A stock that has been at war since the NBFC crisis..the stock has had provisions after provisions. There are 2 key places where the stock has been taking resistance..the 200WEMA and the AVWAP of the entire down move. If the stock price can cross 955 & 964 and those levels can become a support then we could be in for a turnaround. Long above 955 & 964 with a...
With the PM reinforcing his view on Solar roof top for 2cr people. Long above 1310 for a new breakout with a stoploss below 1200. Once this consolidation zone gets broken out, the stock could move towards a new high.
With the management guiding for sector leading margins and growth this stock could've potentially bottomed and now breaking into higher highs. Long at current price where the stock is breaking into higher highs.. Stoploss below AVWAP of 684. First target could be 713 and then further upwards.
With the Nifty making new highs but struggling to get any follow thru moves. There is a divergence on the RSI so if we get a couple Red Candles we could get a reset. Additionally with the markets doing so well this past week a cool off wouldn't be a bad thing. Watch for a cool off from Tomm/Monday. In that case a trade I might look at is to short the nifty...
A stock that has both its believers and its doubters.. The stock is attempting to break into a new ATH territory..at the point the stock could catch momentum and head upwards considering its solid cash flows. Adding the stock above 1190 where it breaks into a new ATH might be a good buy..the stock could keep moving upwards. SL for the trade would be below...
The stock has broken out as many other Agro theme stocks have.. Long at current price as the stock is breaking out with high volumes. Stoploss could be 72 and the stock could be moving towards 90.. If it can break above 90 the stock would catch some really good momentum.
With the allow prices moving upwards (30% up now) the stock could move upwards too.. Such stocks make sense to catch for quick trades. When the stock breaks into a new high above 550 then it might be worth trying to catch it with a stoploss 3-4% below the purchase price.
With the company winning a near Rs5000cr court case while having a market cap of close to 2000cr at some point the stock is bound to rerate.. The stock is on the verge of breaking above the 200EMA and could go long above 349. Long above 349 with a stoploss below 329. (Keeping a little margin below the 200EMA so we don't get caught in any whips downwards) This...
With a new facility commencing production, the co could see a long with solar pumps also being part of the portfolio the stock could move towards new highs. Long at current price with stoploss below 417. (Keeping a deep SL coz the market has moved so many days that some cool off seems to be certain over the next couple days) The stock could break the trendline...
A stock that's consolidated nicely and among the only IT compnies making a new high. The stock broke out of this consolidation range today. Long above current price with stoploss below 630. The stock could give a good 10-15% move over the next few days if the market sustains.
Another police continuity trade. Long above 500 and stoploss below 460. There has been a nice volumes buildup over the last couple weeks.
With majority consensus of Modi coming back to power...we can expect policy continuity. REC will be a big beneficiary with lending to renewables.. Ideally long on any pullback to 521 or on a fresh breakout above 568.. Stoploss should ideally be 490 bt that's deep so maybe below 535.
Good guidance by the management and one of the few chemical co's which has given guidance to grow by 25%. The mgmt usually keeps up their guidances.. Long at current price with stoploss below 1694. (Below the 200EMA). The stock has broken out of the downward channel and has made a higher high and higher low.
With coffee prices starting to trend upwards globally because of the production issues in Vietnam...the stock could see a good uptick.. Long at current price with a stoploss below 539. This zone has previously worked as a support zone. The stock could gain strength above 610 when it crosses the 200EMA.
If Deepak Nitrite pulls back post result to anywhere from 2475 to 2445 and bounces intraday..it makes for an excellent buy on dip.. Last quarter was good but with several shutdowns in peer plants Q1 is shaping up well with price increased. The company has always benefited when freights have gone up and we currently are in that phase where freights are going up...
With metals continuing to melt upwards.. Hindalco with its upcoming IPO of Novelis could have some huge rerating triggers.. Long above 662 with a stoploss below 643. The stock would breakout into a new high on the backing of firm metal prices.. The Novelis story is the company is owned by Hindalco and is looking to IPO on the US markets at a valuation of $18B....
Post super results...the stock pulled back and might've taken out many stoplosses.. Now its turned around again.. Long above 2360 where there would be a wedge breakout with stoploss below 2240. Double up the allocation above 2680. There is a high tight flag setup here..so if it breaks into a new high..might lead to a good move..!
Nice volumes today...could signify something big is around the corner. Phase 3 of their real estate project could be the trigger. Long above 191 when the stock starts to break into new 52 week highs... (Vertical breakout) As this stock has failed so many times we'll keep a tight SL of 182..and if it triggers also reset another buy above 191 again..