Aurobindo Pharma.. Train has still some steam Left...

Aurobindo Pharma has given a break out both in the weekly and the daily charts and the stock could be bought at Rs. 168 levels with a price target of Rs. 188 and with a stop loss of rs. 165

Union Bank of India... still a Good buy

Union Bank of India has given a Fantastic breakout in the form of Inverted Head and Shoulder on the daily charts and a Flag pattern Break out on the daily charts.

The Breakout has come with fantastic volumes and still the stock warrants a buy at these levels.

The stock could be bought with a price target of Rs. 260 and with a stop loss of Rs. 215 the CMP of the stock is Rs. 223.

The risk reward ratio is quiet favorable for the stock and you can go and buy the same either at the current market price or u can wait for a of may be to rs. 220  

LT a break out high levels..Next Stop 1950

LT has given a break out from Consolidation after a long time, the stock is giving a negative Divergence which means the stock could correct a bit before hitting the mark. The target should be achieved within 15 days time as well.

The Possible target for the stock is Rs. 1940 and the stop loss for the stock is Rs. 1620 on daily closing basis. I know after such a long run further run up for the stock is not a easily digestible but we can see the likes of Jubiliant food works, Wockhardt and Bata performing outstandingly in an uptrend.

On the weekly charts as well the break out has happened after a long consolidation and the break out has been with pretty good volumes, which indicates that the run up could happen for real.

The stop loss here would also be the same 1620 on the weekly closing basis.

Gujarat Sidhee Cement... Run After a long time

Gujarat Sidhee cement Flag breakout in daily Charts, with which gives comfort to the buyers to enter into the stock. The recent volumes have been pretty good and this is a stock from the cement pack which warrants a buy at this point of time.

The possible price target for the stock.is rs.16 within say 15 days time frame, with a stop loss of rs.12.30 on daily closing basis. 

The stock has closed arnd 12.90 and the target is for Rs.16 so the risk reward ratio is favorable and the capital investment is not much as well. 

If we see the weekly charts as well , the stock has after a long time changed its trend and the has broken out of it with huge volumes. which indicates that the stock can see good movement on the upside.

I am sorry for not being regular, but please write ur comments and questions about stocks which will motivate me to be regular .

Thanks and Happy Investing

The Call is on - "Buy Biocon"

Hello Readers,.

Biocon has given a Breakout on the Daily and the Weekly charts, and one can initiate buy Position in the stock at the current market price of Rs.262.50 

The advise once again would be to invest in the stock in the staggered manner in the pieces of 40% at CMP, 30% on fall to 258 levels and 30% to 256 levels.

The stock has broken out of the consolidation range after a long time and manage to cross the resistance levels of Rs.255 with huge volumes of 17,22,380, the stock has targets of Rs.295 to be achieved within 1.5 months of time. The Stop loss now for the stock would be Rs.254 on daily closing basis.

The Risk reward ratio is very favorable for the investors as the risk is only Rs.7 but the income is Rs.33 which is roughly 1:4.5

I hope the readers have made good money in the J.K tyre and Ceat call in the last one week and also the Ambuja cement call is still open and the CMP is very lucrative for investment. Hold JK tyre and CEAT for the time frame mentioned and they should reap you good money.   

Multibagger Tyre stocks to give 50% return in 6 months time

 

On the Weekly charts JK tyre has broken out of the CUP and handle pattern and the volumes for the week have been huge.

We can also see that the stock is moving in an uptrend, and now it is facing the channel resistance of the upper band, also the Rs.110 levels have been huge resistance for the stock for quite some time.

Now if the next week the stock manages to stay above the Rs.110 mark and sustains above it, it is possible that the stock can then show a target of rs.160, however the time target that appears for the stock to reach the levels would be close to 27 weeks. (i.e almost 6 months time frame)

Also what remains to be seen is whether the stock now break this upward moving channel and manages to trade above it.

Considering the volume action it is quite possible the stock can well break above these levels. The stock is also getting ex-dividend on the 23^rd of august, the dividend per share is Rs 2.5

Considering the above price action it is advisable to wait for the stock to move in either direction to take a call on the same….i.e either accumulate the stock on fall or buy it once it crosses and maintains the Rs.115 levels

On a Fundamental level as well J.K tyre Chennai Capacity has come in this qaurter which is going to add to the bottom line of the company, also the Natural rubber prices which is a key raw material for Tyre companies have come down drastically helping them in the process........

Weekly Charts: Ceat

Another tyre stock that looks promising at the moment is CEAT, it has been forming an Inverted head & shoulder pattern and a close above the Rs.115 levels will give the confirmation.

Once the Breakout is achieved the stock can give upward targets to rs.160 levels. This both stocks have the potential of becoming multi bagger stocks. The time target would be the same approximately 27 weeks of time.

 

But one should wait for the stock to close above the Rs.115 levels on weekly closing basis and then enter the stock.

Ambuja Cement: "Is cement mai Jan Hai" Targets of Rs.216

Ambuja Cement has broken out of Inverted Head & Shoulder pattern, and the stock is now at Rs.192 levels.

