Category Archives: Stocks

#16 Stock Update: Weekly Picks 25th July to 29th July

STOCK
CMP
TARGETS
STOP LOSS
REMARKS
AMBUJA CEMENT
129.550
131/135
124
Stock has been taking strong support at 124. It has seen close over all the short term moving averages. RSI and Stochastics are supporting bulls so I recommend stock for safe trdrs.
ANDHRA BANK
137.40
142/147
133
A perfect “Morning star” pattern has been seen. I recommend to buy stock on DIPS.
Jain Irrigation
170
176/183
163
A stock has witnessed a close over all the short term moving averages with a strong bullish candle. RSI and Stochastic are suggesting buy with SL.
TATA Steel
584
595/610
565
TATA Steel has been taking support around 570 levels. All the indicators has been bullish crossover.
MPhasis
444
466/481
420
A Strong bull candle has seen its close over short term moving averages. Stochastic is turning around from the oversold condition.
Nagarjuna Fertilizers
33.65
42.50

32
Stock has been taking support of upward trend line since last 2 months. With the positive crossover of the indicators I advise for small cap investors to buy the stock.
Bank India
416
426/432
410/406
Stock has been too volatile in last few days. A doji was followed by strong bull candle so I recommend this stock for high risk client.

#15 Stock Update: Weekly Picks 18th July to 22cd July

STOCK
CMP
TARGETS
STOP LOSS
REMARKS
IOB
144.20
148/151
140
Stock closed over all the short term moving averages. There is a gap unfilled at 148 so I think stock will fill up that gap this week and I advise you all to buy.
ANDHRA BANK
134.80
139/144
130
A dragon fly doji closed over all the short term moving averages with the support of all indicators. A gap is unfilled at 144 which is ought to be filled any time.
Reliance

873
887/904
852
Stock closed over all the short term moving averages. Weekly RSI is about to give bullish breakout so stock is for only HIGH RISK traders.
Maruti
1177
1194/1222
1146
A close over all the short term moving averages on daily chart with a dragon fly doji on weekly chart gives validation to MACD central line crossover for bulls.
Jet Airways
506
532/567
470
A consolidation rectangular breakout with a close over 100 DEMA makes stock bullish for upcoming week. Hold it for 2-3 weeks for 2cd tgt.
Exide Industries
168
173/178

160
A close over all the short term moving averages with a strong bull candle has been witnessed. A probable double bottom formation has been seen with Dragon fly doji on weekly.
Dr reddy
1600
1638/1656
1550
A close over all the short term moving averages with a bull candle. Weekly RSI has witnessed bullish crossover.

#14 Stock Update: Weekly Picks 11th July to 15th July

STOCK
CMP
TARGETS
STOP LOSS
REMARKS
Bharat Forg
331
337/345
315
A Dragon fly Doji on Daily chart closed over 200DEMA with the support of RSI and stochastic. I recommend to buy with a strict SL.
Cairn
323
330/344
315
A dragon fly doji closed over all the short term moving averages with the support of all indicators.
CumminsInd

681.60
708/725
660
A close over 200 DEMA on daily chart was supported by bullish crossover of stochastics and RSI. Weekly chart has witnessed a dragon fly Doji.
Essar Oil
129
132/138
123
A strong bullish candle closed above 200 DEMA with a support taken at 100 DEMA. Weekly chart has also witnessed a close over 200 WEMA.
HDIL
172.50
178/186
164
A close over 100 DEMA with the support of bullish crossover of RSI. Weekly chat has witnessed close over all short term moving averages.
Syndicate Bank

119
123/130
112
A close over all the short term moving averages was supported by bullish crossover of the RSI. Weekly has also seen a  close over all the moving averages.
WIPRO
431
438/452
424
A dragon fly doji on daily and weekly chart seems short term bullish. So this stock is recommended only to HIGH RISK CLIENT.

