With all the steel news coming inc PLI SAIL will now be a hard to ignore stock. One of the few PSU's where anybody short could get hurt very badly and most shorts will now look to cover their positions.
Fundamentally the stock is barely trading at book value. With these windfall profits its modernisation plan + debt reduction will progress smoothly while still...
The stock has been consolidating after an upmove and taking support around the golden ratio.
With china announcing cuts in production in H2 for steel, global supply will come down which in turn should sustain these high prices.
In that case some indian steel stocks like JSPL, SAIL and Tata Steel Long Products are trading at extremely cheap valuations while...
With Tin prices up closet o 60%++ since the beginning of the year. Tinplate is only about about 34%.
With a good result and no sign of cooling down of this metal thus far, Tinplace could play catchup.
Long at CMP with a stop below 235.
Expect a good move going forward as long as the underelying metal price doesn't correct.
First target 262 and if it can break...
With the support of the cowin app and winning many more such orders this stock could see good times ahead.
Long above 1000. (Esp if it opens around 1000 tomm then its a for sure buy)
SL below 970.
Target: As its an extremely bullish market ATH.
The stock already made an ATH breakout and now is in momentum. Its underlying commodity iron ore prices holding firm and even rising.
The bigger trigger would be if they get environment approval for expansion of their mining operations.
Technically a wedge pop could happen as early as tomorrow (Monday)
Long above 2118.
SL Below 2090. (or ideally 5-7% lower...
One of the few stocks and the infra sector showed a lot of strength this past week.
We can expect some continuation since this is a sector which didnt perform for most of the rally.
C&H breakout plus the stock has already broken out. I have said in the past as this company matures it will become like a Tata Sons where they will get high dividends from its IT...
Its the startup season (thank you zomato) and this stock is linked heavily to start ups..
Long above marked price at 99 SL below 98. I would be keen to pyramid too above 107 once it breaks into an ATH.
With markets being a little volatile it might be better to slowly scale the position.
After a good move and also positive guidances by the management, this stock could be due to move up further.
They are now getting approvals from the USFDA for more injectables which is a positive sign too.
3 year C&H breakout. followed by a retest.
Long above 700 with a SL below 675.
Open target because of the C&H formation.
One of the last left PSU's which might get disinvested in FY22 after Concor was pushed forward.
Multiple supports at CMP.. 1) LT Trendline support 2) Fibo Support 3) 20WEMA Support
Often stocks take support at spaces where there are multiple supports..
SO watch for a potential bounce here.
There is also a high dividend whose date still has to be...
The stock had a super move and posted amazing results. Going ahead the company is expected to post good results too.
Another good result will reduce the PE significantly and if the company can continue this high runrate the stock is due a massive rerating. (ASM needs to be checked)
Long above the short term resistance level above 760
VCP Breakout with high volumes.
Buy 50% at CMP and 50% on a breakout retest. Target for long term holders will be to new highs.
First target 123.
Disc: Have previously shared this company as a beautiful setup around 94.
Long above 270.
SL below 250 for positional or 3% for short term traders.
The price has been taking resistance at each fibo extension and once it breaks above it could move higher w momentum since the stock will be making a new ATH after 2017.