Monday, 18 July 2016
Indian Hume Pipe: Will there be a channel breakout?
IndianHume
This pipe company has been in a perfect trending channel. Having shown some real strength over the past few days, we believe it could breakout of the channel on the upside. Let's watch what's in store for this company? Buy for a target of 400 - 430.
19/07/2016: CMP 390. Exit completely, on grounds of very low volumes. Will try to stay away from such very low volume counters...
This pipe company has been in a perfect trending channel. Having shown some real strength over the past few days, we believe it could breakout of the channel on the upside. Let's watch what's in store for this company? Buy for a target of 400 - 430.
19/07/2016: CMP 390. Exit completely, on grounds of very low volumes. Will try to stay away from such very low volume counters...
Astral Poly Technik: More upside on cards!
ASTRAL
Having broken out the previous highs and closed above it with heavy volumes, this stock has some more steam left for the run up. Keep a SL below the breakout levels @ 483 on closing basis for a target of 510 - 530.
20/07/2016: CMP 519.50, Book Complete Profits. Call Closed...
Having broken out the previous highs and closed above it with heavy volumes, this stock has some more steam left for the run up. Keep a SL below the breakout levels @ 483 on closing basis for a target of 510 - 530.
20/07/2016: CMP 519.50, Book Complete Profits. Call Closed...
Tata Motor Dvr: Will this follow tata steel?
TATAMTRDVR
Is it a dejavu? We have seen a similar pattern of 3 failures and a breakout in tata steel last week. Once the breakout was in effect, tata steel made a 10% gains within few days. Will this pattern breakout also provide us similar results? Let's wait and watch. A definite buy for pattern similarity.
21/07/2016: CMP: 321, Book Complete Profits. Call Closed...
Is it a dejavu? We have seen a similar pattern of 3 failures and a breakout in tata steel last week. Once the breakout was in effect, tata steel made a 10% gains within few days. Will this pattern breakout also provide us similar results? Let's wait and watch. A definite buy for pattern similarity.
21/07/2016: CMP: 321, Book Complete Profits. Call Closed...
Sunday, 17 July 2016
RCom: A possible expanding triangle in making
RCOM:
Attached herewith is the weekly chart of RCom. Having bounced from the 45 levels, the bottom might be in place for a medium term horizon. It appears to be in an expanding triangle form. Targets are around 90 and if successful above it for a target of 130.
Attached herewith is the weekly chart of RCom. Having bounced from the 45 levels, the bottom might be in place for a medium term horizon. It appears to be in an expanding triangle form. Targets are around 90 and if successful above it for a target of 130.
Canara Bank: Another PSU Bank which is breaking out.
CANBK:
We have seen many PSU Banks breaking out of the negative zones; added to the list of late is the Canara Bank. We can watch out for 300 as the potential target for this breakout. Updated here is the weekly breakout chart of Canara Bank, showing a HH&HL pattern.
21/07/2016: Having closed at 250.80 we are exiting the stock considering it to hit SL.Call Closed...
We have seen many PSU Banks breaking out of the negative zones; added to the list of late is the Canara Bank. We can watch out for 300 as the potential target for this breakout. Updated here is the weekly breakout chart of Canara Bank, showing a HH&HL pattern.
21/07/2016: Having closed at 250.80 we are exiting the stock considering it to hit SL.Call Closed...
Axis Bank: A trusted and reliable private bank.
AXISBANK:
Post the brexit event, recovery was seen in the broader market at a full swing. One bank which was not participating off late is AXIS Bank, which has the potential to move towards 585 - 600 levels in a shorter time frame.
21/07/2016: Having closed at 538.05 we are exiting the stock considering it to hit SL.Call Closed...
Post the brexit event, recovery was seen in the broader market at a full swing. One bank which was not participating off late is AXIS Bank, which has the potential to move towards 585 - 600 levels in a shorter time frame.
21/07/2016: Having closed at 538.05 we are exiting the stock considering it to hit SL.Call Closed...
Thursday, 14 July 2016
Carborundum Universal: Closing at a high, more steam left
CARBORUNIV
This one is from our research head: Prasanna Bidkar.
This chart has given a breakout with heavy volumes signalling more steam left on the short term. This price/volume breakout could take this scrip towards 265 - 280 levels very soon.
25/07/2016: CMP: 258.65, Book Profits. Call Closed...
This one is from our research head: Prasanna Bidkar.
This chart has given a breakout with heavy volumes signalling more steam left on the short term. This price/volume breakout could take this scrip towards 265 - 280 levels very soon.
25/07/2016: CMP: 258.65, Book Profits. Call Closed...
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