With the demerger of the steel facility will come a special opportunity. Buying this at current price and IDeally would 125 would give some serious value. Technically the stock is at a support and has a huge RSI positive divergence. IF the stock bounces from here or lower its a buy with doubling allocation above 150 levels. No SL on this play coz its a value...
They are negotiating with the govt for kids vaccines (non-needle based) and could strike a deal anytime soon.. The stock is trying to find a bottom around here.. There is a nice little positive triple divergence developing here.. Stock allows for a low risk entry at current price with a 2-3% SL (can even keep it as tight as 485)
The stock has come into its key support levels or could further move towards its 200EMA. (3200) Watch with caution and don't rush into entering it..if the stock is going to bounce wait for it to base properly. If you own it..if it falls below 3200 do not hold it coz then the cut will be much much sharper.
With Covid Open and the younger generation wanting to spend more on experiences than tangible goods this becomes a play for domestic travellers. The breakout could come as early as tomorrow with a buy above 263. SL for this could be below 250... The stock is showing high relative strength and could breakout with high volumes soom. The holiday season is upon us...
Another PSU bank which had good numbers and is among the cheapest available in the market by PE and P/B. The stock had a VCP breakout and then did a retest.. This stock too has crosses above its 200WEMA and AVWAP of its entire fall from the top.. Long at CMP (50% on desired allocation) and balance 50% above Rs.200. As it is an invesment bew..SL below 160.
After Canara Bank the other bank PSU banks are also showing strength. Bank of India had one of its best quarters in many years.. and the stock could now be breaking out of a downward channel. The stock has already crossed above its 200EMA and also AVWAP of this entire fall.. As long as the stock stays above 59 its a solid medium term investment. (Deep SL coz...
Having previously shared this trade in Sept around Rs 150 now the India Unlock is well and truly on.. The stock has already moved in that direction and now could catch momentum again. Long Above 225 with a 5% SL. Not exactly a HTF (High tight flag) but its still super bullish if it can break above 225 in thevery near future.
With Goa hotels already full and no sign of slowdown the casino's in goa should see high volumes over the next 3-6 months. The stock is attempting to breakout with high volumes and showing high relative strength compared to the market. Long at CMP with with SL below 280.
With the holiday and wedding season upon us and international travel still not fully open expect Indian hospitality to have a bumper time.. EIH long at CMP with SL below 140.
With India slowly switching from Marine Play to MDF it seems like 2 players who will really benefit are GreenPanel and Rushil Decor. GreenPanel just gave a super result but its locked in an upper circuit. Rushil is finally showing signs of breaking out of its downward trend and if it can get follow thru it will be a stock worth looking into. Long at current...
The stock has the support of the 50EMA and is also at a channel bottom. Very interesting low risk trade available Long at CMP with SL below 253. Once it breaks 280 the stock could head for a new high.
After a not so good result where they couldn't pass on RM price hikes while mentioning the high acetic prices were still to hit them caused the stock to tank. Watch or a potential landing zone around 660 (small support) or 610 a much bigger and more logical support. If the stock bounces around 610 it might make for a good option to start picking on the stock...
With all kinds of strength in Aluminium Hindalco will be one of the prime beneficiaries. There could be follow thru in this counter esp after seeing the commodity move over the weekend in the US markets. Long at CMP.. SL 471. Target 600.
One of the few stocks where a key management person got stock on the last day before insiders couldnt buy at the end of the quarter. She invested over 2cr into her own company. The stock is on the verge of a breakout. Long above 632 with a SL below 580.. I wont be surprised if the stock has a good Q3 result with maybe some new large clients added.
With Balaji Amines shutting down the DMF plant for 2-3 weeks Alkyl could become the sole supplier in the market at higher than normal rates. Long above 4125 SL 3950.
One of the best performing NBFC stocks in the recent run seems to be breaking into a new high. There is a Darvas box breakout today with increasing volumes. Long at CMP. SL below 2800. Look for the stock to attempt to reach its ATH levels of 3200.
If the stock follows thru tomorrow..there will be a pennant breakout after very long..a few months ago many people were bullish on this stock.. Long above 2060 and then again above 2090 where it will gain more strength. SL below 1940.
With Alumina prices having shot up over the last week from 380 -> 465 and a few manufacturing facilities shutting down until the year end this bodes very well for Nalco. Technically the stock has a descending triangle breakout if it follows thru tomorrow. Long above 96.50. SL 91.50. Ideally looking for it to reach 112 and then 120.