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...
With Usha Martin going great guns and this co also giving sequentially good results the market could reward the co.. Showing good relative strength and if it can break out of the channel it could tend towards and all time high.. Long above 116 with a stoploss below 110. For investors with a longer horizon 104 would be a better stoploss.
The promoters have sold a large chunk of land which led to some major debt reduction. Debt was a major concern here which is not been reduced and promoters are actively trying to reduce it further. Additionally the business of specialty steel esp in Auto is really picking up.. The stock has broke its downward trend and this too could be forming a nice cup and...
The market has been choppy but Nava has been holding its own..The stock has great fundamental triggers and is extremely cheap.. There is a little wedge breeakout above 263 which could see the stock test its 52 week high while forming a C&H pattern.. If that breaks out expect peak momentum here.. Relative strength here has been good considering its been going up...
A loss making company thats been building its business and finally gets some massive news.. Instead of starting their own LNG regasification on a port in Gujarat they took the opportunity and charted their floating terminal to a Turkish company @ $250,000 per day. They own 63% of this business and it makes for a great deal of cash flows for them to go from loss...
With most steel pipe co's starting to do well and welcorp with its brand entering the space along with its original business..expect some good things here.. The stock could break above the 200EMA and also this downward trendline.. Long above 215 with a stoploss below 200.
As per management they should get some large orders over the next couple weeks. (Esp the Chennai order) which could move the price of the stock much much higher. The company is also learnt from the past and is changing its model so that could do well for the company going ahead. If they can keep up to their word this business could start to see good times and a...
With gas prices expected to come down from 1st April when the prices are revised...Ceramic companies will be among the biggest beneficiaries. Gas currently makes up 55-60% of the price of ceramic companies..They increased prices of tiles which were absorbed by the market, they might find no incentive to reduce the prices even when RM prices go down which might...
With gas prices slated to come down from 1st April when the new price calculations come in..Gas supply companies could be beneficiaries. Long above 452 with a stoploss below 427 or if you have a longer term horizon then 415. With the compression happening in the price the stock could make a sharp move ahead.
Long above 430 with a stoploss below 405. This wedge could lead to a strong upmove.
With the stock making higher highs and also crossing back above the 200EMA this should do well for the price. Gas prices might start coming down and the company is in expansion mode. Long above 580 with a stoploss below 550 (200EMA).
With iron ore prices rising again and demand improvement + the company has applied to extract additional capacities this should do well for the company. Long above 1035 with a stoploss below 1000. THere will be a breakout above the AVWAP of the entire downmove which has been the recent resistance.
The most dominant NBFC in India needs to start showing strength for the sector to follow. Long above 2700 with a stoploss below 2625..
Watch for a bounce right here or around 547 which is the 200EMA. Tanker prices have done to the moon over the last one week and continued to go higher today as well.. GE does most of its ship bookings on the spot market so they could benefit from the windfall gains again. I'll go long when it bounces. Ideally if it bounces of the 200EMA that would be the...
Not too much to share here..with issues with auditors and multiple auditors resigning.. Its better to avoid this company until things get resolved. Close to a breakdown level.