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...
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).