akashbothra

akashbothra Updated 

Nifty 50 index is trying to break it's resistance line and it looks like it will be successful to do so. The next resistance for Nifty comes at 10760 which is it's old high and after that sky will be the limit for Nifty, but will that be easy at a PE of more than 28 ?? Only time will tell. I think everyone should trade cautiously at these levels because everything...

akashbothra

Indiabulls Housing is on the verge of breaking out above it's previous high of Rs.880. If it successfully breaks out then it can move up to Rs.1080-1090 in a few days. One can buy this stock around Rs.885 with a stop at Rs.830. Nifty is jittery around it's old highs and is at a PE of more than 29 so trade cautiously. Happy Trading :)

akashbothra

Petronet LNG broke out above 250 on 29th March. Good momentum is evident from the fact that ADX is above 29. One can buy at current levels with a stop loss at Rs.233 or one can wait until it crosses 255 after taking support at previous resistance. Trade cautiously as Nifty is near it's old high.

akashbothra

TGV SRAAC closed above it's previous resistance of Rs. 41.85 with high volume and ADX showing a level of 38. This share is giving an earnings yield of 11% which is much better than 10 year govt. yield. It may be a good bet for the long term. Buy at current levels with a stop loss at Rs. 37.

akashbothra

Repco Home Finance is flexing it's muscle since the start of this month and it touched it's resistance line first at Rs. 474 and then at Rs. 482 in March. If Repco Home breaks it's resistance line and closes above it then it can go much higher. It's a very good company among other housing finance names with a compounded annual sales growth of nearly 31% in last 10...

akashbothra

Inox Leisure has given a breakout above 326 which was it's resistance since Feb'18. The breakout is accompanied by above average volume and ADX is above 40 which is a very bullish sign. If I go by it's trailing twelve months financial figures then this company registered revenue growth of 17%, operating profit growth of 34% and EPS growth of 149% and it's PEG...

akashbothra

Buy RBL Bank with a stop loss at 622. ADX is extremely bullish (above 40) and it has broken out decisively above 652.

akashbothra

RIL has given a breakout above 1329, faced resistance at 1388 and came down. Now it's moving upwards again and ADX is above 27 which is a bullish sign. One can buy at current levels or above 1388 with a stop at 1311.