Monthly Chart
1) Cup formation breakout with above average volumes.
2) Investor patience required to get maximum benefits.
Shakti pumps - Nearing buy levels; WATCHLIST STOCKHAVE A WATCH.
Shakti pumps.
CMP 532.
Weekly Chart.
LONG PREFERRED ONLY ABOVE 560. HENCE DO NOT BUY IF PRICE DOES NOT CROSS 560. VERY IMPORTANT.
Target 650 plus.
Cup formation in progress in weekly chart.
MACD showing bullish signs.
Escorts - An upward move expected based on price pattern.Escorts
cmp 837
Target 900 plus
Stop 785.
Weekly chart
1) A broad right penant formation based breakout with above average volumes.
2) C & H formation based breakout observed with above average volumes.
AmarRaja Batteries - 200 ma period support bullish patternAmarRaja Batteries
CMP
876.
Weekly.
Target 937/1075.
Stop 790 (short term trading stop) / 745 (medium to long term investment stop loss).
1) Mild RH and RS pattern observed; suggests trend reversal.
2) 200 period ema acting as strong support; more importantly 30 week ema crossover with good volumes.
PFIZER - Rouding bottom bullish breakout.Pfizer India
CMP 2204
Target 2500 plus
Stop 1950
1) Rounded bottom formation complete.
2) Series of Higher highs and higher lows helped the stock to break past 2050 resistance levels, potentially towards 2500 plus.
Tech Mahindra - Good one to go longTech Mahindra
CMP 603
Target 750
Stop 505.
1) Moved past 2 plus years resistance with above average volumes.
2) Facing a mild resistance at 670 which should not be a bottleneck.
3) Broad based reverse H & S pattern seen, which is a positive sign.
4) 30/200 EMA crossover .
LTTS - Bullish patternLTTS
CMP 1212.
Target 1500 plus
Stop 1050.
1) Double bottom breakout at 1150 with good volume.
2) Price bouncing back on a nice trend line.
3) Price might retest the support line or close to support line 1150-1175.
4) Aggressive investors can enter at cmp; but should be willing to face the retracement just in case it happens.
5) Conservative investors can invest around 1175 levels; but should be willing to handle the situation in case of any miss-out in the absence of expected retracements / nil retracements
BHEL Debt free , healthy dividend and divestment candidate makes it a safe bet for long term holding. Resistance at 175 then see 250-275 . Now we can say investment in Navratna is worth. Also there is a tax rebate in investing in this company. think simple think long , stockdada.com
Reliance Industries - A calculated upmove possibleReliance Industries
CMP 972
Weekly chart.
Target 1035
Stop 950.
1) Has been in a calculated upmove + retracement right from its base of 525.
2) Upmoves has been 35%, 25%,21%
3) In that series, a possible upmove of 19% from the swing low of 870 is expected, which works out to be 1035.
Zensar Technologies - Nice upmove expectedZensar Technologies
CMP 936
Target 1035 / 1130
Stop 800
Weekly.
1) 200 ema has provided a solid support for the stock.
2) Stock has pierced past the downward sloping resistance line with above average volumes.
3) In that process stock has surpassed 30 week ema which has been a crucial support or resistance for the stock historically for a significant period of time.
4) Stock has made the first swing Higher High and Higher low and the second Higher high is in the process of formation with previous swing high surpassed.
5) Mild resistance observed in 1033-1040 levels. Above this, has the potential to reach 1130 plus.
ICICI PRU LIFE - LONG WAY TO GOICICI PRULIFE
CMP 430.
Weekly chart
Target 500 plus
Stop 380
Stock has cleared past 30 week ema with good volumes.
Stock also has cleared past downward sloping resistance line.
Stock is in the early stages of formation of cup pattern.
LARSEN AND TOUBRO - 2.5 YEAR RESISTANCE BREAKOUTLarsen and Toubro
Monthly chart
CMP 1372
Target 1600 plus
Stop 1250
1)Series of HHs and HLs with above average volumes.
