drupadk

drupadk

Ipca Labs has moved out of a 9 month long consolidation/decline as shown by the chart. Ipca Labs can be bought here as a medium term trade/investment. Targets : 2450 (prior high) and higher (open target since stock will be in new territory) Stop Loss: 2085 WCB (3 week closing low is 2089). A deeper but more logical SL is 2045 WCB.

drupadk

Tejas Networks made a post crash weekly closing high of 218.7 in the week ended 15th February 2021. Since then, the stock has been trading in a tight range between 160-200. The stock finally broke out of its range this week with a weekly close above 200 - the highest weekly close in 4+ months. One can buy...

drupadk

Clean weekly breakout with high volumes. Buy at cmp and on declines to 93-94 SL: 92 WCB TGT: 125 TF:1-2 months

drupadk

Chart is self explanatory. Buy TVS Srichakra strictly for investment at CMP. Multiple breakouts in play alongside the first weekly close above 200 WMA (forest green colored MA on the chart) in many years. Stop Loss : 2090 WCB Target : At least 2800.

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After making a weekly closing low in May 2020, MAXVIL started moving up in a well defined rising channel as shown in the chart. The stock first broke above its rising channel resistance in the week ended 24th May 2021 by closing at 72.5. The stock finally made a weekly closing high of 77 off in early June 2021 before sliding back inside the rising channel....

drupadk

After making a weekly closing high at 3172.25 during the week ended 27th August 2018, VMART entered a 3 year long sideways/down period where the stock had its upside capped at 2900 on a weekly basis. As the chart clearly shows, the stock has undergone a 3 year long rounded consolidation phase between 1600-2900 (ignoring the noise). VMART has managed to break out...

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After spending all of 2021 stuck in a 120 Rs range, Centrum electronics has finally broken out with huge volumes. The stock has broken and closed above an 18 month old resistance trendline (red horizontal trendline on the chart) and it has also decisively broken through the 200 wma for the first time in many years. One can go long in Centrum Electronics at CMP...

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The CNX Realty Index was created in January 2007. The index began with a base level of 1000 and made a quick high of 1878.45 in January 2008 at the peak of the 2003-2008 bull market. The great crash followed and the CNX Realty Index collapsed to 161 (-90 pct ) by March 2009. This was followed by a strong 6 month long pullback rally where CNX Realty peaked at 630...

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Jindal Saw has closed at a new post crash weekly closing high of 122.35 after a 4 week consolidation which saw the price range between 99-119. The stock is currently moving up in a channel as clearly seen in the chart. Additionally, a long term resistance trendline connecting all the major tops between 2008-2021 lies overhead. This trendline currently acts as a...

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After a failed breakout above the short term resistance trendline ( blue coloured "Resistance TL" on the chart) in mid May, the India Cements stock has moved above the prior resistance trendline once again this week. The last breakout attempt failed at the long term resistance trendline (red coloured TL on the chart) which is a 13 year old trendline and a break...

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HDFC Life broke out of a 6 month old downtrend (red coloured resistance trendline on chart) with decent volumes. It has also closed at a 3 month weekly closing high. The stock will move higher eventually even if the move is slightly volatile. Resistance/Target : 720-725 is a recent top and our primary resistance. Once it is taken out, the stock will target the 3...

drupadk

Khadim India closed at a 17 month weekly high of 196. The stock managed to close above its strong weekly resistance level of 177 with strong volumes. The stock can be bought at CMP and can be added on declines to 185. Target : 2019 price levels of 230 and 280 (dotted redlines on the chart) make for decent short to medium term targets. Stop Loss : Longs can be...

drupadk

SKF India closed at an all time weekly high of 2549.05 this Friday. It has also managed to break out of a 4 year old rising channel (clearly marked on the chart). Both events represent strong upside momentum and make SKF India a great medium to long term buy at this price Target : Fibonacci projection gives us targets of 2770 (1.618) and 3780 (2.618) and...

drupadk

Arvind Ltd closed at a post crash weekly closing high of 85.35. It also managed to close above the 200 WMA (forest green colored indicator on the chart) for the first time since 24th September 2018. One can go long at CMP and buy on declines as well. TGT: 97-115 SL : 78 WCB

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Selan Exploration closed at a post crash weekly closing high of 154. In doing so, it broke and closed above a 30 month old weekly resistance trendline on the chart. It also closed above the 200 WMA (dark green colored line on the chart) for the first time since 2019. The stock should continue higher in the short to medium term. One can go long at CMP and add more...

drupadk

BEPL broke out of its 5 month long sideways move to close at a fresh post crash weekly and daily closing high of 185.65. Overhead resistance of 210 (2018 all time high) is very important and the stock may take some more time to break through this level. However once this resistance is taken out on a weekly basis the stock enters uncharted territory (ATH) and can...

drupadk

Aptech has closed at multi year weekly closing high of 236. The stock can move much higher immediately or can consolidate for some more time before moving up further. In any case, Aptech is a great short to medium term buy at this level. Stop Loss: 225 WCB Targets : 292-343 (2018 price levels). The resistance trendline (red TL on the chart) will also act as a...

drupadk

HBL Power made a post crash monthly closing high of 41.10 in December 2020. Since then the stock has been range bound for almost 5 months and has moved in a 10 Rs range between 33-43. Not only did the stock close at a fresh post crash monthly high of 46+ today but it also gave the highest monthly closing since April 2018 with very good volumes. One can go long...