With news of bird flu spreading in the country venky's will be the most affected stock. Its close to a channel breakdown. Below 1557 with ta first target at 1510 followed by 1460. If it breaks 1460 it could go much lower. If you own the stock be careful going ahead below 1510.
Concor has been in the news because of disinvestment by the govt. I expect this one to be among the fastest disinvestments. Technically the stock has broken out of a range where it has had multiple failures in the recent past. Also its crossed its 200EMA yest and took support at the same. Long at CMP with a SL below 410. First target 461 which is the...
Among the lowest valued highly profitable high cash generating IT companies. A lot of its metrics except trailing growth match Infosys but its PE valuation is much much lower than Infy. Long at CMP with a pyramiding 2nd buy above 3400. SL Below 3175. Technically the stock has had a short term breakout with a much larger breakout above 3400. It has also last...
Long above 102.50 with a stoploss below 97.5. Stock had broken out (86) a few weeks ago and retested the breakout post that.
The stock has broken out with high daily volumes. Long at CMP with SL below 120. Next week this could be a potentially sharp moving stock.
Why this is important? A lot of India's top companies have export as a major component of their earnings . As the rupee keeps getting stronger they become less competitive in export markets. A strong rupee hits the earnings of some of our high weightage stocks. Why is the rupee becoming stronger? It isn't as much about the rupee becoming stronger but the $...
Not exactly a C&H breakout but a breakout after much consolidation. (Since Aug 2020). Volumes have again never been this high during the entire consolidation period. Long at CMP with a Stop below 170 for short term traders. Positional traders can keep a stop below the 20EMA closer to 161. Disc: Added a position in this stock today towards closing.
Volumes picking up, breaking out of a one month consolidation. Long above 1240 with a SL below 1175.
CESC ventures which is the holding company of multiple RPG Group companies broke out today. Mainly on the backing of the move in FSL. The breakout has been w high volumes which could signify the further move up in the stock. Watch for this stock to buy on any dip with a first target of 385.
A short term breakdown is due in Indigo with global travel again potentially closing. Short below 1500 (only once it goes below) could lead to a deeper correction. SL will be 1525.
A couple days back i shared the charts for Tata Power & Adani power which broke out. Also i mentioned RJ casually talking about the power reform bill being on the ministers desk for signature. This sector has been crying out for reforms in over a decade or longer. The power index after 10 long years could be breaking out and potentially trying to soon form a...
Visaka has broken out with extremely high volumes above 384. A long trade can be initiated here. First target would be 448 and SL of 380.
Vaccine news is at a peak and vial makers are trending v high. Borosil has increased its production in the pharma glass segment and could breakout above the marked price. (167.50) Can see this stock catching momentum and keep going up. SL below 160.
Tata Power is a company on the turnaround. They are actively looking to reduce debt by selling non-core assets and reach a resolution for their mundra power plant with 5 states after which they will have all strong assets on their books. The stock has an inverted head and shoulder pattern. The stock price has moved above its 200EMA and 200WEMA over the last...
Power sector in general is starting to look good, Jhunjhunwala in a recent interview on diwali said that a power reforms bill was awaiting approval from the ministry. A strong power reform bill could be a historical tirgger for India. We have been awaiting such a bill since 2010. Adani Power is on the verge of breaking out. Its crossed its 200EMA and is closing...
Copper is currently trading at multi year highs. But Hindustan copper hasnt moved up even close to the kind of move made in Hindustan Copper. (Copper price is the yellow line, Hind Copper is the bars) Expect a move going ahead in Hindustan Copper to match the move in copper. Hind Copper has broken out of a downward trendline. Could next be heading towards...
With testing having started for the Sputnik V and high expectations from the already sucessful testing in Russia, Dr Reddy could become a global supplier for the product post its trails. This is a company with very good USFDA compliance and a future pipeline of excellent products. Long above 4990. SL at 4800. (A little deeper than usual but its a positional play)
As crude has broken out and following up on my previous idea of ONGC touching 74, ONGC could now move towards 83/84. (200EMA) Long at current price with SL below 74. (Previous resistance has now become support) Disc: I have some long positions in the same.