Cholamandalam has given a big breakout above all time high and should be an easy pick giving 20% plus returns in the coming trading sessions. Stop Loss at 660
Next Leg of growth in Mayur Uniquoters should come as the stock breaks its 2018 high to claim a new all time high. Stop Loss is marked. Hold for 2-3 years for 100% + returns
Escorts looks very bullish, keep a stop loss at Rs. 1385, other lines, etc. are marked. DO your own analysis before picking shares.
ICICI Lombard should sustain the breakout this time. While deeper stop losses can be followed, for short term trades, I feel, one should stick with the stop loss of Rs.1540
Abbott India looks very bullish and has made a new lifetime high. I expect 2x-3x in the next 4-5 years. Short term targets will be 20%-30% in the coming 3-4 months. Keep Stop Loss at Rs.18500
Jindal Poly Films Stop Loss has to be at Rs.920, buy the stock and enjoy the gains. It is a triangle breakout.
Route Mobile looks extremely bullish and has crossed the All Time High on Friday. The stock can be bought for the short to medium term while keeping a stop loss at Rs.1920
Greaves Cotton looks extremely bullish after that re-test. Keep Stop Loss at Rs.150 and go long in this stock. Expect big targets in the medium term as the stock is around All Time High.
Motilal Oswal is forming a triangle pattern, buy only when the resistance is broken. It is currently on its support. Keep Stop Loss at Rs.770 and go long in this trade.
Go for long position on NSE:MARUTI Because 1. Positive Divergence in RSI. 2. Breakout after 0.5 level of Fibonacci retracement. Daily target at least 50-60%. Set your stop loss at a level of 0.5 Fibonacci retracements i.e; 7364.5.
Reliance Industrial Infrastructure Ltd ( NSE:RIIL ) already given a very big breakout after 12-13 years. Make long position for next 4-5 year. The minimum target after this type of breakout is 8 times to 12 times . Use Trailing stop-loss and add quantity if you are in the winning side of the trade. Sit and ride on this horse it will take you to heaven.
Caplin Point is our chart of the week. Keep Stop Loss at Rs.645 and target should be the previous All Time High. A very very favourable risk to reward ratio.
#Chartoftheweek SHALIMAR PAINTS looking strong on charts Could be a good buy candidate for this week if sustain above 120 Keep eye on it DISCLAIMER ( Educational Purpose ) All investments involve risk. Please Do your analysis before initiating Any trade Good luck !
Kotak Mahindra Bank is in a golden accumulation zone of Rs.1700-Rs.1800; one can buy this stock for positional targets of Rs.2000, the long position will become invalid only below Rs.1700
Sustaining above 430 could take this stock further upside DISCLAIMER ( Educational Purpose ) All investments involve risk. Please Do your analysis before initiating Any trade Good luck !
CDSL looking very strong on charts Sustaining above 835 can take this stock towards 860-870 levels Keep an eye on it DISCLAIMER ( Educational Purpose ) All investments involve risk. Please Do your analysis before initiating Any trade Good luck !
Chambal Fertilisers is Chart of the Week this time and the stock has given a very good breakout. Keep Stop Loss at Rs.245 and go long in this counter. The whole agro industry is doing well and I expect the effects of that will be positively felt in Chambal Fertilisers as well.
Excel industries charts looking very strong for short term Range breakout after almost 2 years consolidation Sustaining above 1050 can take it more upside View negative below closing of 975 only DISCLAIMER ( Educational Purpose ) All investments involve risk. Please Do your analysis before initiating Any trade Good luck !