With news o new malls and managing to sell out lakhs of sq.ft. within 24 hours..the stock seems to have all kinds of strength. Long at Current price with target of 616. There has been a short term breakout today.. If it can follow thru it'll go to the next fibo resistance. Stoploss below 340.
With the management talking about weak demand in Sept the expectation is of a weak quarter. Add to that markets are not lighting it up so weakness all around. Short below 2080 with SL above 2100. Will be a breakdown of the most recent support.
One of the strongest stocks in an otherwise weak market The stock is moving with higher than usual volumes and could now breakout. Long above 590 with a SL below 540. The markets are volatile so lower allocations are a must currently. This ATH breakout could take the stock much higher after a nice little consolidation.
One of the few stocks thats showing strength in this down market as well. The promoter is a non-stop buyer from the open market and the company has raised growwth capital and is targeting key markets like UP & Maharashtra. Long above 366. SL below 340. There will be a Darvas box breakout above this level.
A stock thats been looking strong even in a weak market. Long above 355 with a SL below 340. There is a triangle breakout here and maybe the company is on the block too.
With the previous idea of BPCl..HPCL too could be shorted right here which is relatively low risk with a SL above above 260. Gives a low risk reward and can be pyramided downwards if it breaks 247 where there will be a short term breakdown.
With Crude holding up..OMC's are loosing Rs5-7 per liter of fuel retailed. The last time this happened these co's reported losses. short BPCL below 242.90 with a SL above 253. The stock could fall to 306.
With capacities soon to come online expect a wedge breakout. Long above 107.50 with SL below 100. They have undergone massive capex relative to their marketcap which would make the company more efficient.
With diesel prices shooting up along with crude prices GOI could increase procurement of bio-diesel. One of the 2 companies which will greatly benefit from the same is Kotyark. Long above 697 (which is already has tried multiple times to break out off in a weak market but with no success) Keeping a deeper SL coz the markets are weak at the moment.
If our markets must continue to be bullish RIL has to stay above the 200EMA. Bulls will surely try their hardest to defend the 200EMA.. Long on any bounce between 2340/2350 with a 2% SL. (Buy buying the bounce not the first time the stock touches that level)..
With Diesel Cracks increasing back into bull market expect Chennai Petro to be a big beneficiary. The only problem is if govt increases windfall taxes on export ofdiesel. IF this trend continues the company will make a lot of money going ahead. Long at Current prices with SL below 471.
With crude prices popping further and stock markets correcting this co could provide the opportunity. Long around 155/153 with a 5% SL or 146 with a 5% SL...depending on where the stock reverses. There could be an RSI positive divergence which is a good thing. Look for a reversal to first come in this sector... (While focusing on stocks which don't attract...
A stock which is showing strength becuase its cheap but also a movie it produced with Rajnikanth did exceedingly well. Also as we tend to enter election cycles...Newspaper/Media stocks tend to gain extra revenues. Long above 622 with a SL below 600. (Wedge breakout)
A stock i've traded multiple times with good success. Because of this market pullback its giving another opportunity before its next bullish move. Ideally i'd like to buy it around 215 and then again above 226 in 2 trenches with a SL below 205 and then 220. The bounce around 215 would mean a pivot towards the 10EMA and then a wedge breakout above 226.. (The...
An interesting co which went up and now pivoted...could be due its next move up.. Long above 996 with a SL below 960. I'd allocate 50% and then double it up above 1120. (At this point keep SL at cost which would be close to 1060)
One of the few companies which has been consciously staying below the tax bracket for windfall taxes on crude... Long above 176 with a SL below 170. Post the last result the stock fell...so better to wait for the stock to cross back above the 200EMA before taking a position.
One of those stocks which hasn't moved a lot yet in the chemical pack.. Long above 1050 with a stoploss below 990 for conservative traders and 1040 for aggressive traders. Under the right environment this stock could give a great risk to return.
With us entering an election cycle and crude prices rising..the govt won't increase prices of Petrol/Diesel which would spark inflation. IF prices are held constant..OMC's will start making a loss. (Esp if the govt doesn't reduce taxes on fuels) Short below 350 with a SL above 355. There will be a trendline breakdown but also the stock will fail to move above...