HPCL is on the verge of breaking down while BPCL has broken down. Higher crude prices should add to their woes esp with it being election season and OMC"s under pressure to not increase the fuel prices. Could easily go down to 320.
Breakout after a downtrend. A few Adani stocks seem to be trending upward. above 400 things get interesting. Don't think this one would be a quick gainer post that but trend change could take it up slowly. .
Investment grade stock.
Not going with short term movement, too many positives.
1) Adani price revision at Mundra will mean they too get the revision to not make a loss.
2) Tata Power owns a defence play which in time will get brought out giving them more free cash.
3) So many assets available for peanuts to grow.
4) Tata Power has a huge green energy part...
Content king of India. Huge catalogue of content. Strong partnership with most TV channels and now Jio. Bottoming out?
Wouldn't take a big position but would take a small entry with SL below marked price. (Rs. 78)
An old favourite of mine, above todays high, it could move into a new phase to the trend towards 116. Once it breaks above 116 is where i will for sure be loading up again on this stock. Too much potential, Q3 is when all new capacities start to come online too.
Ps: Pardon the excess lines on the chart but they are just supports and resistances of the past which...