Even the best of shares/companies undergo severe correction. This is why one needs to be very clear with their investment/trading philosophy. Do not treat markets as a joke. BTW this chart of NSE:RHIM is consolidating well and it even took support at 200 EMA. Picture perfect chart correction. Breakout pending ⏳
NSE:CDSL is attempting to breakout. A breakout above 1600 will be very lucrative. What is the trigger here? -> NSDL has got approval for its IPO, valuations will get revised. Portfolio Grade Stock.
NSE:PAGEIND has given a breakout on weekly chart formation. This is also in line with the fact that more quality businesses are now making a comeback with respect to momentum. Markets have been volatile and these fundamentally strong businesses with lower growth have suffered due to other better alternatives. But with volatility and fear back, money should rotate...
NSE:RADICO looks strong and is attempting a breakout. One can buy above 1850 and keep that level as stop loss. Clean chart. Strong business.
NSE:INDIGO has given a very clean breakout and a stop loss at ~4500 can be maintained here. Clear Blue Sky for the Stock to Fly ;)
NSE:INDIGO has given a very clean breakout and a stop loss at ~4500 can be maintained here. Clear Blue Sky for the Stock to Fly ;)
NSE:IRB has consolidated very well and is likely to give a breakout soon. Keep this one on radar. Beautiful chart structure and good range bound movement.
NSE:MACPOWER has given a clean darvas box breakout. A stop loss at 1500 can be maintained in this trade.
NSE:NOCIL looks good if it sustains above 300 (keep this level as stop loss). Clean breakout after a retest. Looks Solid.
NSE:HDFCBANK has failed its breakout. This is why it is important to wait for confirmation/follow your discipline. Do not rush in trades. Always maintain stop loss and respect price.
NSE:POLICYBZR has crossed its listing price and has entered a new All Time High zone. Stocks that do this normally start their new journey from these levels. It went through a long correction that came in because of the over-valuation but the company has walked the talk and has delivered on fundamentals. This hence, looks like a structural move in the chart as...
NSE:PGIL is a solid pick at these levels in my opinion. Fundamentally we are seeing the story turn around for the textile sector and hence textile companies are on radar for me. Pearl Global has also come out of a solid consolidation and can be looked at with Stop Loss at 680-715. I feel this can be a great performer in the coming days as we continue to see...
A stop loss in the range of 2150-2200 can be kept for traders if you want to play this counter. NSE:CDSL has broken out and is trying its best for a new all time high. Looks very strong and the attempt is clean as well.
NSE:FLUOROCHEM is in a solid consolidation phase. This is picture perfect. Eagerly awaiting for a breakout in this one. With chemical companies rallying, maybe the breakout will come sooner than later.
NSE:MARICO is a buy if it holds 580 this week. A strong weekly closing on the back of strong numbers is exactly what this counter needs after months and months of consolidation. Let's go MARICO!!! It is time to buy this low risk:reward setup. STOP LOSS at 580
Let this be a lesson for millions of investors out there, never buy a falling knife. Always wait for a turnaround and even then keep a stop loss. We are seeing in the case of NSE:PAYTM that the stock kept falling and there was no hope. However retailers kept on buying thinking that how low can this go? Lesson: never buy a falling knife without a turnaround and...
NSE:CGPOWER has declared a strong set of numbers and continues to do well even in a weak market. Keep a stop loss at 540 (for short term traders) and continue to ride momentum here.
NSE:IREDA has been a darling of traders since listing and now it is following a very beautiful trendline. Traders can keep this line as a stop loss and can continue riding as long as it holds it. IREDA is a PSU which finances green projects and also recently got a Narvratna status.