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.
With Crude holding up..OMC's are loosing Rs5-7 per liter of fuel retailed. The last time this happened these co's reported losses. short BPCL below 242.90 with a SL above 253. The stock could fall to 306.
With capacities soon to come online expect a wedge breakout. Long above 107.50 with SL below 100. They have undergone massive capex relative to their marketcap which would make the company more efficient.
With diesel prices shooting up along with crude prices GOI could increase procurement of bio-diesel. One of the 2 companies which will greatly benefit from the same is Kotyark. Long above 697 (which is already has tried multiple times to break out off in a weak market but with no success) Keeping a deeper SL coz the markets are weak at the moment.
If our markets must continue to be bullish RIL has to stay above the 200EMA. Bulls will surely try their hardest to defend the 200EMA.. Long on any bounce between 2340/2350 with a 2% SL. (Buy buying the bounce not the first time the stock touches that level)..
With Diesel Cracks increasing back into bull market expect Chennai Petro to be a big beneficiary. The only problem is if govt increases windfall taxes on export ofdiesel. IF this trend continues the company will make a lot of money going ahead. Long at Current prices with SL below 471.