NikunjPurohit

NikunjPurohit

Triple bottom --- likley to show reversal in tomorrows trade -- if breakdown then short SL- 543 Trades at 2.5x P/B --- operates primarily in Tamil Nadu where new launches are not happening due to sand issue Costliest HFC HDFC trades at 5x and cheapest LIC trades at 2x --- real estate sector looks subdued due to rera

NikunjPurohit

Double top In case market reverses, this looks like a shorting candidate

NikunjPurohit

Trend reversal at 380 Sock has been oscilating between 375 - 440 for past 1 year

NikunjPurohit

1) Likely to breakout of triangle pattern as low volume on retracement 2) Navi mumbai hospital which was loss making and eating away profits has now become ebitda positive, likely to boost profitability in near quarters 3) Fortis IHH deal will rerate the healthcare industry 4) RSI above 60 though fallen due to consolidation

NikunjPurohit

1) Broke out from bearish pattern formed since feb 2018 SL - Todays day low 2) Risk - INR depreciation due to usd strengthening

NikunjPurohit

1) Flag breakout 2) ACC is one of the cheapest stock due to lack of expansion and older plants generating lower ebitda/tonne 3) ACC is looking at JP assoc cement capacity of 5.5 mnt in central india 4) Buy at 1640 - SL closing price -1624---- there is no resitance till 1900 which gives a good risk to reward ratio 5) Risk - ban on pet coke use

NikunjPurohit

1) Listing of ONGC Videsh on foreign exchange will reprice the stock 2) Iran sanctions coming up in Nov 2018 ; which shall increase global crude price 3) Stock has been undervalued for long time because of HPCL takeover and possibility of govt levying oil subsidy 4) stock has broke 5 months trendline with good volumes5 SL -170 Risk reward ratio looks favorable

NikunjPurohit

1) Breakout with volume -- Possible target 212 2) Trades at P/B-2.84 Price 212 wiill make trailling P/B be around 3x -- 3) strong rural demand due to good monsoon and election season and USA president putting pressure on Fed to curtail rate increment will positively impact both demand and credit cost

NikunjPurohit

1) CNX Pharma broke out 2) Breakout in Glenmark from H&S pattern 3) Deal with True North and tie up in Australia and China for its new molecule which are under clinical trial

NikunjPurohit

1) CNX Pharma brokeout 2) Biocon also broke bearish trend 3) It showed a contra trend when all pharma stocks were bearish due to launch of biosimilar SL 681

NikunjPurohit

1) Looking to reverese from trend line to 20MA 2) OI of future also fell on friday 3) Asian paints is also consolidating at 1400 levels 4) SL 337

NikunjPurohit

1) CNX Pharma brokeout on Friday 2) Aurobindo broke out too 3) INR USD broke out of 5 year high of 69 due to dollar strengthening 4) Target 700

NikunjPurohit

If it breaks 1600 then next resistance level will be 1900. SL -1600. Stock has broken flag pattern 1) Stock has been in uptrend for last 2 months 2) Half yearly results were better than other competitors 3) Trades cheaply as compared to other players in the sector due to older and less efficient cement plants 4) SC allowing pet coke import will improve the margin

NikunjPurohit

1) Moving in a channel 2) Likely to bounce back; results were good 3) Fell due HDFC Bank MD resignation news and FII selling due to currency issue 4) For NIFTY to move up further HDFC Ltd has to contribute

NikunjPurohit

Breakout!

NikunjPurohit

1) CNX Pharma on verge of breaking 1 year trendline 2) Making higher highs andhigher lows since jun 6 3) currency depreciation and new launches in usa market will give support to bottomline

NikunjPurohit

1) SC has asked RBI to start insolvence proceding against company 2) Triangle Breakdown 3) SL_13.9 4) RSI taking support at 30 5)

NikunjPurohit

1) Bearish divergence 2) Double bottom - buy at bounce back -- SL 490 3) Both SUN and ZEE has been posting strong ad revenue growth and good bottom line but stock has been under performing to squeeze out weak hands 4) Consumer companies have been performing well, which gives strong visibility of revenue growth for atleast 1 year