Technical overbought: Supreme Ind. Share price 1182. Target 1160. SL 1205.
Stock will slowly move down towards 1160-1140 in 2 sessions.
Stock can even correct towards 1080 in a week.
Stock has rallied 27% in last 3 weeks and looks overbought.
Being bullish stock will take good support at 1160-1140 and 1120.
Review of Oversold call: Target Hit in Deepak Nitrate at 218. Book Profits. Stock should move above 220 and consolidate 218-225 to move forwards towards 240 in 2 weeks.
Oversold Stock: Deepak Nitrate. Buy Above 212. Target 218-220. SL 207.5.
Oversold Stock: Deepak Nitrate. Buy Above 212. Target 218-220. SL 207.5. Share price 208.
Reward/ Risk = 3/2. Probability >60%.
Update on Oversold stock Graphite India. Good Reversal signals. Target 800. Stock Price 776. SL 750. 2 sessions.
Dips towards 765 can be used to average.
Risk Rewards ratio 1:1. Probability is >70%.
Stock will pullback towards 850 in 2 weeks.
Varun Beverages hits target of 740. Stock will consolidate between 715-760 and make fresh 52 week highs in coming weeks.
Graphite buy call was not triggered on Friday.
Stock looks very oversold at 795. Buy Above 805. Target 830 and 850 in less than a week and target 890 in a month. SL 765.
Technically oversold. Varun Beverages. Share price 703. Target 740. SL 682.
[Technically Oversold] Graphite India Share price 828. Target 860 & 900.
[Technically Oversold] Graphite India Share price 828. Target 860 & 900. SL 808. 2 weeks.
Buy above 835. Immediate pullback towards 855-860 in less than 2 sessions has more than 75% probability.
Earlier [Technically Oversold] call:
Technically oversold. Varun Beverages. Share price 703. Target 740. SL 682.
| Large Cap | Weightage |
| HDFC Bank | 5 |
| Indus Ind Bank | 4 |
| Kotak Mahindra Bank | 4 |
| Reliance Ind | 10 |
| Asian paints | 7 |
| M&M | 7 |
| ITC | 6 |
| HUL | 6 |
| Ultratech Cement | 8 |
| JSW Steel | 7 |
| L&T | 7 |
| Bajaj Finserv | 5 |
| UPL | 5 |
| Powergrid | 5 |
| Tech Mahindra | 7 |
| Wipro | 7 |
| Total | 100 |
| Mid Cap 100 | Weightage |
| Balkrishna Ind | 4 |
| PI Ind | 4 |
| Escorts | 4 |
| MRPL | 4 |
| L&T Info tech | 4 |
| Ramco Cement | 4 |
| SRF | 3 |
| Exide Ind | 4 |
| V Guard | 4 |
| Coromandel Inter | 4 |
| Cummins | 4 |
| Voltas | 4 |
| TVS Motors | 4 |
| Berger Paints | 4 |
| Torrent Pharma | 3 |
| Divis Labs | 3 |
| Jubliant life | 3 |
| IGL | 4 |
| Castrol | 4 |
| Aditya Birla Fashion | 4 |
| CG Consumer | 4 |
| Endurance Tech | 4 |
| Indian Hotels | 4 |
| Torrent Power | 4 |
| NBCC | 4 |
| Tata Chemicals | 4 |
| Total | 100 |
| Small cap 100 | Weightage |
| GNFC | 3 |
| Chambal Fertilizers | 3 |
| Kajaria ceramics | 3 |
| JK Lakshmi Cement | 4 |
| Ceat | 4 |
| Raymonds | 3 |
| Tata Elxi | 3 |
| PNC Infra tech | 4 |
| SH Kelkar | 4 |
| Century Plyboard | 4 |
| Godfrey Phillip | 4 |
| Rallis India | 4 |
| Delta Corp | 4 |
| Omaxe | 4 |
| Ipca Labs | 4 |
| Venkys | 4 |
| VIP Ind | 3 |
| Kalpataru Power | 4 |
| Atul | 3 |
| DCB Bank | 4 |
| Gujrat Alkali | 3 |
| Trident | 3 |
| Galaxy Surfacta | 4 |
| Persistant | 3 |
| Himatsingka Sei | 4 |
| Cyient | 3 |
| KEC Inter | 4 |
| Himadri Spl | 3 |
| Total | 100 |
| Lubricants | Price | Price to Earnings | Price to Book | Target | Target 2 | Support | SL |
| Castrol | 153 | 22 | 15 | 180 | 220 | 140 | 135 |
| Gulf oil lube | 815 | 25 | 8.6 | 960 | 1050 | 740 | 690 |
| Tide water oil | 5460 | 18 | 3 | 6500 | 8000 | 5000 | 4800 |
Stock can immediately move towards 165 and 170 but will face resistance going forward. It would take time to move towards 180 and 220. We see the targets hits in 6 months and 1 year provided Crude stays below $60. Mutual fund holding in the stock are at the highest levels and the stock has good support at 140.
