I do not know too much about this co fundamentally but one thing stands out..They cleared the USFDA audit without an observations which is a great thing for the co. The co is at a channel bottom.. There is a convergene of the moving averages on the weekly and monthly which could signify a sharp move is due ahead. There were volumes on the daily this past week...
Its a popular stock on social media but this pattern doesnt look good in the short term.. At a key support level (already below the 200WEMA which is bearish). If it does break further below it could go to 270/275. Edit: Around those levels it would be an interesting stock to explore buying since their update on sales has increased.
With a great result and good guidance compared to larger peers..expect a good move.. Long above 1106 for a quick wedge breakout trade...stoploss below 1060.
A stock which has been showing good strength in an otherwise yo-yo market. The management is super bullish as their expansion just completed in peak season. They are guiding of 1000cr+ turnover for the new year which is a large jump vs the previous FY. IF the stock pulls back to 161/162 and bounces from there it'd make for an interesting buy with a stoploss below 150.
With tanker prices higher than the average...the company cash flows are going to be much higher.. They are locking in some vessels at double last years rates.. Long above 668 with stoploss below 620. There will be a range breakout..
With the bank giving an excellent quarterly update, the market could chase this stock. There could be a wedge breakout tomm. Long above 72 with a stoploss 5% below purchase price.
Company is in a high margin/high entry barrier business..they have a very aggressive capex plan going on. The stock has been taking resistance at AVWAP. It would give a fresh buy signal once it crosses 3250/3285. The price is also trying to break the downward trend..there is a new higher low..we need it to make a new higher high which would help here.
A company i know very little about fundamentally but technically as a fresh listing its setting up beautifully. Long above 310/315 and it could form a hockey stick pattern. As the stock moves sharply the stoploss here will be deep around 285 so allocation smaller accordingly.
With most financials declaring good quarterly updates..expect AB Cap to continue with its next leg upwards. If you don't already own it..long above 162 (breakout)
I respect Mr. Madhu Kela highly for his performance since Reliance Mutual Fund days..he still commands the respect of several ulta HNI's who also happen to be market veterans. Often they hunt in packs. The last such pick was Canara Bank.. Now it seems like Manappuram has caught their fancy so this is purel a trade based off that.. Also the setup is...
Although the co produces copper concentrate...the co does have a direct coorelation with copper prices.. With copper prices going strong expect a strong reversal. The co is at the 200WEMA and a bounce here could mean the stock starts a new upswing. Long at current market price with stoploss below 93.00.
One of the few stocks which didn't fall much during the correction and now breaks out of a channel. Consistently good results.. Long at current price with stoploss below todays low (110).
NBFC's are in an upcycle and this co is growing at 30-40% as things stand. The stock price is at a channel bottom so could rebound from here. Long if it bounces tomorrow with a stoploss below 1150 for short term and if your investing then around 1090 is a breakout retest..look for a bounce there to really load up on the stock..and if it breaks below take the SL...
Usually not a good sign for stock markets in general if crude oil prices cool off..it often means growth is cooling off..esp at a time when OPEC is shrinking production. Watch for this to be a lead indicator for global slowdown. There could soon be news that the US starts building up the strategic reserves which they used when crude was above $120. If on this...
With the promoter constantly buying the stock, few regulatory approvals coming in and the stock being cheap valuations wise. This stock might make for an interesting buy. Long at somewhere between current price and 310. If it can bounce from right here the 200EMA will be protected. Stoploss below 300. If the trade does play out in our favour then we can add...
With the bottom of the NBFC cycle behind us and many of these stocks growing at a fast pace, we could see quality names with strong parent co's do well. L&T Finance is one such co. Long at current price (85.50) with a stoploss below 83.50 (slightly below the 200EMA) I like the NBFC space in general with the worst behind them, the books are clean and leading is...
Phthalic Anhydride where IGPL is the market leader prices have shot up from 90's to 120 in the last week. The stock hasnt moved in the right direction yet..but the price is close to the channel bottom. Ideally i'd like to see the stock make a double bottom around 400 with a triple positive RSI divergence before the upmove to confirm the bottom and maybe even show...
An interesting new IPO listing..one of the few recent IPO's that did well...additionally one of the few chemical co's which survived the carnage.. An interesting co as a market leader in Bromine and Industrial salts..one of the lowest cost produces but also one which is relative more green while producing than competition. Good forward outlook + expansion after...