One of those stocks worth taking a punt on with the company expecting to go back to double digit margins by the year end. If that happens the stock could start moving upwards again Long at CMP with 33% allocation and double up above 105 and finally reload again after 115. SL 95 which keeps the risk low coz the upfront allocation only 33%.
With Jindal Saw and Venus Pipes both reporting strong numbers esp in the seamless space.. We can expect Maha Seamless to see some tailwinds too.. Long above 690 with a SL below 645. The stock could make a new high and continue with momentum.
An interesting trade if the markets decide to cool off. With several large world economies selling treasuries..they could be shifting to physical gold.. This might make at first an interesting short term trade to 52.45..an if that breaks out then go much higher... Might be a great contra market trade if and when the markets correct atleast while gold is ripping higher.
A stock that has strangely been moving more when the market is weak..on MASSIVE volumes. The current scenerio could lead to a pullback. If it bounces from somewhere around 287ish it'd make for a good buy...esp seeing the large volumes. Take a 50% allocation with a 7-10% SL.
One of the stocks that was in the news and since pulled back and could be ready for a new breakout.. If the stock follows this channel the time based correction is over too and it could start the move up from the channel bottom. Long above 160 with a much higher target. There has been a lot of resistance in teh 156-158 zone and once that supply gets taken out the...
One of the few stocks which was weak even over the last couple days when our markets went up. Short below 1150 with SL above 1165. (Short term breakdown)
Along with all the other IT Co's.. Tech M could fall too. Short below 1185 with a SL above 1200. I believe the IT sector could have a short term fall in general.
The entire IT sector will face the blowback of the Infy fall. Short below 1215 with a SL above 1230. Short term breakdown in place.
If INFY opens gapdown at 1425 there is a chance the stock moves down at further. The ADR's are down significantly. SL for the trade would be above 1435. Keeping it close and simple here. It'll be a short term breakdown too.
With the management guiding for good growth ahead and Vijay Kedia talking well and increasing stake in the co it shows the confidence of the marquee investor. Lon above 640 where it'd have a multi-year breakout and finally above 680 an all time high breakout. The produce seems to be gaining traction coz the sales numbers are increasing. Stoploss below 600.
With GRM's at a multi year low and export taxes..expect headwinds in the company. Short below 2338 with SL abovee 2350.
One of the few stocks which has had USFDA issues but eventually took it into its stride.. They focused more on the domestic market and now have a strong local franchise. Long above 960 with a stoploss below 930. The stock could breakout and move vertically.
With news o new malls and managing to sell out lakhs of sq.ft. within 24 hours..the stock seems to have all kinds of strength. Long at Current price with target of 616. There has been a short term breakout today.. If it can follow thru it'll go to the next fibo resistance. Stoploss below 340.
With the management talking about weak demand in Sept the expectation is of a weak quarter. Add to that markets are not lighting it up so weakness all around. Short below 2080 with SL above 2100. Will be a breakdown of the most recent support.
One of the strongest stocks in an otherwise weak market The stock is moving with higher than usual volumes and could now breakout. Long above 590 with a SL below 540. The markets are volatile so lower allocations are a must currently. This ATH breakout could take the stock much higher after a nice little consolidation.
One of the few stocks thats showing strength in this down market as well. The promoter is a non-stop buyer from the open market and the company has raised growwth capital and is targeting key markets like UP & Maharashtra. Long above 366. SL below 340. There will be a Darvas box breakout above this level.
A stock thats been looking strong even in a weak market. Long above 355 with a SL below 340. There is a triangle breakout here and maybe the company is on the block too.
With the previous idea of BPCl..HPCL too could be shorted right here which is relatively low risk with a SL above above 260. Gives a low risk reward and can be pyramided downwards if it breaks 247 where there will be a short term breakdown.