Stock had found good support on 200 EMA on weekly charts at 700-750. Stock has good support in this region. With Crude prices easing and with good growth potential in the stock, stock can rally towards 960 and 1050 within a year. Mutual funds are increasing stake in the company lately. Both Gulf oil lube and castrol are cash rich debt free company.
Fundamentally strong and cheap in valuation. Tide water oil is a good buy for long term. Dont see much downside in the stock during correction. Stock has good support between 4800 and 5000. Stock can move towards 6500 and 8000 in 6 months provided the crude stays below $60.
Stock looks good for a 1000 in a year, add on any dips towards 660-690. SL 600.
Technically oversold. Varun Beverages. Share price 703. Target 740. SL 682. 2 weeks.
Stock can immediately pullback towards 715-725 in next 2 sessions.
Vardhman Textiles Looks good for long term. Share price 1075. Target 1400. SL 950. Add on dips towards 1020-1040.
Stock is available below 10x earning and close to book price. Stock has strong profitability ratio and good growth is seen. Technically stock has taken good support in weekly charts and has resistance in daily charts on the upside.
Stock is considered cheap and can be added for a target of 1200 and 1400 in less than a year. Stock is seen between 2100-2400 in 2-3 years.
| Power distribution | Price | Trailing PE | Price to Book | Target | Support | SL |
| KEC | 301 | 15.7 | 3.88 | 380 | 270 | 240 |
| GE TD India | 250 | 27 | 5.5 | |||
| GE Power India | 840 | 7 | 1000 | 800 | 780 | |
| Kalpataru | 382 | 16.6 | 2 | 500 | 340-350 | 330 |
| voltamp | 1100 | 15 | 1.79 | 1300 | 1050 | 980 |
Stock is fundamentally good and has given a strong rally last year. Now the stock is consolidating well and is poised for a big up move. With strong fundamentals and available below Price to Book of 4, we like the stock for a target of 380 in less than a year. We see support at 280 and minor resistance at 315-320 on daily charts. Above 330, We can see the stock move comfortably towards 380 and 450. SL 240. There is minor increase in stake by promoters and strong buying by mutual funds is seen.
With good growth outlook & stronger Margin% among its peers, this zero debt company with good cash in hand is attracting lots of fund managers and is technically bullish on daily charts and is finding good support between 780-800. We like the stock for a target of 940 and 1000 and can be held for even long term with SL of 780. Stock trades at Price to Book of 7. As long as the stock keeps hitting fresh 52 week high every quarter or half yearly and trades above 780, we are not worried about the Price to Book.
Fundamentally good stock available at good valuation of Price to Book close to 2 is a good buy. Decent profitability ratio and good growth with decent valuations attract lots of fund managers and the stock is poised for a target of 500 in 6 month- 12 month. Strong support is seen at 350. Short term charts suggest a pullback towards 375 in less than week. Have a SL of 330.
Stock has good profitability ratio and is available at good valuations. Dont miss a chance to add the stock when it is available during market correction. Recent pullback from 950 to 1100 has put the stock in strong up move. Minor corrections are expected towards 1030-1050, which can be used to buy the stock for short term targets of 1200 and 1300. SL 980.
We would like to wait and watch GE T&D India and Adani Transmission.
Enter GE Power India. Share price 830. Target 940. SL 790. 3 months.
Enter Sterling tools. Share price 350. Target 450. 1 year. SL 280. Add more on dip towards 320-330.
BSE: 530759|NSE: STERTOOLS.
You can hold this stock for long term in your portfolio.
With breathing space in Metals and Autos. Nifty will hit fresh 52 week high.
We are strongly bullish in FMGC, IT and Banking sectors.
Pharma, Auto, Metals are bearish and are oversold, they carry good breathing space on the upside to allow NIFTY hit fresh 52 week high in a month.
We also see the broader market move 3-5% up in a month.
Enter IG Petrochemical 420. Target 540 & 630. 3 months and 1 year respectively. SL 340.
Add on dips towards 380-390.
Fundamentally strong chemical stock available at a valuable price.
Technically stock is bearish on daily charts and taking support in weekly charts at 200 EMA.
200 EMA on daily charts is at 500. We see the stock rally towards 500-540 above 440. Facing resistance between 500-540. Stock will move swiftly towards 630 and 750 above 550 in less than a year.
Keep vigilant on upcoming quarterly results.
Bullish on Technocraft Industries. Share price: 570. Target 700. SL 490. Support is seen at 530-540.
One of the fundamentally strong stock in Steel- Medium & small sector. Technically is bullish on both daily and weekly charts. Results are good and the outlook is good.
This content is Priority Members Exclusive. Analysis includes fundamentally strong stocks in the Paper industry.
| Stock | Price | Price to Earning | Price to Book | Rating |
| Astron Paper | 110 | 21 | 4 | Hold |
| International Paper APPM | 454 | 13 | 3 | Hold |
| JK paper | 158 | 8 | 1.7 | Buy |
| NR Agarwal Ind | 450 | 7.2 | 3.4 | Buy on dips |
| Ruchira Papers | 140 | 8.8 | 1.8 | Buy on dips |
| Shreyans Ind | 152 | 6 | 1.36 | Buy on dips |
| West coast paper | 315 | 7 | 2.4 | Buy |
| Sesashree Paper | 1128 | 9.24 | 2 | Hold |
Update on Suven Life Science. Exit stock. Quarterly results below par. We would recommend you to switch to Alembic Pharma: Share price 620. Target 750. 3 months. SL 550. Add on dips towards 580-590.
