With Europe heading for a shutdown and crude also breaking down, there is a chance we could see lower levels again in ONGC.
Technically the stock has broken down from a suport and could visit the lower marked price of 60 and then 56.
Short at CMP with SL above todays high (66.40)
As markets are correcting and TCS has a gap to fill, the stock can be shorted below 2600 with a SL of 2620 for a target of 2540. (Dont short this until it breaks below 2600 which most likely wont happen today)
Ps: This is a short term play.
The stock has been backward integrating as a strategy. Pre Covid the company had its best result in along time. There could be a revival again this quarter. Results are on 29th Oct.
Technically the stock could be breaking out after consolidating for an entire quarter. Long at CMP with stoploss below 1050.
Fundamentally expecting a 100% YOY growth in profits...
A part of the now famous and in demand APL group of companies.
This stock had a breakout around 415 (My first purchase price) and now is on the verge of a bigger breakout (above 465).
Positional buy only above 466 with a SL below 435. If due to volatility markets are deep in the red then SL can even be shifted higher.
A smaller bank which is traditionally conservative with its lending habits.
Technically the stock has broken out and also moved above its 200EMA. The price is also moving towards its 200WEMA (158).
Long only above 158 with a SL below 200EMA (151).
Above that the volumes too could pick up which could lead to momentum. SBI Smallcap is quite bullish on this...
With Sugar as a commodity showing good strength, sugar stocks could potentially break out in the near future.
Watch out for the group overall.
Balrampur Chini would be a good buy above 167.50. SL below 160.
Keep on watchlist and watch out for a breakout.
A little know smallcap company which supplies wires to tyre companies. As tyre stocks start getting tailwinds from demand, expect this stock to shoot up too since it is a market leader in India in this segment. They deal with all the tyre majors.
Technically long above 350. SL 3-5% below purchase price. High volumes are usually good for the company. The results...
A long time favourite of mine. Had recommended it as a value buy around 110-115 levels.
Now after all that consolidation is finally breaking out.
As long as it can sustain 135 can do long at current price.
Stock has broken out with high volumes. Plus another addition is that the entire sector seems to have tailwinds.
The stock has crossed and is taking support at its 200EMA. (always a good sign) This is also its 50WEMA.
Long above 32.30 just to be on the safe side with this stock.
Would double down if it crosses 2nd marked price of 34.50 and ride it for a long time.
Fundamentally the manage is good and also the overhang of Vodafone Idea which they had already done a large...
With everything resolved on the Vodafone front in Supreme Court things could now start to look u for this company.
Ultratech cement, its other holding its also moving up.
Once it crosses the 200WEMA things could change for this company which has been a major underperformer all this time while its prime asset Ultratech cement has been moving up.
Long at CMP as...
So far the stock has bounced off a key support and off the golden ratio.
As long as the stock stays above 390 all is well with the stock (for those holding it already)...The stock is also at the 200WEMA currently.
Wait for a bounce before taking any new speculative long positions.
Metals seem to be on an upcycle and prices of their products seems to be taking a price rise.
Flag breakout on friday.
Long at CMP. SL 315.
If the price can cross the marked price of 356, i would double my position and then ride the momentum.
Also as visible volumes are up over the last couple days.
Long at CMP. (67.25)
Stock bounced at a previous support which also having a +ive divergence on the RSI.
Ps: A lot of trades are more short term these days because of american elections when historically volatility is always high. Covid uncertainty adds additional volatility hence shorter term trades.
Technically the stock is showing strength with higher volumes pre results (Always a good sign).
Metals in general seem to be in high demand.
Long at CMP with SL below 515.
WIll double my purchase above marked price of 570.
The stock also has a convervence of moving averages on both the daily and the weeklies which often signifies a sharp move could be coming.