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HCL Technologies is primarily engaged in providing a range of software development services, business process outsourcing services and IT infrastructure services. The company has generated EPS of Rs 10.80 during Q1FY21 as against full year EPS of Rs 40.73 which is ~26% of full year EPS. Considering the Covid lockdown the performance during Q1FY21 was good. The...

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SBI Cards and Payment Services Limited (SBICPSL), incorporated in 1998 and a 69.51%-subsidiary of SBI, is a non-deposit taking systemically important non-banking finance company registered with the Reserve Bank of India. It is the second largest credit card provider in the country, with a card base of about 10.5 million as of March 31, 2020. Apart from the...

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Tata Global Beverages and its subsidiaries (together referred to as the group) and the group’s associates and joint ventures are engaged in the trading, production and distribution of Tea, Coffee and Water. The group has branded beverage business operations mainly in India, Europe, US, Canada and Australia, plantation business in India and extraction business in...

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Reliance Industries is engaged in activities spanning across hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and digital services. The stock has declared EPS of Rs 20.69 during Q1FY21 as against full year EPS of Rs 58.20 which is ~36% of full year EPS. Considering the Covid lockdown the performance during Q1FY21 was...

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Coromandel International is engaged in the business of farm inputs comprising of fertiliser, crop protection, specialty nutrients and organic compost. The stock has declared EPS of Rs 8.55 during Q1FY21 as against full year EPS of Rs 36.35 which is ~25% of full year EPS. Considering the Covid lockdown the performance during Q1FY21 was good. Also the monsoon across...

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Alkyl Amines Chemicals is a global manufacturers and suppliers of amines, amine derivatives and other specialty chemicals. The stock has declared EPS of Rs 25.88 during Q1FY21 as against full year EPS of Rs 105.47 which is ~25% of full year EPS. Considering the Covid lockdown the performance during Q1FY21 was good. The stock is now consolidating near its ATH and...

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A very positive opening for the stock of Laurus labs. It has rallied past the prior high (₹1,155.9) and registered a fresh all-time high today. The stock is riding on a significant upside momentum and the fresh breakout will only make the case stronger for the bulls. So, declines can be used as an opportunity to go long in the scrip.

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After a minor correction in the first half of August, the stock of Deepak Nitrite rebounded from the support band between ₹550 and ₹570. It rallied and is now retesting the all-time high of ₹673.35. The major trend is bullish and the stock has formed higher low in the daily chart. Going forward, the scrip can breakout of the prior high and witness a strong rally...

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The stock of Syngene, in a good uptrend since the beginning of April, appears to be consolidating for the past three week. Whatsoever, the trend remains bullish the price lies above the 20-SMA, indicating that the stock is still inclined to an upward move. Also, a rising trend line support coincides at current levels, making it a considerable support. The stock is...

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A breakout of ₹1,920 has led to the confirmation of bull-flag pattern. Since the stock is making lifetime highs, the upward momentum looks good and the scrip can gain sharply from the current levels.

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The stock after a huge gap up post results has been trading sideways to form a bull flag pattern (continuation pattern). The 20 period MA has been a good buy points for stocks forming All Time High. We believe the stock to continue its upward journey in days to come.

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Stock responded positively to the support of 20-day moving average. Around ₹756, the moving average coincide with the rising trend line increasing the strength of the support. Moreover, the trend is bullish . Hence, one can go long at current price levels and going ahead, the stock can be expected to continue to register fresh all-time highs.

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The stock is likely to emulate the rally that happened by taking support ₹565 post confirming a run-away gap in early April. After forming a fresh gap-up last week, the stock holds on to it and the scrip is in a position to establish another leg of uptrend and form fresh all-time highs.

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Bayer Cropscience hit fresh lifetime high last week and is trading above a strong support band. After a minor correction, the stock bounced from ₹5,900-mark. It is likely to move up further and hit higher highs.

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By posting one of the biggest monthly gain - which resulted in stock making new lifetime high - the bulls have made their intent very clear. Nevertheless, the stock has been consolidating since the beginning of the month. Since the major trend is bullish and ₹950 levels is a good support, the stock is highly likely to bounce strongly.

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The stock of TCS is currently testing the support around ₹2,240 area. Incidentally, the support is made stronger by the rising trend line on the back of which the stock has bounced several times since April. Likewise, the stock can take support at this level and resume its uptrend in the forthcoming sessions. So, stay bullish.

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Stock responded positively to the support of 20-day moving average. Around ₹756, the moving average coincide with the rising trend line increasing the strength of the support. Moreover, the trend is bullish. Hence, one can go long at current price levels and going ahead, the stock can be expected to register fresh all-time highs.

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The stock broke out of ₹525 last Thursday, thereby confirming the bull-flag chart pattern. After marking a high of ₹544.5, the price softened and is now finding support of 20-day simple moving average. Since the scrip is in a sharp uptrend, it is expected to extend the rally in the upcoming sessions and so, the current price level seems like good entry area. The...