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.
With crude prices popping further and stock markets correcting this co could provide the opportunity. Long around 155/153 with a 5% SL or 146 with a 5% SL...depending on where the stock reverses. There could be an RSI positive divergence which is a good thing. Look for a reversal to first come in this sector... (While focusing on stocks which don't attract...
A stock which is showing strength becuase its cheap but also a movie it produced with Rajnikanth did exceedingly well. Also as we tend to enter election cycles...Newspaper/Media stocks tend to gain extra revenues. Long above 622 with a SL below 600. (Wedge breakout)
A stock i've traded multiple times with good success. Because of this market pullback its giving another opportunity before its next bullish move. Ideally i'd like to buy it around 215 and then again above 226 in 2 trenches with a SL below 205 and then 220. The bounce around 215 would mean a pivot towards the 10EMA and then a wedge breakout above 226.. (The...
An interesting co which went up and now pivoted...could be due its next move up.. Long above 996 with a SL below 960. I'd allocate 50% and then double it up above 1120. (At this point keep SL at cost which would be close to 1060)
One of the few companies which has been consciously staying below the tax bracket for windfall taxes on crude... Long above 176 with a SL below 170. Post the last result the stock fell...so better to wait for the stock to cross back above the 200EMA before taking a position.
One of those stocks which hasn't moved a lot yet in the chemical pack.. Long above 1050 with a stoploss below 990 for conservative traders and 1040 for aggressive traders. Under the right environment this stock could give a great risk to return.
With us entering an election cycle and crude prices rising..the govt won't increase prices of Petrol/Diesel which would spark inflation. IF prices are held constant..OMC's will start making a loss. (Esp if the govt doesn't reduce taxes on fuels) Short below 350 with a SL above 355. There will be a trendline breakdown but also the stock will fail to move above...
The winners of the Reliance Naval sweepstake.. They failed to make the payment on time and asked for an extension. That extension expires on 6th Sept. If they are going to take over they immediately get world class shipbuilding experience + infrastructure. If they fail the stock could collapse again and maybe ADAG then gets to bid to keep its asset.. (Its...
Above 2200 there will be a triangle breakout.. Long above 2265 with Stoplsos below 2000. (200EMA)..
A company was chosen to buy Reliance Naval but asked for extensions. They recd a deadline which ends 6th Sept 2023. If they can take over the asset and grow it they might have a super upside coz its been told that Reliance Naval is an excellent asset. Despite the massive upside already in the past month post a super result the stock could see a massive...
With Mr. Ambani reaffirming his commitment towards 100GW Renewable Energy by 2030...This stock could see new tailwinds. If they can get a a large chunk of the orders..there is no looking back for the co from now until 2030... While most people buy small assets to increase depreciation..Mr. Ambani decides to build India's largest electric network which will turn...
A stock which gave a fantastic result and with several CEO's talking about the potential of Bihar and its improving spending power..this co could do wonders going ahead.. With Diwali coming + cricket world cup..you could see an improvement in sales for the co.. Long above 2375 for a wedge breakout with SL below 2230.
A stock with all kinds of tailwinds might break the box upwards. Long above 61.20 with a SL below 58.
A stock thats taken support at the 200WEMA & 50MEMA multiple times. There is a beautiful RSI triple divergence on the weekly chart. The stock will breakout above the downward trendline. Long above 335 with a SL below 310.. IF you have a longer horizon then below 280.. (With this deep a SL the allocation can't be more than 5% of capital to start with and then...
The stock has a great support level between 2480 and 2455. If that level breaks..the stock could fall upto 2320. Would keep a 2% stoploss above the key breakdown level. If RIL & HDFC Bank fall..its going to make the Nifty break the 50EMA..at this point small & midcaps will start showing greater weakness than they have until now.
Where HDFC Bank & RIL goes..there the market will go.. The company hsa been super weak with absolute poor relative strength. Short below 1575 with SL above 1620. 1540 is a support and if that breaks it could be a waterfall. There is still a gap upto 1525 which still needs to be filled.
A stock thats been showing good relative strength these past couple days. Long above 194 with a SL below 180. The stock could have a nice breakout after consolidating in this zone.