In times of uncertainty and volatility coupled with high inflation.. Gold could be among the best performer of the year if equity remains volatile. Would make sense to add gold at 5-10% of your investment portfolio. The price has broken out of a downward triangle. if it can follow thru it could do v v well. Long at current price. Stoploss below 1750.
The stock has been nicely consolidating and potentially forming a nice base to move higher from. Long above 325. SL 5% below purchase price.
With expansion on the horizon Fairchem could break out above 2125. The stock has shown relative strength while the market has corrected also. Watch for the breakout in the world and more momentum above 2160. SL 1990.
With global coal prices skyrocketing again, demand will be at an all time high among importers for domestic coal. Prices during the coal auctions will lead to windfall profits for coal India. Long above 164/165. SL 158. If the stock can cross 165 it can skyrocket.
With Iron ore and Coal prices sky rocketing...Pellet prices should rise as well. All rises in pellet prices will bode well for pellet maufacturers. Long above 333. SL below 320.
Good result, the stock has good news. The stock had broken out, retested and now is moving back up again. Long at current price. stoploss below 1680.
All bad news has now been accounted for. No tax hikes this budget for their products. The stock has recently crossed above both the 200EMA and 200WEMA. Once the stock can cross above the AVWAP of 230 this stock could start showing bullishness. Above 245 the stock would break below the downward sloping trendline too. Trade: 50% long above 230 (Stoploss 218, a...
Another Cinema stock which would benefit from the unlock and announcements of release of bigticket movies. Long above 420 (Stoploss 390) and then double above 440 (Stoploss 420). Above 460 the stock forms a nice cup and handle setup.
With Covid easing again and fresh movie release dates being announced for Feb/March. There has been a nice little consolidation after moving up from the support levels in Jan. Long above 1615 for a target of 1800. Stoploss 1550.
A potential bottoming out candidate. Its key raw material (Acetic Acid) prices have fallen bigtime. The stock has bounced off a previous support level. At the support level the stock also has formed a positive triple divergence. There is a nice doji on the monthly candle as well. The stock is on the verge of crossing over the 200EMA which is a bullish signal....
Another PSU stock which has had a super Jan. Most of the resistances are now out of the way. Long above 108 would lead to momentum continuation and would also be a breakout. SL below 100.
almost a 3.5 month consolidation could be broken out off. Long above 530. SL below 499. Budget could also have plenty of SOPs for EV segment and Tata with the Nixon has a tremendous first mover advantage.
Maruti had its highest close in almost 2.5 years..Breaking out of a consolidation in Jan 2022. If the breakout can hold the stock could move back towards 10,000. With the semiconductor problems easing the auto sector could now start looking good again.. Long above 8820. Stoploss below 8200. These are investment kind of stocks so SL's wil be much lower.
With most banks producing good results.SBI could produce a super result too.. Long above 543. Keep a stoploss below 520. If there is a results day pop that too could be sold into strength. Play this for momentum for now considering the markets are volatile. Note: SBIN was one of the best performing stocks of Jan 2022. Closed at the months high vs correction...
The final move to break into a complete positive trend. Canara Bank above 256 could break the 200MEMA + downward sloping trendline resistance which has been there since 2010. Above that the stock could go to 300/305 quickly. I believe the entire PSU bank space is due a rerating because of low valuations + profit increases from lower than previous provisions +...
Index performances for the month of Jan 2022. PSU Banks continue to do well with results now supporting that performance. Many auto stocks are looking good too and with news of semiconductor supply easing thats good news for them. Energy continues to outperform with crude helping. Power stocks are looking to the budget for a major boost. On the flipside IT has...
WIth most states now easing out on Omicron related restrictions and unlocking again this co could again catch momentum. The stock could breakout of a slightly downward sloping triangle and breakout soon. Long above 212 with a 5% stop loss. ps: Wait for results before maximising allocation, could cause a dip in stock price like happening this quarter with results.
This is the 2nd quarter where Deepak Nitrite has gapped down post a result. Last time it took the market almost 2 months to close that gap again... As someone that likes upwards price gaps I feel it necessary to be cautious about downward gaps too.. If the stock falls below the 200EMA it could easily go down to 1980 and then even below before it finally recovers...