RBL BANK has not fallen with Bank Nifty Today. It shows strength maybe because its balance sheet is not as weak.
If Bank Nifty gives a small pullback, RBL should do well.
Go long above 562.5 & a stop loss of 560 and targets of 564.5 & 567.
WHIRLPOOL is showing a breakout in weekly charts.
The short term & medium term trend seem to align.
Expectations of Festive season liftup should push this stock upwards/
Since the stock has high intraday volatility, stops should be initially a little lower at 1168.
Later on we can tighten our stops according to our positions.
Go Long for targets of 1351 &...
MCDHOLDING has been moving sideways since December 2016.
With Highway Liquor bans being lifted in a few states, it looks poised to move up.
Traders/investors should have a mildly positive bias in the coming quarters.
Initially,I expect a fake intraday move to the downside, if it occurs.
This is a contra bet i am suggesting. A Low risk high return trade.
Max Financial has been consolidating since June 2017.
Yesterday it saw a breakout with decent volumes.
Expansion in volatility can drive the stock higher.
Go long with a SL at 601 & look for targets of 643 / 673.
Rest, the chart is self explanatory.
LT showed good strength in the last session of the past week.
The Daily Charts shows a Breakout with good Volume.
The Weekly chart has been in consolidation since April & looks Ripe for a Breakout.
Probably the Medium Term Cycle & Short Term Cycle are aligned this time.
If we get a cummulative effect of addition of these Cycle magnitudes, the stock can check...
Supreme Petro was in a Strong Trend & then it started to correct from 427 levels.
Now that it has build a strong Base at 320 levels or so.
We can enter at CMP of 356, with SL of 335, for targets of 382,406 & retest of 427.
Jubilant foods is showing a contraction in weekly charts, however volume strength suggests that the scrip is being accumulated.
Gradually increase accumulating till it reaches 663 (Use position sizing).
Keep a SL at 642 & look for targets of 752.
VRL Logistics is showing a Breakout in its weekly Charts, & last week it showed strength returning.
Currently ruling at 353, chances are much higher that it may move towards 375/380.
However, before making that move; buy till lower levels of 336 if-at-all it comes down using position sizing.
Keep a SL at 327. Initial Targets are 375/380.
Just Dial is forming a Bullish Divergence in Daily Charts.
Its Downward momentum is steadily loosing pace. It is a Buy candidate, but a smart entry is needed.
Keep it in the Watchlist & wait for the DM+ to indicate its willingness to move above DM-
Buy when bulls show signs of re-entering, possibly near 341 with a 1.5% Stop Loss for Targets towards 412.
Repco Home Finance has moved up & then retraced back heading into a sideways consolidation.
It looks like the Bollinger squeeze had given a classical Head Fake by moving lower & showing a false Breakout to the downside.
However RSI divergence indicates strong support at lower levels, indicating a counter move to the upside.
Go Long for the Targets of 804/832...
PEL has been in a strong uptrend since April 2017.
It started consolidating since 13th June & is now in a Tight Range.
A symmetrical triangle is formed, with Bollinger Bands squeezing.
The Divergence in RSI show a sharp upmove is expected.
However, i think weak hands will be shed before this upmove, so here patience is the key.
GO LONG with a initial Target of...