rdkriplani

rdkriplani

Another pharma stock which has fallen below its 200EMA and needs to bounce tomorrow else it could fall till atleast 284. There are rumours in the market of the promoter wanting to sell the company at a billion $ valuation and around 284 would be that price. Caution if you already own it..Again because of the rumour it wouldnt to wise to short it but to look to...

rdkriplani

Below 1480 the stock can be shorted with a 3% SL. (~1420) The key will be tomorrow if the stock can sustain within the box or breakdown. Keep on watchlist for a potential short trade. If our markets continue to remain weak and HDFC Bank leads on the way down it could fall till 1340.

rdkriplani

Short term breakdown in the stock from a key support level..If it doesnt bounce tomm the next potential opportunity is the 200EMA..Below that it could go closer to 3000. I wouldnt short this stock but if i owned it, id start to be catious of a breakdown below the Red Line (where i'd surely sell it)

rdkriplani

One of the very few stocks which broke out on a day where markets fell badly.. Vidhi rose with very high volumes and showed high relative strength. Long if the stock opens and stays above 160 tomorrow morning. SL 152.

rdkriplani

Had in the past shared that the stock was weak and would gravitate towards the 200EMA which is the Red Line. The stock is now very close to that line and would make for a good risk/reward buy esp if it bounces. Long on any bounce with a SL below 510 for short term traders and 490 for positional traders. Fundamentally a great company which will keep growing from...

rdkriplani

With freight rates around the world being up along with crude prices being up..this company has a lot of tailwinds.. The stock has broken out of its downward trend and now is making higher highs and higher lows. The stock will have a fresh breakout above 340. As markets are volatile we'd start with a smaller buy around 345 SL 330 and if the stock continues to...

rdkriplani

Long at CMP... SL 1580 for short term traders and 1540 for positional buyers..

rdkriplani

Stock has been inside the box for about 45-50 days. The promoter too has been buying the stock which makes things interesting IF tomm the stock trades above 1300 it could move up sharply towards 1400 and then a new ATH. Long above 1300 SL 3% below ~ 1260. Disc: I already have a position in this stock

rdkriplani

One of the few stocks that stood out strong today and also having strong fundamentals. This stock seems covid proof as more people start to trade more this company has the potential to make money. The stock recovered all its losses from the market moving down today and even attempted to breakout. The next attractive buy level here would be 609. SL 583 with...

rdkriplani

The stock seems to have formed a new base and broken out with high volumes. The underlying commodity price has gone up and the stock now seems to be following that move Had already shared 2 buys today at 153.50 and 160. The next entry will be above the marked price of 163.50. Can go thru the chart in the related idea links to see previously shared chart.

rdkriplani

HAD POSTED THIS CHART IDEA YEST BUT IT DID NOT POST SO RE-SHARING IT AGAIN The stock went thru IBC and was taken over by the Tata Group. Market leader in auto grade steel. (Previously known as Bhushan Steel) Its a proxy way to play high steel prices + revival of the auto sector as well. The stock has crossed the 200WEMA after breaking out and is potentially...

rdkriplani

HAD POSTED THIS CHART IDEA YEST BUT IT DID NOT POST SO RE-SHARING IT AGAIN Steel stock that is trying to reverse..It was a darling of the previous bull run where several marquee investors like Madhu Kela also invested in the co.. (Disc: I used to own it as well then) The stock is also trying to cross the 200WEMA (Similar to Bhushan Steel)...Would trade this...

rdkriplani

Among the best performing stocks for 2020 in the pharma space and hands down the best performing stock in Animal pharma. The stock is at multiple short term supports. 50EMA and also descending triangle support. If the stock breaks down it could head to 200. Watch for a bounce tomorrow, if it doesnt happen then it might be better to book atleast some profits in...

rdkriplani

With crude moving up HOEC should do very well. Long at CMP with SL below 100. Open target.

rdkriplani

Stock has bounced from a channel bottom. On the weeklies its taken support on the 50WEMA. On the daily charts there is a triple RSI +ive divergence + bounced off the 200EMA. Long above 2460. SL 2320

rdkriplani

H&S chart on the daily charts..If it breaks in the next day or 2 it could hurt our markets too. This was the index which was leading American markets over the last couple years with the FAANG stocks + Microsoft + Tesla. Watch this space closely to dictate the direction of global markets. So far the Dow Jones is holding its own and out performing the Nasdaq but...

rdkriplani

With govt announcing new incentives for co's to produce more ethanol for fuel blending this capital goods player could benefit in a big way. With markets correcting we could hope to get this around 146, but if the momentum continues then we buy the same above 170. It could be a 12 year ++ breakout which could lead to a sharp move upwards to a new ATH. Track...

rdkriplani

A comparison of how the entire sector has performed since 1st April 2020. The sector like many other stocks almost bottomed towards the end of march 2020. Strangely enough most people and chatter has always focused around 3 major names..Balrampur Chini, Dhampur & Dwarkesh but none of those feature in the top 3 performers for the current financial year. WIth...