#13 Stock Update: Weekly Picks 4th July to 8th July

STOCKS
CMP
TARGETS
STOP LOSS
REMARKS
Biocon
363.65
370/377/390
348
I recommend to Buy stock on dips and hold for 2-3 weeks. Close was seen over 200 DEMA and a channel was confirmed last week.
DLF
220.30
225/229/237
212
Tweezers bottom was seen on weekly chart with High volumes. Close was above all the moving averages with strong belt hold candle.
EDUCOMP
396.75
403/410/425
387
Tweezer bottoms of last 5 candle with 4 being Doji’s. RSI and MACD supporting bulls. On weekly chart and Doji is witnessed
ESCORTS
115.35
118/121/128
110
Buy the stock on dips and hold for 2 weeks. Long hammer on weekly chart confirmed by a long bull candle. MACD and RSI on daily on bulls side.
GAIL
450.75
456/462/470
440
Channel formation is witnessed so we recommend to buy on dips and hold for few weeks. Weekly close above all the moving avgs.
Hindalco
187
190/195

179
Bullish trend confirmed last week. RSI and MACD crossover on daily chart are still supporting bulls. On weekly chart a long legged hammer was confirmed by a bullish candle.
IDFC
135
139/142/152
128
A Doji was confirmed by a bullish candle with  MACD and RSI supporting it. I recommend to buy on Dips and hold for long term.

#12 Stock Update: Portfolio Pick:- Jain Irrigation

CODE: JISLJALEQS     Sector: – Plastics

CMP: – 157.25     Strategy: – Buy on Dips   SL: – 125   Targets: – 176/183/200/215/237/270

About the Company: –

 The Corporation has multi product industrial profile and manufacturers of Drip and Sprinkler Irrigation Systems and Components; PVC, Polyethylene (HDPE, MDPE) & Polypropylene Piping Systems; Plastic Sheets (PVC & PC sheets); Dehydrated Onions and Vegetables; Processed Fruits; Tissue Culture, Hybrid & Grafted Plants; Greenhouses, Poly and Shade Houses; Bio-fertilizers; Solar Water Heating Systems and Solar Photovoltaic Appliances (Solar lighting systems) and Bio-Energy sources. We render consultancy for complete or partial project planning and implementation e.g. Watershed or Wasteland and / or Crop Selection and Rotation.

My Views:-

Jain Irrigation is a Multinational company with presence in over 120 countries and around 22 plants across the globe. It has been performing well over the years with the CAGR of 41% which is simply outstanding. Its book value as per last financial year ending balance sheet is 176. It is in the business of making products which are helpful for agricultural and agricultural is the sector which won’t die ever in the world. In India, farmers are going towards professional farming and the demand for such products is going to increase which is a good sign for the company. The company has its FCCBs and listing even on Singapore and Luxembourg which means company is world renown.  Technical speaking it is available at discount because market value is 157 while book value is 176. If we check out daily chart, then a probable inverted Head and shoulder is about to form which has a breakout at 176 levels which ought to be book value too. Weekly chart has shown bullish engulfing pattern with the strong support of all the indicators. I recommend making some space for this stock for your long term portfolio.

Source:- Moneycontrol.com, www.jains.com, www.utvmoney.com

#11 Stock Update: Weekly Picks 27th June to 1st July

STOCK
CMP
TARGETS
STOP LOSS
REMARKS
LONG TERM HOLD
Ranbaxy
535.50
575
515
“Morning star” pattern is seen on dailychart while Dragon fly Doji is seen on weekly chart. On daily Chart RSI and stochastic are suggesting a strong buy with 56 and 35 levels respectively.
Yes with Tgt of  628
PIRHealth
374.20
394
362
A dragon fly Doji is supported pn weekly chart with a long legged spin bodied bull candle. 14 Day RSI is strong on daily chart at 46.
Yes with tgt of 430
L&T
1739.40

1766/1802
1703
A close over 200 DEMA on daily chart with strong buy indication by Stochastic for short term. Weekly Indicators are strong with MACD and RSI.
Yes but buy on dips with SL of 1637 and tgt 2002.
JSW Steel
871.30
887/903
835
BUY on dips. “Morning star” formation has been seen on daily chart with a stochastic crossover at the 30 levels. Dragon fly doji is witnessed on weekly chart.
Yes with a SL of 800 and tgt of 996 to 1050

