After a good listing this business has continued to do well. We can see another solid upwards move in this counter. Stop Loss at 4700 should be maintained. Positional Trade .
It is a good time to accumulate NSE:EXICOM at these levels because the stock has declared strong numbers and is in a fundamentally strong business. Keep this on radar because this company is definitely very strong.
NSE:LINDEINDIA has given a strong breakout amidst a big sell-off. A simple stop loss at 5850 can be very good for this fundamentally strong business. One needs to be cautious during this phase of the market as this phase may trigger a proper correction.
Kirloskar Brothers Clean Breakout on chart with volumes. However, the candle is not the best and failure rte is high. Buy only if it sustains above 1030 which will also be the stop loss.
NSE:SUPRAJIT is on the verge of a good breakout. This is the weekly chart structure. My recommendation here on the basis of price action is that you need to buy after breakout and keep a stop loss at 445 once the breakout takes place. This will help in safeguarding you as you will only buy on momentum. Consolidation has been good.
NSE:IRFC has done exceedingly well in the markets like other Railway PSU stocks. No one can deny that these shares have performed well on fundamental backing. However, it will be wrong to say that the rally is not stretched. Corrections can be of 2 kinds in the market and here there is a possibility of consolidation (time-wise correction). A consolidation is not...
NSE:LTTS is close to its all time high now. On weekly charts, one can look for the breakout and then add in this position. This business looks strong and with other listed peers like NSE:TATATECH commanding a strong valuation, one can expect better P/E multiple for this business as well. Buy only on breakout.
BSE:YASHO is on the verge of a breakout and one should keep this stock on radar. Buy only after the breakout and keep a stop loss at 1730 for targets of ~2000+. However this is only the first target and you should definitely expect much higher levels here.
NSE:RATEGAIN looks very strong and is a direct play in the booming tourism industry. This share is likely to continue to do well. Keep a stop loss at 770 and the risk to reward is definitely in your favor.
NSE:POLYCAB looks good at these levels. It is a good candidate to fill the gap that it created due to the Income Tax Raid news. If it attempts to fill the gap, I do expect it to reach its previous highs.
NSE:GRWRHITECH continues to rise post a strong quarterly performance. Short term investors can keep a tight stop loss at 1800 here. If the market holds and volatility does not increase exponentially, then this stock is likely to do well.
NSE:HDFCBANK has been hammered by the markets and is currently taking support at 200 Weekly EMA. This level has been touched or breached by the bank only thrice before today in more than 2 decades. This is certainly challenging for the bank and while it looks oversold, I would only buy above the current resistance of ~1700+ as this level has been a very strong...
NSE:ZEEL has been hammered after the merger was cancelled by Sony. It is now at a major support however, I do not believe one should give significant portfolio allocation to this stock.
NSE:AVANTIFEED has given a strong breakout on monthly charts. The stock has come out of a very long consolidation. Keep a stop loss at 500 and expect targets of 880. Go long.
NSE:RELIANCE has given a clean breakout and one can go long here. Keep Stop Loss at 2550. Long consolidation has ended, should continue with rally. The move here will also impact NSE:NIFTY positively.
CBOE:SPX is at a very crucial zone. This is the old high and it is very important for this index to close higher if we want to see further momentum in the US markets. US Markets have not been in the strongest of moves recently and hence, it is imperative that some strength is shown here.
NSE:XPROINDIA has given a strong breakout and is looking good at these levels. Keep a stop loss at 1100 and go long. Risk to reward ratio is very favorable as the stock has ended a long consolidation.
NSE:FLUOROCHEM has given a double breakout! Firs tit broke out of its long consolidation in a triangle and then it took out another trendline which now gives us our stop loss. Keep stop loss at 3150 and hold this one. Chemicals are making a comeback.