2) Broken out of 2.5 year resistance.
Swan Energy - Some upmove leftSwan Energy.
Weekly chart
Cmp : 230
Target : 270 plus (conservative target).
Stop : 205
Rationale:
1) V shaped breakout pattern.
2) Series of Higher highs and higher lows has propelled breakout with above average volumes.
WABCOINDIA - Nice bullish setupWABCO INDIA
Monthly chart
1) Triple bottom formation complete.
2) Cup pattern breakout adds momentum to stock.
3) Good level to enter for conservative traders would be at 7500-7900; Aggressive traders can enter at cmp.
4) Target 8850 which is breakout level + 0.5 X (length of the cup pattern level).
5) Stop should be at 7000.
CUPID - INDICATIONS OF UPMOVE
Technical details:
1) Stock has last week broken out of an one and half year downward channel with huge volumes and reached a high of around Rs 420.
2) In that process stock's 30 day ema has crossed 200 day ema.
3) CMP is around 345 meaning STOCK HAS CORRECTED FROM A HIGH OF 420 TO 345.
4) 4 HOUR CHART REVEALS HIDDEN BULLISH DIVERGENCE VIS-A-VIS STOCH 14,3,3 / RSI14 / MACD 12,26,9.
5) STOCH 14,3,3 BULLISH CROSSOVER OBSERVED AT OVERSOLD ZONE.
6) 4 AND 5 SIGNALS A POSSIBLE INDICATION OF COMPLETION OF RETRACEMENT.
7) POTENTIAL UPMOVE AHEAD.
Fundamental details:
Profitability:
1) Current RoE at 47%; Average 3 year RoE at 46.5%; Average 5 year RoE at 35%.
2) QoQ proit growth as on Sep 2017 at 37%.
3) Current quarter vs prev years same quarter profit growth as on sep 2017 at 11%.
4) Positive CFO and CFO annual growth as on Mar 2017 at 19%. CFO steadily growing (except Mar 2014) since 2009.
Leverage:
D/E at 0
Valuation:
1) P/E at 20
2) P/BV at 7
(An academic explanation to derive RoE from the above 2 metrics : E/P = 1/20; P/BV = 7; Hence E/P X P/BV = 1/20 X 7 = 7/20 = 35% )
Promoters:
1) Promoter holding 45%
2) No pledged shares.
Fundamental prospects :
1) Company's management has given a very promising outlook on the business conditions going forward.
2) Company has got an order worth Rs 25 crores from Govt of India, Department of health and the benefits expected to flow in the coming quarters.
3) Expansion of facilities by 20% planned which would bring additional revenues from Q1, 2019.
4) Company looking to participate in tenders for setting up a manufacturing unit in South Africa and also for exporting its products to South Africa.
5) Company plans to achieve 10 crores of sales (volume) in the next 3 years for which Company has started its brand promotion activity digitally.
6) Company has developed three new products as a result of its R&D and started its commercialisation from Dec 2017.
Sector:
Consumer Durables.
My View on the Company:
Technical View : Long bias; Conservative target of 500 plus with a stop of 300.
Mindtree - Powerful bullish chartMindtree
CMP 702
Targt 805 plus
Stop 600
Monthly (not displayed)
Clear Double bottom formation completed.
Weekly(displayed)
Stock has cleared past the upward channel with huge volumes.
Stock has also moved past previous longterm multi support and resistance line.
Daily (not displayed)
Uptrend with spike observed. However, quite unclear in terms of any pattern formation.
THIS CHART IS A PERFECT EXAMPLE TO ILLUSTRATE THE SIGNFICANCE OF UNDERSTANDING THE BROADER PICTURE USING LONG TERM CHARTS INORDER TO DECIDE ON THE DIRECTION OF THE TRADE. SHORT TERM CHARTS ARE TO BE USED ONLY FOR ENTRY AND NOT TO DECIDE ON DIRECTION.
