A stock which has fooled me multiple times. THe govt could fasttrack its disinvestment with many available buyers. Some budget moves today will help it too. There is a golden cross in the moving averages after a long time. The 200WEMA too is around 460 (Worth buying once it crosses that level) So the trade i'd look for is if prices can sustain above 460 for a...
As global markets have corrected our markets have followed along.. Our market leader with the highest weightage is at a key support level. The stock has fallen below its 200EMA (bearish sign) If 1836 breaks then 1798 would be the first target and if that doesnt hold we could be in for a much deeper correction to maybe 1610. If someone is holding in cash below...
One of the fastest growing life insurance players in our country. If as rumoured the govt plans to increase spend on health and health insurance this stock could potentially life off significantly. How i would play this on budget day... As the dow closed deep in the red friday i expect this stock to open down..ideally open around 662 and once it bounces above...
If Bajaj Finance breaks 4700 it breaks a short term support and could loose about 10%. Target 4200. Short below 4675 with a SL at 4840. Bajaj Finance also has a huge negative divergence on the monthly timeframe so i'd overall be cautious on this counter if there is follow thru selling.
One of the darlings of the IPO market from 2020. The stock has often got support at this level, if the stock breaks 2110 it could fall back alot more and maybe even revisit the IPO day price. If you own the stock be cautious of the price movement next week.
Great company with a super business. One of India's premier R&D Institutions in the outsourced pharma space. A break below todays low could take it down to 510/520 short term. This is a company a fancy in the long term so watch this stock to buy on any significant correction.
Post the C&H breakout in december the stock went into consolidation mode. It today broke out of that consolidation with higher than average volumes (3x). Long at CMP with SL below 2100.
RPG Life breaks out with high volumes. Watch for a follow up move.
A recently popularily discussed stock owned by several top fund houses and investors. Its at a key support level. If it bounces the can be got with a SL below todays low. Else wait to see a bounce around either 540 or 490. This stock could do very well in the long run.
One of the very few stocks which in a difficult market got follow thru today. The stock was up with increased volumes as well. UPL had broken its downward sloping trendingline on friday and in a difficult market like today got follow thru buying on even higher volumes. Watch for a further move going forward. Long above 570 with a SL around 545.
Gold just did the perfect breakout retest + 200EMA acted as a support + diagonal support. Additionally there is a long tail doji forming. If the follow up candle is green it could confirm a reversal. Watch this space for those who trade in gold. Would go long only once gold crosses 1860. SL below todays low which is 1800.
Formed a nice short term base + sugar prices have gone up by a lot. Long above 75.75 with a SL below 71. Once price crosses 78 keep cost as SL. Ideally first target is 81.
Among India's oldest paint companies. Capex for this co is complete and then wont need any capex for the near future. The company is managed by an able management which includes part of the team from APL Apollo. Management has set a vision to take the turnover from approx 350cr - 1000cr over the next few years. Current market cap is barely 1%. Technically the...
India VIX is trying to break out of a diagonal trendline resistance along with crossing the 200EMA..if that happens we could be in for high volatility times. Time to be a little cautious esp heading into uncertain times (Biden policy, India Budget). As for me i plan to scale back my trading positions and not buy more into my investment holdings for now. Rather...
Cup and Handle breakout in Kaya. The volumes have spiked massively in this counter. Additionally on the weeklies too it looks good. Long at CMP with a SL below 320.
One of the darlings of the previous bull market and one of the leaders in road construction in India. It typically was known as a company from MP when Shivraj Singh was in power. Its expanded all over India but added trigger is Shivraj Singh is back in power. The volumes today were very good. The stock has a potential C&H breakout. Long only above 425 with a SL...
Previously shared this as a value pick around Rs83. The companies steel plant is progressing well and is now a disinvestment target. Beyond that their core business of iron ore is booming w the steel cycle being strong. They this week increased ore prices again. The stock has just broken out of a long term downward channel. Buy at CMP but the SL is deeper than...
The highest weightage stock in our stock market is on the verge of a breakdown. Needs to bounce immediately for relief. I would be very cautious to short the stock just yet because any stake sale news might move the stock gap up. But short below 1900 with a SL 2% higher (approx at 1935) First target 200EMA and then the medium term support around 1835. The...