NSE:MACPOWER has given a clean darvas box breakout. A stop loss at 1500 can be maintained in this trade.
NSE:NOCIL looks good if it sustains above 300 (keep this level as stop loss). Clean breakout after a retest. Looks Solid.
NSE:HDFCBANK has failed its breakout. This is why it is important to wait for confirmation/follow your discipline. Do not rush in trades. Always maintain stop loss and respect price.
NSE:POLICYBZR has crossed its listing price and has entered a new All Time High zone. Stocks that do this normally start their new journey from these levels. It went through a long correction that came in because of the over-valuation but the company has walked the talk and has delivered on fundamentals. This hence, looks like a structural move in the chart as...
NSE:PGIL is a solid pick at these levels in my opinion. Fundamentally we are seeing the story turn around for the textile sector and hence textile companies are on radar for me. Pearl Global has also come out of a solid consolidation and can be looked at with Stop Loss at 680-715. I feel this can be a great performer in the coming days as we continue to see...
A stop loss in the range of 2150-2200 can be kept for traders if you want to play this counter. NSE:CDSL has broken out and is trying its best for a new all time high. Looks very strong and the attempt is clean as well.
NSE:MARICO is a buy if it holds 580 this week. A strong weekly closing on the back of strong numbers is exactly what this counter needs after months and months of consolidation. Let's go MARICO!!! It is time to buy this low risk:reward setup. STOP LOSS at 580
Let this be a lesson for millions of investors out there, never buy a falling knife. Always wait for a turnaround and even then keep a stop loss. We are seeing in the case of NSE:PAYTM that the stock kept falling and there was no hope. However retailers kept on buying thinking that how low can this go? Lesson: never buy a falling knife without a turnaround and...
NSE:CGPOWER has declared a strong set of numbers and continues to do well even in a weak market. Keep a stop loss at 540 (for short term traders) and continue to ride momentum here.
NSE:IREDA has been a darling of traders since listing and now it is following a very beautiful trendline. Traders can keep this line as a stop loss and can continue riding as long as it holds it. IREDA is a PSU which finances green projects and also recently got a Narvratna status.
NSE:KFINTECH has given a new breakout and a stop loss of 730 can be maintained here. Very strong momentum. This momentum should continue and one can buy this for the portfolio. Looks good.
NSE:LIKHITHA has given a strong breakout today. Trail with stop loss in the range of 305-320. This stock can perform very well in the coming months. Hearing a lot of buzz and finally a breakout to back it.
The News: Shares of NSE:BSE plunged on April 29 after SEBI asked the exchange to pay regulatory fee based on the notional value of its options contracts and not on the premium value. My take: Today's reaction has now taken into account this news and one need not panic. A stop loss at 2580 should do well. We are in a bull market and supports are respected....
US Markets are showing a lot of resilience and I do not expect them to collapse like many are claiming. If US Holds its levels, we will also remain strong during this pre-election rally. TVC:DJI
NSE:KOTAKBANK shares have tumbled after RBI banned the private lender from taking on new clients digitally, due to IT-related deficiencies, raising concerns about the potential impact on the lender that relies heavily on online banking. The current levels may act as a support but this firm stance by RBI is in line with the recent past actions on various other...
NSE:AVALON is attempting to give a breakout and one can buy this counter with a stop loss at 470 for targets till 715. Post 715, that will become the stop loss and one can trail it accordingly. Company is an EMS player and boasts of a fundamentally strong business. EMS companies have low margins but the growth is being driven primarily by volume (demand).
Normally we see stop losses that are on the basis of price but i t is also important that we maintain a time based stop loss. Have a time period for stocks to see the performance, if it doesn't perform, sell and switch (you can always buy later!) to a better counter. In this chart we can see NSE:KANSAINER has not given any returns since years. In fact on the...
BDL may give a breakout above current levels. A stop loss at 1900 is a must here in this situation. BDL looks good fundamentally and technically. Simple chart, no need to complicate it. continue riding the up-move.