Windlas Biotech - CDMO. It manufactures medicines for big pharma companies. Stock price moved above IPO listing price with volumes. Price retraced and trying to move higher again. My analysis it is doing similar to Mrs. Bector Foods price movement after it crossed IPO listing price. If Pharma companies are doing Capex and the sector rotation happens then it...
After reading below idea. Please share your thoughts and your plan. We can pick one that is safe and gives good returns. Everyone can benefit. From my earlier ideas I have been saying I reduced trading in stocks and moved to Index ETFs. My trading portfolio now has NIFTYBEES, GOLDBEES, LIQUIDBEES. Reliance & CMSINFO are the only individual stocks, I left them to...
Zydus Wellness Price is at channel support. Volumes are raising from 23 Feb. Mar 11 - 88% Delivery trade. Price formed a Doji. Keep an SL 1560 for targets 1620 1638 1680 1698 Market looking weak so keep a strict SL, if target reaches then trail SL do not hold on to it emotionally. ------------------------------------------------------------ Most of the...
Check the charts below. Earlier even I have high conviction, my SL exited the trade and the stock prices move way beyond. Attaching Amber, HEG. Similar happened to M & M , NAM-INDIA, Indus Ind, Motilal etc. All those trades exited in loss, I entered at almost bottom in these companies. Similarly SL hit in Accelya, MHRIL. But this time I took the trades again to...
Prince Pipes Price is falling but RSI stabilized from some sessions. It might become a falling knife too. Other pipe companies like Astral, Finolex Industries Ltd are not looking weak. May be we will see a news that some large player completely exited and selling is happening all this while. I am not trading in this, do not have enough capital to bet. Just...
PSUBNKBEES Union Bk, PNB saw buying from MSCI rebalance. SBIN is outperforming. Canara Bank Stock Split Opportunity in both break out or profit booking dips. Safe entry is above the trendline
EID Parry I already traded in this. Exited in profit. Sharing this for learning and observation. Stock price taking bounce when it comes near 50 MA. I took a 1:2 risk when the Price came near 50 MA. Kept trend line as target. Support based trades may not work all the time. Risky trades. One of the reason I took this trade is because PPFAS mutual fund bought...
Kaynes Technology Price tried to break 3000 levels multiple times. Volumes are still there, it should cross 3000. Stocks may see profit booking. Be careful while trading in stocks that ran heavily. Keep a strict SL that you think can manage/comfortable with.
L_TFH forming higher highs and higher lows. Respecting trend line. At 2018 resistance, I doubt if any sellers are waiting from 2018. Price might break both ways. Breaks upwards then it should test ATH 188-189. Breaks downwards then Strict SL is below todays candle 164. A little long SL at 162-161.
Ashok Leyland - Price is moving in the channel from months. Base formed from 2 weeks. More Dojis, pressure from sellers and buyers. Both ways possible, so keep strict SL 164. I am long on this, entered at 170 for target above 190.
ONGC - Price closed above the trendline. Price is trying to reach ATH. 300 - 295 levels may see profit booking. Accumulate till 261 will become buy average of 270. Keeping 257 SL and immediate target of 295 - 300 gives 1:2 setup. If price doesn't come down for accumulation or if SL hits then get out of the trade do not stick to it. Keep an eye on OILINDIA...
BATA - Consolidating again at the same levels as in 2023. I already took position at 1400. It should give a chance to enter again between 1405-1390. This might test patience for few weeks to a month. Keep an SL at 1380 . Long SL 1375. Also keep CELLO, DOMS, FLAIR etc school/office related stocks on watchlist. BATA, BANK OF BARODA and COLPAL always gave me...
SunTV - Keep an eye on RSI divergence. Similar Divergence is seen in May My India too, but that looks weak.
TTK Healthcare recently tried to delist but that didn't happen. Stock has not much growth or capex spending. They have around 800 crores from the sale of a business. May be market is expecting a huge dividend. I assume that is the reason Price is moving one way from 900 levels. Results are not that great. It crossed all time high and retracing with low...
Tata communications is taking support at 1670 range. It is trying to break above the trend line. High volumes from two sessions. If volumes support and price sustains above the trend line this should give an nice up % move. Check similar setup in Vaibhav Global, V guard etc. I took trade earlier anticipating breakout but SL hit, GTT closed the trade. I do not...
HCG - 5 month Price consolidation. Touched All time high. -ves: Price retraced but not with low volumes. Every up move is followed by selling, There is chance that existing investors trying to exit. +ves: Above 390 with positive volume should give 10% up move. Price retraced with high -ve volumes but the fall is not more than 2 % suggests buyers interest...
LT saw profit booking from higher levels. Huge volumes. It may retraces back and fill the downside gap. Can be a positional trade. Long SL 3100 Average Entry 3250 Target of 3600 - 3624. 1:2 Setup. Careful while trading these days. Trade with less positions. I want to trade 20 shares but I will only enter with 10 shares. Protect your capital.
Oct 26 2023 - market fell, but the price didn't react much Almost moves above 350. From few days, price is in a range but RSI is going up. Good results, margins contracted. Higher volumes than usual from 2 days. Looking at the Doji today someone might have booked profit. Wait for the price to retrace. It can move in any direction. Keep SL 363. Aim for 400-405....