HCG has broken out of a very frustrating resistance. Keep a tight stop loss at 300 and go long in this one. Hospitals are also currently the flavor of the market so ride the momentum.
This stock looks exciting. Keep a stop loss at 215 and go long in this trade. Solid company but in recent times it has given many false breakouts. Be a bit careful.
Kirloskar pneumatic continues to surprise on the upside with strong momentum. Buy with a stop loss 550 for longer term. Short term Stop loss is also marked but is not recommended. Beautiful Setup.
Earnings NEWS: State Bank of India reports the highest ever quarterly Net Profit of Rs 13,265 Cr (a growth of 74% YoY). Loans: 20% YoY growth, 4.6% QoQ growth! Analysis: With Earnings backing the stock (beat on all estimates), I expect the stock to continue the momentum as the strongest PSU bank. Keep a stop loss at 570 and go long for the longer term.
Cummins broke from its range and is likely to do well. Trail Stop Loss accordingly in this one. Cummins India is a dominant player in generators and power generation. It is also working closely with the Indian Railways for the electrification of engines and is also building data centers for other companies.
Godfrey Phillips has given a textbook VCP breakout. Volume reducing and price contracting higher. Big Breakout on Monthly Charts. Long term position, trail Stop Loss accordingly.
CMS Info Systems Limited is India's largest cash management company in terms of the number of ATM points and retail pick-up points. The company is engaged in installing, maintaining, and managing assets and technology solutions on an end-to-end outsourced basis for banks, financial institutions, organized retail and e-commerce companies in India. The business...
Delhivery has been hammered by the market after the management guided for a muted quarter. Delhivery is a classical case of Growth stock without growth. Market has absolutely destroyed this stock now.
Axis Bank looks very strong. Picking a big position in this one for longer term. Stop Loss is marked on weekly. Buy for long term (2-3 years).
ZFCV has retested its breakout and this can be a great accumulation zone for this stock. this stock is a good fundamentally strong counter which recently came out of a monthly correction. Accumulate at current levels. Can go 3x-5x in the next 3-4 years.
Campus Active has been continuously going up and looks like a very strong candidate to outperform the market in a very short period of time. Stop loss at 600
Wendt has broken out of its range and being a Murugappa group company, fundamentals are solid in this one. Target will be the recent all time high and stop loss is marked on the chart. Time frame 2-3 weeks.
Bharti Airtel looks very strong on the charts. Keep a stop loss at 750 and I am expecting the price to double in a year or so.
Kotak is also trading at its support level which can be a good swing trading opportunity in this stock. However, any breakdown further can lead to lower levels (which are also marked). Hence, trade with caution.
One can look to add thermax at current levels as it tries to respect its trendline. I still believe that we (Indian Stock Market) will continue to outperform the US markets. Good zone to accumulate/buy. But if the current levels break, then exit; do not take unnecessary risk.
Wipro is one of the large cap IT stocks that has been hammered by the stock market. However, one can see a decent triangle formation and bottom formation going on here. If this formation succeeds, it can be a great accumulation zone for the stock for the medium term. The base of the triangle (marked in the chart) is your stop loss.
Rategain in forming a very very big triangle and is likely to give excellent returns post breakout. The triangle formation is clearly visible in the chart. Trade only on breakout for targets of previous high. Rategain is a big proxy play to the hotel industry and should be kept on radar.
Mahindra Lifespace is at a support level of 510. One can look to accumulate this share at these levels. Looks good for short to medium term.