On the Breakout from these levels, the stock has a target of Rs.210 an approximate rise of 10% from the current levels. The Stop loss of the stock is at Rs.178 on daily closing basis.

The advise would be enter into the stock once it gives a correction from the current levels of Rs.192 to Rs.185 odd levels. This in turn will also maximize the return on your investments.

On the Weekly charts as well the stock has made similar pattern and the break out has been achieved at least 2 weeks before ( I apologise for posting this a bit late...but still it will give u opportunities to make money.) 

The time target for the targets to be achieved would be within 2 months from now i.e prior to October 10 the target should be achieved.

The additional comfort in the stock is. it is a "A" group stock. So relative safety element is definately there in the stock.

I Hope you will be able to make Handsome returns from the stock. Till then Happy investing and Remember Follow the stop loss strictly to avoid capital erosion.

" JM FINANCIAL" A Penny Stock...which can give returns in Many

This post is on request of one of my dear friend, who wanted to invest in a stock of close to Rs.10

So i came out with this idea of JM financial, which is consolidating at the current levels and is about to give a breakout very soon. The Stock is forming a Ascending triangle formation, which is a bullish pattern.

At present the stock is at Rs 13.45 my advise would be enter into the stock close to Rs.12.80 and Rs. 12.60 that is where the stock should find support at the lower levels.

Interesting about the stock is at the current price levels it has a dividend yield of  5% (i.e 0.60 paise) the stock went ex-dividend of 1st August.

At the price levels of Rs. 12.80 the stock can be entered into with a price target of minimum of rs.14 first and then one can good partial profit at those levels if one wants to and can book full profits at Rs.16 the stop loss in the stock should be Rs. 12 on daily closing basis

Till then Keep investing and remember Trend is your best friend.

Dishman Pharma...Targets of Rs.90

Dishman pharmaceuticals has made a nice chart setup.....On the
Weekly charts the stock looks very attractive and after giving a breakout with huge volumes this week.

The stock is currently at Rs.80 and u can expect a price levels of Rs.90 in the stock within a short span of time. although the entry is certainly at a higher level, but the advise would be to enter the stock in a staggered manner rather than entering at one go.

For example 30% quantity can be bought at the current levels and the remaining can be bought at levels of Rs. 77 and Rs.74. So as to gain the maximum profit. The Stop loss for the stock would be Rs.70 on weekly closing basis

The time target would be 3 weeks that is by the end of August the target should be achieved in the stock.

Till then Keep visiting the blog for more interesting stock ideas.....Your comments are very much appreciated.
 

Sterlite Industries...Double Bottom formation

Sterlite Industries has made a Double bottom formation the last week on the Weekly Charts and the stock has moved sharply giving returns of more than 15%  (105.55-88.4) in just 2 weeks time.


The Stock has also given a channel breakout last week and the stock has closed at Rs.99.9 levels the stock can be bought at the current levels with a stop loss on weekly closing basis of Rs.95.00 levels., with a price target of Rs. 138 levels


The Stock also is at oversold levels at the current price levels.


This could be a good investment bet as well from a long term investor's point of view as well. The Stock is also a good dividend paying stock with a healthy dividend payment track record as well.

This is High Beta stock and with the equity markets looking good in the near term the stock can well give good returns from the current price levels.


The Stock is available at good valuations at the current levels and the risk to reward ratio also seems to be very attractive, the target could be achieved within 2 months from now i.e near to 13th of August.

Nifty Buy on Dips.....Long term uptrend ...

1)       Nifty from Dec 2010 to the whole of 2011 has made a series of lower tops and lower bottom.

2)       During the month of January 2012 nifty has started making Higher highs and lower bottoms. (Brown Line)

3)       If we do a Elliot wave analysis as well, the second wave should be over yesterday (Intermediate down trend). The Nifty has retraced more than  38.2% and close to 50% retracement levels of 5070 (5135 being the low), also the Nifty has found support on the Falling trend line (earlier resistance now support)

4)       So Wave 1 and Wave 2 are over and as per the rule of elliot wave Wave 3 is always higher than the 1^st wave, in short the up move that we will witness this time around should be more than 1000 point rally on nifty (5135+1200=6335) this is the minimum that is expected in the third rally.

5)       On the Weekly Charts the Nifty has formed Hammer pattern and if we open above 5295 on Monday the third Wave will start, also a break above 5600 will also mean continuity of the Elliot waves

Regards,

Gaurav Jogani

Lanco Infratech, a Good buy at the current Levels

Hello, Every one, its been probably my first time i am giving a Buy Call on any particular stock. This time the stock that i have chosen is Lanco Infratech.

The Stock has been beaten down badly from the High of Rs.75 in Sept. 2010 and the lows it registered very recently 8.30 paise odd, but the stock has recently seen very good volumes and the stock has been seen accumulating at these levels, the stock will have a target of Rs. 21 after it broken out of resistance with good volumes on the Weekly chart and was able to sustain these levels.

The Stock should be traded with a Stop loss of Rs.13.9 on Daily closing basis and 15.5 on weekly closing basis.

The Risk reward Ratio is quiet favorable at the Current Market price of Rs.16.15 .

Till then Happy investing and follow your stop losses strictly.