Accumulate APL Apollo Tubes above Rs.1425 for excellent returns in the medium to long term. Keep Rs.1425 as stop loss as well.
Caplin Point is our chart of the week. Keep Stop Loss at Rs.645 and target should be the previous All Time High. A very very favourable risk to reward ratio.
CreditAccess Grameen looks very bullish. Buy above Rs.750 and keep Stop loss at Rs.735, the targets are marked in the chart.
Reliance is doing its best to end its consolidation. Typical behavior at such resistance levels. Should be at a new all time high soon.
Dr. Lal PathLabs looks very strange on chart but looks like it will hold its support level.
APL Apollo is consolidating in a good range.
IndiaMart is currently struggling on charts, zones are clearly marked.
LTTS looks bullish and the channel is clearly defined.
Reliance Industries looks very bullish and the channel is clearly marked. The main question remains whether it can fuel the current Nifty Rally? Only time will tell but Reliance is following its channel and it can be good for swing trading in general as well.
Kotak Mahindra Bank is in a golden accumulation zone of Rs.1700-Rs.1800; one can buy this stock for positional targets of Rs.2000, the long position will become invalid only below Rs.1700
This stock has been continuously doing well. The company invests in other start-ups and drives its value from that. The stock is following its trendline well. I expect growth and compounding to continue in this one.
Nifty should hold 14290 level as it has done for the last few months. The Index is definitely going through a time correction while you can see individual stocks falling or rising. This is a very healthy sign for the markets in my opinion. Continue to have a neutral outlook on the index at this point. I have marked all important trendlines on the chart as well for...
Chambal Fertilisers is Chart of the Week this time and the stock has given a very good breakout. Keep Stop Loss at Rs.245 and go long in this counter. The whole agro industry is doing well and I expect the effects of that will be positively felt in Chambal Fertilisers as well.
Godrej Consumer Products has not only given a huge breakout but it has also given itself ample fundamental support as well with excellent results and new CEO appointment. Keep a Stop Loss at Rs.770 and you should be fine in this one. It is definitely one of the good FMCG companies out there.
Tata Motors DVR has been one of my top picks and I have discussed this stock before and I have been holding it for sometime now. It has again broken out of its range and further targets are marked on the chart. I expect 200+ soon in this counter. The recent price hike and sales data all point towards a massive recovery in Tata Motors, however, I still cannot ask...
HDFC Bank looks set to follow its channel. The Support and Resistance levels have been working for a very long time now. And I feel this will continue. Keep Stop Loss at 1370, as long as this level sustains you should go Long in this stock.
Kotak Mahindra Bank has been following its chart very well. Long above 1700 (that will be the Stop Loss as well).
A good breakout on Alembic Limited. Can the stock sustain it and continue its upward journey is yet to be seen. The Stop Loss should be kept at Rs.120