Tata Motors DVR looks set for gains if it closes above Rs.115 with targets of Rs.185 and Rs.208 in sight. The positional call on this one will become active only above Rs.115 and the targets might come in a few months to a year.
The stock has given a very strong breakout backed with heavy volumes. Stop Loss at Rs.95 and 1st target of Rs.128-Rs133 (target 1) and second target of Rs.160 (target 2). Keep on your radar.
Only some charts follow Fibonacci Retracement levels this beautifully. Keep a watch on this as Retracement Levels will act as good Support and Resistance levels in the future as well.
Axis Bank looks like a good buy candidate as it has given good breakouts on all trendlines. Even a downward sloping resistance line has now been cut and should act as a support. Another rationale is that other banks (ICICI Bank, Kotak Bank, HDFC Bank) have run up and are at 52-week high/ATH. Maintain Stop Loss at Rs.640 and targets at Rs.765 and then at Rs.820...
Advanced enzymes has formed a wonderful triangle pattern and as soon as it comes out of its pattern on the upper side, the stock should rally towards Rs.445, but it should only be bought post breakout and not before that. Also Stop Loss can be the resistance line of the triangle once that is taken out. Once the stock rises, make 50EMA as your Stop Loss as it is...
CONCOR looks really interesting. A buy above Rs.465 can take the stock to Rs.565, giving a good 100 rupees profit with limited risk. Once a B/O happens, our resistance of Rs.465 will become Support and hence our Stop Loss for this trade. Trade becomes active only above Rs.465, do not enter before that.
OFSS has given a confirmed breakout above Rs.3400 after making us wait for a few months. It had formed a reverse head and shoulder pattern prior to that. The stock is expected to reach a target of Rs.4350 in a few months time frame (1-3 months). The counter is a slow moving one. Stop Loss at Rs.3340 on Closing Basis. Upward Target can be revised if Rs.4350 is...