Tuesday, May 16, 2017

Welspun Corp

                                                                                        daily chart

Stock of Welspun corp is in sideways trend since last 3-4 year. Technically Stock may breakout of this sideways trend to show newer high, which may be a beginning of uptrend. Stock can be bought at CMP or in dips till 84. Stop loss of 82 recommended.
Best time to sell a stock when there is a euphoria in its skyrocketing prices. 

Wednesday, May 10, 2017

ICICI Bank

                                                                         daily chart


Stock of ICICI bank has just given breakout from rising wedge pattern with highest volume recorded in last 4 years on 4th May 2017. It was trading in that chart pattern for last 6 months. This breakout confirms more upside for stock from current levels. Stock did not move much for in last 3 years. It can be bought at CMP or on dips till 275 for handsome gains in medium to longer term. 

Saturday, March 25, 2017

Bank Of Maharashtra

                                                                                                    daily chart

Stock of Bank of Maharashtra has given breakout from downward slope as shown in the chart. Close observation also shows bottoms are rounding bottoms indicating stock is changing it trend from down to up.  Stock can be bought at CMP or in dips till 30 for a substantial upside in medium to longer term. Traders should be cautious as overall trend is yet down. 

Thursday, March 2, 2017

Shakti Pump

                                                               daily chart

Stock of Shakti pump broke out of a trending line as shown in the chart. This break out may take this stock to new highs in coming weeks if not in days. Also, overall trend is also in favor of this breakout. Traders can wait for correction from current levels or buy this stock CMP or in dips till 140 for handsome returns in near future. Exit this stock when you see euphoric highs.
Stop loss below 140 recommended.

(We don't give specific targets as we don't believe in them and best time to exit stock is when we see euphoria in it's prices)

Sunday, May 29, 2016

Tata motors

                                                             Tata motors

Tata motors is in a long term uptrend as per chart. Stock has not given much returns in last two and half years compared to returns given by Nifty index. Stock is holdinh WHITE line at 322 as seen in the chart. One can buy this stock with stop loss below 322 and hold it for medium to long term for handsome returns.

Saturday, April 11, 2015

Reliance power Ltd

                                                                       Daily chart

Stock of Reliance of Reliance power is in downtrend since its IPO in 2008. Stock may show some upside in short term provided it sustains above 59 (blue line) Stock is also above its key moving averages  20 DMA and 50 DMA. Stop loss below 58 recommended. Short to medium term price target is 70.