LTIM saw sell off from higher levels. Huge volumes. It bounced a bit. IT sector shares are rising, if this participates then the gap will be filled. Overall IT business is weak, big players may take high and create huge sell offs trapping retails investors. Or may be they are buying with future prospect in mind. So keep a strict SL. Can be a positional...
BAJAJ Finance is weak. Big players also talking negative about NBFCs and Big banks. Price can go both ways. Two reasons to buy. 1. Price is in the same range taking 6500-6550 as support. 2. RSI is raising. BAJAJ Finance can give huge move in both directions. So strictly get out of the stock if SL or target hits. Entry 6600 Target 7000 SL 6400 1:2 Setup.
Buying happening in Consumer Durables sector Mainly AC, Fans related. Keep an eye on Havells, Vguard, Symphony, Orient Electric, Voltas, Blue Star. Some of these name already raised with volumes. Crompton, Orient Electric may catch up in the rally, keep an eye. Strict SL is must. Always first ones to raise in the sector are the strongest ones, big players are...
Ami Organics - Price is consolidating from 4 months. Respecting 1075. Long SL at 1050 - 1040. Can accumulate till 1075 for a initial target of 1240 and more. -ves: Chemical sector is not a favorable sector now. So, this trade is a positional with a view of at least 6 months - 1 year. Reasons to trade: 1. All other sectors rallied so much, profit booking...
Vguard trying to reach the trendline. Sector is consolidating see orient electric, crompton, havells, ttk prestige etc. So there is a chance it may fizzle out or may give a fake break out. Enter at 294-293 for a target of 325 with SL 283. If it breaks out then take some profit and for remaining keep trailing SL.
Krsnaa Diagnostics - Price formed a triangle. Current candles have wicks high from top, suggesting selling. Price can move upwards if selling is absorbed. Price can move downwards if sellers dominate. 675 SL for immediate target of 735 - 760 after. Keep in mind that results are not great. This is always depend on Govt. rules. I am already an investor in Krsnaa...
Indian hotels Buying happening in the stock. Price moving from few sessions it should pause, may happen today . Risk reward is better only if we enter when the price retraces. Not expecting huge returns but 10-12 % can be achieved. Can exit at trend line. Keep an eye on EIH hotels, Lemon tree, recently listed PARKHOTELS. Note: I am not trading in Indian Hotels...
AIA Engg. retraced to Sep-Jan resistance level. Price is taking support at 3850-3900. 4400 can be reached if take a bounce from here. Based on risk SL can be 3750 or 3600. Public holding is < 3%, meaning DIIs & FIIs already took to higher levels. So big players can decide the move now both the sides. If you are trading then Keep Strict SL.
MAHKTECH - Hang Seng TECH Index. After 12% fall price is consolidating from one month. -ves Chinese markets are weak, there is a chance this consolidation is a selling too. +ves May be as a contra bet it may attract buying. So Strict SL is must. Enter till 12.5 with SL 12.3. Hoping for a target of 13.5 and more if buying comes. Can try for 1:3 now I bought...
Candles looks like both sellers and buyers are fighting each other. Market weak. Most of the levels may not work. Keep this stock on watchlist. No problem if you do not trade, see how it moves. Apply the same for another chart in future. There will be chances all the time. FOMO not needed.
LTTS Trying to break 2022 resistance. Stock is hovering around the resistance from few days. Wicks are becoming large. Both sides move is possible. Volumes should support for the price to reach ATH. With volumes stock can go 5700 5800 5995 (ATH). It may be a trap. Price is moving more points both directions. if we keep the SL very near there is a chance it...
SRF- Price is trading in the range from Sep'21. Price movement is narrowed now. Hopefully this time, price take one side. Reason to go long: Agrochemicals is in downwards trend. But market appreciates price before the sector revival, forward looking. My plan: Will do SIP. This time I will wait for few months to year. Exit if price goes below 2100.
Power Grid - Price is reaching ATH. After ex dividend price broke out the range. It should easily give 10% up move from here. Power sector is on raise. Dividend stock. Should keep as investment or exit at the range below if you do not want to hold on to this.
Price trying to cross May 2022 resistance. I entered in Jan expecting a breakout, but SL hit on Jan 9th. Price trying again to cross the resistance. Volumes came yesterday. This time I will wait for the volume breakout. Keep on radar.
Endurance results are weak. This chart is similar to CRISIL. After consolidating from months price breakout of rectangle. Went high, retraced below rectangle then started moving up again. Check out to learn if similar pattern forms in Endurance. I am not taking trade in this. It is not a trading idea. Sharing for learning, if it works then we can apply to...
Stock prices usually move higher if they break out of Slanting line breakouts. Check Varun, Sun Pharma ( Not telling to take entry now ). Similar happening now in Vaibhav Global. Once it breakouts expecting a 20% target around 490 - 500. Accumulate till 380. Keeping a bit long SL 370-368.
On edge of line breakout. At all time high, clear breakout can give us 10-20% profit. Results are okay. Good Fundamentals, acquisitions, dividend, profit etc. For trading keep a candle close 266 as SL for a target of 330 - 250. For investing try to add tranches until the fundamentals change.
26 Oct - Market fall. Selling absorbed at 400 and moved up. 30 Nov - Huge -ve volume is absorbed at 400 and moved up. 20 Dec 21 Dec - Price fall, +ve volumes at 400 and moved up. 4th time - If all the selling is absorbed or new buying happens then price should cross 440. Has to cross 458-460 resistance for clear confirmation. Accumulate with in the zone till 400....