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.
Its the time of the PSU's. With reforms in the sector like a bad bank +IBC most PSU's are recovering a lot of money. Have been bullish and shared this co since 150's.. Long at CMP..the stock has had a nice breakout after a VCP.. As i think this is a company worth holding for many years going forward SL of 147. PSU banks trade at half their book value which is...
After almost 2.5 months of consolidation and failing to breakout multiple times PIX will try to breakout again this week. Will look to enter this in 2 phases.. Long above 850 and then again above 905. Coz the first entry SL will be slightly deep to give it a chance to perform will keep the allocation small (4-5%) SL 760.
With Natural Gas prices moving up and India revising Gas prices from 1st Oct this stock could rerate itself.. Long at CMP with SL below Todays low (153.50) If your leveraged then the SL would be 157.50 The stock is breaking out of a triangle.
With Auto stocks beginning to move, Auto Ancillary stocks could move too.. Amara Raja just crossed over the 200WEMA and could soon cross the 200EMA as well.. The price is about to break a downward channel Long above 770 with a SL below 750. Today beyond crossing the key moving average the stock also formed a higher high at 743. Risk: Lead prices have been...
One of the few stocks which have not shown strength in this bull market. Its in a current hot sector ( Natural Gas ) Over the past month for the first time in a v v long time promoter has been buying non-stop over the past 1 month and has pumped in 35cr into buying more stock. There is also a positive divergence on the daily RSI and support around the 200WEMA....
One of the new IPO's in recent times which didn't list strongly. But with the recent change in market conditions things seem to have changed. Chemplast is one of the biggest domestic PVC Resin suppliers. Resin prices have moved up significantly from 1350 - 1850.. Chemplast could be one of the biggest beneficiaries of the same. Above 616 it could form a potential...
After 90 days in ASM 4 the stock barely had any volumes and has consolidated for the entire 90 days and is now has finally shifted from ASM 4 -> 3. The stock could finally start moving now like many of the other fertiliser stocks have been moving. Long above 440 with a SL below 415. There is a consolidation of moving averages which could signal a big move is...
Coal India has broken out into a new 52 week high and then retested the same today. Coal prices hace soared all over the world and many companies have no option but to stock up for the winter months now. Long at 165 with SL below 159. First target 179.
Potential channel breakout because Propylene Oxide prices have gone up 7-8% in the last couple days due to shutdowns in China. There could be a channel breakout above 108.50. Long above 108.50 With a 3-5% SL.
One of the few stocks with many tail winds. Produce both Caustic Soda + PVR Resins. Could see some tailwinds in the next coming week. If it breaks the box at 44.50 make a small entry and then above 45.50 double up. SL 7% below the buy price.
After a time wise correction in the stock it seems to be rebounding again at the bottom of the long term channel. The stock broke out of a wedge and could show strength going forward. Valuations wise compared to its peers with a similar margin profile this stock is relatively cheaper. Long at CMP for a new high. SL below 1775.
Chemicals are one of the strongest sectors. Paushak has a very unique business which isnt easy to replicate becuase of the environmental concerns. There is a convergence of the moving averages (often signifies a breakout) + downward trendline breakout. Long at CMP with SL below 8350.
After a very long time ONGC is about to break the downward trendline..Crude prices are up, Gas prices are supposed to incease from 1st Oct and this could be a major trigger for ONGC. ONGC in the last 1 month has finally broken above the 200 day moving average on the weekly and monthly timeframes too. It brokedown below in July 2021. ONGC will also finally make...
With news that Sydney airport selling at very high valuations, GMR could have a rub on effect. The stock has had a multiyear breakout and could catch some bigtime momentum. Long at CMP (smaller allocation close to 3-4% of your portfolio) with a 20% SL Hold as a long term investment.
Fundamentally strong stock, great order book and could grow even more going forward. Technically the stock is forming a high tight flag. Long above 1830 (5%) and then again above 1950 (5%). SL Below 1680.
Post consolidation today Syngene seems to have broken out. Super stock to own. Long at CMP or at a retest of 650. First target 735. SL of 5%. I'd buy in 2 parts..one at CMP/Retest and once more above 700...