rdkriplani

rdkriplani

Most largecap IT stocks have been showing strength. They are also among the stocks being most accumulated by domestic mutual funds. Long above 1840 with SL below 1730. This is a short term momentum trade for a Fibo + ATH breakout.

rdkriplani

Among the sectors which has been under performing for the greater partof the last decade. Sun Pharma above 855 could start to catch momentum and continue to move much higher. I would pyramid upwards above 900. SL for the first part of the trade (buy at 855) would be 780. Once the 2nd buy is made SL can be shifted to 855.

rdkriplani

One of the most bullish setups over the last 6-8 months in the largecap space. Stock could have another triangle breakout (looks like a flag too) Long above 2450 with SL below 2330. If it stock continues its momentum it could make a new high.

rdkriplani

A stock which has performed well in 2021 after a decade of non-performance. 2022 could be a continuation of that and this stock could be the best performing stock in the largecap space in 2022. Long above 1920 with a SL below 1825. The first target here could be 2200 and then move higher.

rdkriplani

There is a gap in TCS which could soon start getting filled. Long above 3760 with a SL below 3650.

rdkriplani

As we head into the year end ICICI has been the best performing large pvt bank and could continue its move going ahead. Long above 745 with doubling allocation above 775. SL depends on the kind of trader you are. If your trading for short term gains then the SL will be 720, for a positional trader 700 and for an investor who wants to hold it longer term 675.

rdkriplani

The stock could be a potential takeover target going forward. Its fallen significantly and the worst could be behind it. Technically the stock is neating a support around 965. Could go long in this zone with a SL below 920. There is a positive RSI divergence on the RSI so any bounce could be got into but any fall below 920 only buy If you will surely take the...

rdkriplani

The stock has bounced off the 200EMA. The new variant doesn't seem to have caused much of an issue in India yet and we are heading into the holiday season where revenge travel will surely be a thing. Long at current price with SL below the 200EMA around 196.

rdkriplani

PEL which has shown lots of strength over the past many months is now at a key support level. Channel Bottom+Support line + Fibo Support. Monday will be key for the stock. Watch for it to go either way. Often stocks when at multiple supports tend to bounce but if it breaks down then the move could be brutal. At lower levels this becomes an interesting special...

rdkriplani

With crude having sharply broken down ONGC might not be spared on Monday either. There could be a short term breakdown in the stock. ONGC might be a short below 146 SL above 149/150. Target 133.

rdkriplani

Stock has shown strength in this overall weakness..the stock could continue to show momentum. Long above 520 with stoploss below 490.

rdkriplani

With fertiliser stocks falling all over the world and news that brazil is facing a fertiliser shortage some of these stocks have started bouncing. Watch for this space closely. Technically DF has bounced off a Fibo support + 200EMA. The stock is trying to recover back into strength. I would look to buy this stock in 3 phases..first above 387.50, then above 395...

rdkriplani

Many people have asked me where DN could bottom out..for me ideally i want to see the stock come somewhere between 1990 - 1930 where it has multiple supports (Fibo + 200EMA + previous support/breakout level). Also at those levels the stock will be reverting back to its mean historical PE. Hopefully around there the stock also develops a positive RSI and comes...

rdkriplani

The only reason this stock is so deeply undervalued is its a PSU.otherwise this company trades at super low valuations. The stock trades nowhere next to its replacement costs. The company is also on a very aggressive debt reduction spree. THe stock is at the box bottom and 200EMA, if it bounces from here it becomes a great value + technical buy. RSI also showing...

rdkriplani

Another one of the IT stocks where the valuations are relatively cheap compared to the sector. The promoters and employees also have been buying stock in this company in the recent past. Maybe some big orders or news could be on the way in the next couple months. Technically too the stock has a beautiful setup..Multi year breakout done..retest also done and its...

rdkriplani

During the drop of most mid and smallcaps very few stocks have stood out both from a price point and also from high volumes perspective. BirlaSoft is one such stock from the IT pack which continues to outperform. Long above 505 on a fibo breakout.. Target 580. Keep a SL below 480. Also relative to the sector is still cheaply valued.

rdkriplani

One of the fav stocks of many people before this correction started. The stock has gone on to do a complete breakout retest.. One of the fav setups of most technical analysts. Long at current price with SL below 348. If the markets are weak take a smaller allocation and increase only post the stock crossing 380.

rdkriplani

With real estate peaking and RM prices coming down this stock could start moving again. Technically its at a channel bottom where it has found support in the past.. Long at current market price with SL below 2150 (barely 2% down) Looks like a good risk reward trade if markets are tending positive tomorrow.