ICICI Bank
1064
1090/1127
1035
Daily chart has witnessed close over 200 DEMA and all other major moving averages. RSI and Stochastic are strong at 50 level marks.
No
Hindalco
172.80
180/186
167
“Morning Star” has been seen on daily chart which is a reversal sign of the down trend. RSI is at 52 showing strong buy with MACD and Stochastic supporting it. On weekly chart long legged bull candle is also representing bullish sentiments of investors.
No
Bajaj- Auto
1387
1422/1458
1340
A long bullish candle is seen on daily chart with MACD crossing the centre line. RSI is at 59 suggesting a buy for the stock. Weekly chart is also showing some dicey picture.
Risky investors can with a SL of 1258 and tgt 1650

#10 Stock Update: Long Term Buy: BHEL

Industry: – Engineering and Capital Goods
Stock is around 52 week low. BHEL has witnessed a Dragon fly Doji on Daily chart before some days. As we could see in the chart, stock has been moving in the tune of Fibonacci Retrenchment for last one year. It has taken support 4 times around 1894 in last one year which is 100% retrenchment from the top. Technical Speaking stock has been trading in oversold territory and now it is time for long term investors to get into the stock.

Investment tips:

CMP:-1937
Strategy: – Buy on Dips
Targets: – 2200/2500/2700
Time Horizon: – 1 year
Stop loss: – 1820
14 Day RSI: – Strong at 44 giving a buy signal
MACD: – (-21) after crossover at (-32) giving a strong BUY

#9 Stock Update: Weekly picks

TATA Steel has witness an important “double bottom formation” at 554 levels. On Friday it witnessed a gap up opening .It has given close above 5 and 10 day Moving averages. We could see that TATASteel has been taking support and resistance at Fibonacci levels throughout the last year. Double bottom and its breakout is also the Fibonacci levels. After the breakout at 594 levels target comes out to be 629 which is also a Fibonacci resistance. So my weekly pick this week is TATASTEEL.
Levels:
CMP: 573
T-594/630
SL-556
14 day RSI- 48 and turning up strong
Stochastic: Crossover at 20.

#8 Stock Update: Weekly picks (6th-10th June)

Stocks
Remarks
BIOCON
A dragon fly Doji on weekly chart was confirmed by a strong bull candle last week. Stock Price crossed 100 and 200 DEMA last week and closed a way above it. RSI crossed 50 level mark suggesting a strong buy. Whereas stochastic is suggesting to Buy stock on dips.
CMP
363.50
Buy on dips
Stop Loss
350,335
Targets
377,392
ANANTRAJ
A Bullish Engulfing pattern on preceding week chart was confirmed by a bullish candle last week. Daily chart have witnessed price closing above short term moving averages. MACD has shown a some bullishness and suggesting to  buy on dips.
CMP
70.95

Buy on dips
Stop Loss
69.50,65.90
Targets
77.70,81.20
APTECH
A bullish Hammer on the weekly chart was confirmed by a bull candle last week. Price on daily chart closed above all the short term moving averages. MACD together with RSI at 50 is suggesting a buy for the stock for short term as well as long term holdings
CMP
98.45
Buy
Stop loss
97.50,94.50
Targets
102,107.50
INGVYSYABK
Bullish Tweezers bottom was confirmed buy a bull candle on the weekly chart. On Daily chart price crossed and closed above all the moving averages including 100 and 200 DEMA last week. MACD crossed 0 line signaling buy with RSI still at 63 suggesting a strong Buy.
CMP

347
Buy
Stop loss
340,330
Targets
356,373
ADVANTA
Bullish Tweezers bottom in the bearish trend on weekly chart is suggesting a reversal in trend for the stock. On a daily chart a small dragon fly doji was witnessed to support the bull run. Price closed above all the short term moving averages while RSI was at 51 suggesting a bull phase.
CMP
239.30
Buy
Stop Loss
228,216
Targets
257,269
BOMBAY DYEING
A bullish hammer in down trend was confirmed by bullish tweezers bott
om pattern on weekly chart for the bullish trend of the stock. On daily chart price closed above all the short term moving averages while MACD is about to cross 0 line to suggest a strong buy. RSI is strong at 54.
CMP 
363.80
Buy on Dips
Stop loss
352,338
Targets
377,393
AMBUJACEM
A bullish piercing pattern on weekly chart was confirmed by a long bull candle for the reversal. On a daily chart Inverted head and shoulder was confirmed by price closing above the neckline being at 140 level for 3 days. MACD is about to cross 0 line while RSI is at 55 suggesting a buy.
CMP
 143
Buy
Stop loss
140,136
Targets
148,153