IF the metals trend is to continue SAIL would benefit from it tremendously. Long above 142. (50% quantity) SL 133 Target 151 If it breaks out from there we double down out position and wait for a much larger breakout.
With strong sector tailwinds with problems to Vodafone. Bharti could become the top premium go to mobile operator taking away a lot of Vodafones premium postpaid clients.. With an increase in ARPU's the profitability can now keep going upwards. Long above CMP. SIP into this stock slowly over the next 12-18 months..this sector will now see tons of tailwinds..
One of the fav capital goods stocks because of the Ethanol story where they have a HUGE order book. Praj might have completed its consolidation and could be ready for the next move.. The only problem is ASM which has killed volumes. Long at CMP with SL below 370.
After breaking out of a long term pattern..the stock went into a consolidation and now is at a key support level between here and 985. IF the stock doesn't bounce it could fall a lot more since the last couple results have not been good.. Ideally i'd love for that to happen so I could add the stock for cheap...I'd love to see 750 here atleast... So if you own...
One of the highest margin API producers in our country who deals with innovator API's is breakout out. After a long drawn out consolidation, the stock could be gaining strength again. Ideally i'd like to add it around 500. Or above 544. If added at 500 it gives a good SL around 478.
With all the steel news coming inc PLI SAIL will now be a hard to ignore stock. One of the few PSU's where anybody short could get hurt very badly and most shorts will now look to cover their positions. Fundamentally the stock is barely trading at book value. With these windfall profits its modernisation plan + debt reduction will progress smoothly while still...
The stock has been consolidating after an upmove and taking support around the golden ratio. With china announcing cuts in production in H2 for steel, global supply will come down which in turn should sustain these high prices. In that case some indian steel stocks like JSPL, SAIL and Tata Steel Long Products are trading at extremely cheap valuations while...
With Tin prices up closet o 60%++ since the beginning of the year. Tinplate is only about about 34%. With a good result and no sign of cooling down of this metal thus far, Tinplace could play catchup. Long at CMP with a stop below 235. Expect a good move going forward as long as the underelying metal price doesn't correct. First target 262 and if it can break...
With the support of the cowin app and winning many more such orders this stock could see good times ahead. Long above 1000. (Esp if it opens around 1000 tomm then its a for sure buy) SL below 970. Target: As its an extremely bullish market ATH.
Below 1720 if the selloff continues first target would be 1550.
Since the past 4-5 weeks DCAL has been consolidating around breakout zone. Long above 217 and 222 for a target of 250. SL below 210
The stock already made an ATH breakout and now is in momentum. Its underlying commodity iron ore prices holding firm and even rising. The bigger trigger would be if they get environment approval for expansion of their mining operations. Technically a wedge pop could happen as early as tomorrow (Monday) Long above 2118. SL Below 2090. (or ideally 5-7% lower...
One of the few stocks and the infra sector showed a lot of strength this past week. We can expect some continuation since this is a sector which didnt perform for most of the rally. C&H breakout plus the stock has already broken out. I have said in the past as this company matures it will become like a Tata Sons where they will get high dividends from its IT...
Its the startup season (thank you zomato) and this stock is linked heavily to start ups.. Long above marked price at 99 SL below 98. I would be keen to pyramid too above 107 once it breaks into an ATH. With markets being a little volatile it might be better to slowly scale the position.
After a good move and also positive guidances by the management, this stock could be due to move up further. They are now getting approvals from the USFDA for more injectables which is a positive sign too. 3 year C&H breakout. followed by a retest. Long above 700 with a SL below 675. Open target because of the C&H formation.
One of the last left PSU's which might get disinvested in FY22 after Concor was pushed forward. Multiple supports at CMP.. 1) LT Trendline support 2) Fibo Support 3) 20WEMA Support Often stocks take support at spaces where there are multiple supports.. SO watch for a potential bounce here. There is also a high dividend whose date still has to be...
Another wedge breakout candidate which produced a good result recently. Long above 725/730. SL 5% below purchase price. Target 800++
A wedge breakout after almost 5 weeks of consolidation. 7% of the stock is held by HDFC AMC. Long at CMP Target New highs. (We need follow thru Monday) Keeping stop close around 930.