Breakout out of a downward trendline and also above a range its been clustered at in Oct and fell from. Long above 720 with a stoploss below 670. First target 790... Once that gets taken out it could move much higher and maybe even into new ATH territories.
One of the cheapest metal co's..one which could soon see a trend reversal. The stock has taken resistance many times at the AVWAP of this entire downmove (marked with the red arrows) If the price can cross above that it could quickly go to 112. So long above 103.50 with SL below 100. This would initially be more a short term trade for me coz i believe it might...
A stock thats been consolidating the last few weeks and one i believe might be an M&A target. Long above 22.25 with SL below 21.10 for morea aggressive targets but 20 for more conservative traders. I'd take a lower allocation and keep a deeper SL and double up above 23.25 which would be the real breakout.
With a ratings upgrade...NCLT hearing around the corner.. The stock is crossing back above the 200WEMA and also AVWAP of the recent downmove. Long above 91 with a stoploss below 85. The breakout will come this week or next but it should surely come soon.
With paint industry being inversely proportional to crude.. A fall in crude prices should bode well for the company Long above 3300 with SL below 3140. Looks like it could explore the ATH again..
With a breakout around the corner watch for the stock to go towards new highs.. Things are now streamlined for the company and going ahead things should get better.. Long at CMP with SL below 350. There could be a downward trendline breakout.
A stock that consolidated for a bit and now with the exit polls showing the ruling party is doing well..PSU momentum could continue. Plus plenty of orders could continue to come in. Long above 147.15 with a SL below 140.
One of those stocks which has frustrated its owners since IPO... Many gave up on it but recently its shown some strength.. Long above CMP with a 5% SL.. It could see resistance at 735 but above that there is a good move possible on the upside.
Since its listing LIC has only fallen..but its also a value stock. With the new offer of 10% guranteed returns it could keep the stock in the news and could lift the mood around the stock.. The stock is flirting with the AVWAP (blue line) where if it crosses it could signify a trend reversal. Also the stock has crossed back above the 200EMA which signifies a...
Long above 224 with a stoploss below 204 (keeping it deep coz there is value here beyond the breakout) Shorter term SL would be below 215. Would look to double the allocation above 242 levels.
A stock thats been in the news for a long time now. Its close to breaking the AVWAP of the entire move which starts from the bottom. Its also close to breaking below thee trendline support where it already is. Stay cautious here...but on the flipside i wouldn't short it either coz we don't know about the free float nor how easily it can be taken up again. It...
A stock which broke out on the back of good results and a strong guidance. Post the first move it cooled off and is now retesting the breakout. Looking to see if it can bounce from right here or atleast from 219..whereever it bounces it could make for a good buy candidate.. (ideally from here itself) IF the buy is here then the SL would be below 215. If the...
Highest weekly close on the weeklies since the news of the sale of land broke. There is a chance it gets follow thru and breaks out above 169.. There is a key level around 176 but once that gets taken out (which i think will happen) the next level is 200+. THere is a gap to fill above 205 upto 217 and if and when that gets taken out we can look for new all time...
One of those stocks worth taking a punt on with the company expecting to go back to double digit margins by the year end. If that happens the stock could start moving upwards again Long at CMP with 33% allocation and double up above 105 and finally reload again after 115. SL 95 which keeps the risk low coz the upfront allocation only 33%.
With Jindal Saw and Venus Pipes both reporting strong numbers esp in the seamless space.. We can expect Maha Seamless to see some tailwinds too.. Long above 690 with a SL below 645. The stock could make a new high and continue with momentum.
An interesting trade if the markets decide to cool off. With several large world economies selling treasuries..they could be shifting to physical gold.. This might make at first an interesting short term trade to 52.45..an if that breaks out then go much higher... Might be a great contra market trade if and when the markets correct atleast while gold is ripping higher.
A stock that has strangely been moving more when the market is weak..on MASSIVE volumes. The current scenerio could lead to a pullback. If it bounces from somewhere around 287ish it'd make for a good buy...esp seeing the large volumes. Take a 50% allocation with a 7-10% SL.
One of the stocks that was in the news and since pulled back and could be ready for a new breakout.. If the stock follows this channel the time based correction is over too and it could start the move up from the channel bottom. Long above 160 with a much higher target. There has been a lot of resistance in teh 156-158 zone and once that supply gets taken out the...