Another strong company which is doing very well is on the verge of a breakout. Long above 1640 with SL below 1590.
A popular stock and strong chemical player with super strong ROE and ROCE. Breakout above 7100. Target is marked. SL 2.5% below purchase price.
Stock tested the golden ratio on the fibo which also happened to be the 200EMA and bounced off. It could be the end of the pullback. Long above 2435 SL 2375.
One of the most loved generic manufacturers among mutual funds with many holding it in their top3 holdings. Its shown high volumes over the last few months. Watch for a breakout for a move to reach marked price. SL 628.
Hindustan Foods is due to announce its results next week. Fundamentals YOY it shoud be a blockbuster result. They are a contract manufacturing company. Many top FMCG co's are its clients. It also has recently commissioned a new detergent & shampoo unit for HUL. So that should scale up and add to the numbers for the co from the Q1. (The only lag for me might come...
Stock could do well going ahead. High Profit low valuation company. Could do well going ahead Long with SL: 300. First target 340 Disc: I own this stock from cheaper levels.
Above 965 stock could go to 995. SL below 955. Intraday trade for tomorrow. (For added safety add only if markets in the green)
With the whole cement sector buzzing, one stock which hasnt done that much relative to the rest of the sector coz of the Idea overhang is Grasim Long Above 542 with SL below 527. Short term trade.
Another potential bottoming out formation with a triple divergence on the daily charts. Long with SL below 186.
Triple divergence on the RSI. Long with SL below 47.5 This stock too could potentially be bottoming out. Be a little cautious about adding aggressively coz results are around the corner, but if the result is decent and management commentary is strong i will be adding this stock.
Still trying to judge the company fundamentally but technically the stock has broken out of a multi year breakout. The volumes seem to support the breakout and it could quickly do 1050. SL below 795. I also like the pharma sector overall as a long term play so my view could be a little biased. For a long term target i am trying to study the fundamentals so...
With Card payments allowed to be postponed plus joblessness increasing. SBI Cards could take a short term hit. Below the marked price it could go down to 425 quickly. I Wouldn't look to buy it before that at all. As we can't short this stock all we can do is wait for it to fall and not buy it just coz it falls a little bit more. Be patient in this company before...
A darling before Covid - 19. Unseen growth triggers which analysts used to share. The trains stopped and people lost complete faith in the stock. Above marked price around 1500 it could start its next journey upwards. Positive trigger is trains have started moving again and people are booking tickets again. If it doesn't break out then we look at it again...
Some people like the result (Price to sales is still good) coz its still super for the sector. Some people don't like the result coz it missed expectations. Either way initial uncertainity might take the stock to the yellow box of support. Bulls in that stock can then look to buy it there IF AND ONLY IF it bounces there.
Everyone knows i have been a bear in bajaj finance since 4000 levels and every single support level below it. Here comes another. If it breaks below on the next working day, it will fall to 1650. The only saving grace is the chance of a move coz of the +ive RSI divergence on the daily chart. Tuesday (Next working day) holds the key coz if it doesn't bounce the...
HDFC Ltd is now venturing around some very crucial support. The last line of defence for bulls in this co will be 1465/1475. Below that things could get messy in this co. Watch this space. Below that price it could fall sharply to 1350/1300. Regarding bouncing at said price which is also possible, i think that would be more linked the a news based move. Or if...
Next Stop 830. SL 3% below entry price.