NSE:KFINTECH has given a new breakout and a stop loss of 730 can be maintained here. Very strong momentum. This momentum should continue and one can buy this for the portfolio. Looks good.
NSE:LIKHITHA has given a strong breakout today. Trail with stop loss in the range of 305-320. This stock can perform very well in the coming months. Hearing a lot of buzz and finally a breakout to back it.
The News: Shares of NSE:BSE plunged on April 29 after SEBI asked the exchange to pay regulatory fee based on the notional value of its options contracts and not on the premium value. My take: Today's reaction has now taken into account this news and one need not panic. A stop loss at 2580 should do well. We are in a bull market and supports are respected....
US Markets are showing a lot of resilience and I do not expect them to collapse like many are claiming. If US Holds its levels, we will also remain strong during this pre-election rally. TVC:DJI
NSE:KOTAKBANK shares have tumbled after RBI banned the private lender from taking on new clients digitally, due to IT-related deficiencies, raising concerns about the potential impact on the lender that relies heavily on online banking. The current levels may act as a support but this firm stance by RBI is in line with the recent past actions on various other...
NSE:AVALON is attempting to give a breakout and one can buy this counter with a stop loss at 470 for targets till 715. Post 715, that will become the stop loss and one can trail it accordingly. Company is an EMS player and boasts of a fundamentally strong business. EMS companies have low margins but the growth is being driven primarily by volume (demand).
Normally we see stop losses that are on the basis of price but i t is also important that we maintain a time based stop loss. Have a time period for stocks to see the performance, if it doesn't perform, sell and switch (you can always buy later!) to a better counter. In this chart we can see NSE:KANSAINER has not given any returns since years. In fact on the...
BDL may give a breakout above current levels. A stop loss at 1900 is a must here in this situation. BDL looks good fundamentally and technically. Simple chart, no need to complicate it. continue riding the up-move.
NSE:BSE has given yet another breakout and one can now trail it with a better stop loss at 2865. BSE has done very well and continues to do so without any major price correction on the downside. Looks good.
NSE:RATEGAIN has bounced from its support levels and can be added to the portfolio at these levels. I also expect a solid Q4 from them in the coming days when they announce their results. The correction that came in this counter never felt like a long term downward move. So I do believe that investors can add this fundamentally strong stock at these levels. Stop...
NSE:SWSOLAR is finally catching up with its solar industry peers. A stop loss at 540 should hold well for this counter. Go long. I am very bullish on the solar theme and other shares in this industry have continued to outperform the market.
NSE:SWELECTES is a beneficiary of the tailwinds that we are seeing in the solar sector right now and in my opinion, we will continue to see a rise in this sector. Sometimes valuations looks a bit stretched in this sector but earnings keep on delivering and we can see a similar case here. A stop loss at ~1200 can help entering this volatile, low volume stock with...
NSE:KMSUGAR is looking on the verge of a breakout. A stop loss at Rs.42 would do well in this case. This is a pure technical chart structure sort of a pick and hence, following the stop loss is very crucial. For investors/traders already holding, keep a stop loss at 36-37.
NSE:JSWINFRA is the fastest growing port-related infrastructure company in terms of growth in installed cargo handling capacity and cargo volumes handled during Fiscal 2021 to Fiscal 2023, and the 2nd largest commercial port operator in India in terms of cargo handling capacity in Fiscal 2023. Their installed cargo handling capacity in India grew at a CAGR of...
NSE:KSCL has given a proper consolidation on monthly chart structure. A stop loss at 620-650 on monthly levels should do well. Kaveri Seeds can be added for a longer term as the consolidation is on a very big time frame. targets normally for such charts are 5x-10x in ~5 years if breakouts can come with sustained momentum.
NSE:SENCO is a curious stock for me. The business is growing and easy to understand. With Kiara Advani as brand ambassador the brand has been able to build pan India trust. But all of us in the stock market know that charts have a life of their own. The case remains to be seen whether this solid breakout can be held. The breakout came on the 15th of April which...
NSE:MARKSANS has attempted a breakout and any follow up should be bought into. The stop loss will be at 175 after the breakout is confirmed. Looks good for short to medium term. Excellent volumes today.
NSE:CDSL is on the verge of a breakout and if this happens, a consolidation will end. Keep a stop loss at 2000 once the breakout takes place. Fundamentally strong and technically a sound breakout on the cards.