Reference call:
Re-enter Suven on dips towards 245. Target 310. SL 225. 3 months.
Strong Results from Alembic Pharma. Share price 620. Target 750. 3 months. SL 550. Add on dips towards 580-590.
Stock is technically well placed and is bullish on both short and long term charts. One more good result will take the stock to 900 in less than 9 months.
Decent increase in stake by mutual funds in last 6 months.
KNR Constructions looks attractive for long term. Share price 190.
Stock is fundamentally strong and has had normal quarterly results.
Stock is finding support at 200 EMA in weekly charts at 170-180. Have a SL of 160 and accumulate on dips for long term. Mutual funds have seen accumulating the stock to their portfolio.
Stock can test resistance at 240 in less than 6 months due to 200 EMA on daily charts. Above 250, stock will move towards 300 and 330 in less than 18 months.
We will review the sector as a whole sooner.
| Stocks | Price | Trailing PE | Price to Book | |
| AIA Engg | 1660 | 32 | 5.2 | Hold |
| Alicon Cast | 615 | 17.4 | 3.4 | Hold |
| Invest & Precision | 300 | 17.8 | 2.25 | Buy |
| MM Forge | 633 | 18.3 | 4.09 | Buy |
| National Fitting | 163 | 16.6 | 4 | Buy |
| Ramkrishna Forge | 520 | 13.86 | 2.24 | Buy |
| Pradeep Metals | 77 | 12 | 2.5 | Buy |
| Nelcast | 74 | 14.7 | 1.75 | Buy |
Stock is range bound 1450-1800. Good to see stock being bullish on daily charts even during market volatility. Long term support is at 1250-1300, where we find the stock attractive for long term. For short term, on can buy the stock on dips towards 1450-1500 for a target of 1750 and 1900. We see the stock trade at 2500 in a year.
Stock is good fundamentally and can test 660 and 720. It has strong support at 550. We have a hold recommendation in Alicon Castalloy.
Stock is good fundamentally and is down technically. Support is seen at 260-270 on weekly charts and resistance is seen at 350 on the upside due to daily charts 200 EMA.
We recommend to add stock on dips towards 260-275. Target 350 and 400 in 6-12 month and less than 18 months respectively. Stock trades at 2.25 x book and looks attractive for both short term and long term. Stock has also have a good quarterly result. (3%: Dont add more than 3% of your portfolio.)
Stock is fundamentally strong and technically strong. We see the stock at 720 in 3-6 months and 880 in less than a year. Mutual funds are aggressively adding the stock to their portfolio in recent quarters. Stock has good Margin % and ROE% and a good earning yield. Stock is consolidating at a Price to Book of 4. We see the stock rally towards 880 in less than a year. Time is very conservatively stated. (5-6%: Stock can be added upto 5-6% of your portfolio.)
Stock is Fundamentally strong with good Margin%, ROE% and ROCE%. Technically stock is taking support at 200 EMA in weekly charts closer to 150-160. Stock faces resistance at 175-185 due to 200 EMA on daily charts. Stock trades at 4x book and has a PE of 16.4. We see the stock rally towards 215 and 250 as it moves above 190 in 6 months and 1 year respectively. We have a SL of 140. (3%: Stock can be added only upto 3% of your portfolio.)
Stock is Fundamentally good with good Margin% and ROE%. Stock trades at a PE of 13.8 and Price to Book of 2.24. Valuations are attractive. Mutual funds are increasing stock to their portfolio in recent quarters. Technically stock is finding support at 200 EMA of weekly charts and shall face resistance at 550-570 on upside due to 200 EMA of daily charts. We see the stock go past the resistance and hit our target of 720 in less than a year. (4%: Stock can be added upto 4% of your portfolio.)
We like both Pradeep metals and Nelcast. Pradeep metals being low market cap stock, we do not recommend to hold more than 1% of your total portfolio value, you can also avoid it. Nelcast is seen Promoters increase the stake and we are happy to hold it for a target of 105 and with a SL of 60.
Update on Priority Stock P-14. Revised Target & SL. View on Recent quarter.
We had review 21 stocks from Auto Ancillaries and We have 11 stocks with Buy rating.
| Stock | Price | PE ratio | Price to Book |
| Auto axle | 1365 | 18 | 4.6 |
| Banco | 170 | 9.7 | 1.5 |
| Bosch | 18500 | 36 | 5.6 |
| Federal Mogul | 427 | 28.4 | 3.6 |
| FIEM | 574 | 13.7 | 1.69 |
| India Nippon | 430 | 18.35 | 2.8 |
| Jamna Auto | 66 | 17 | 6.2 |
| LG Balakrishna | 403 | 13.3 | 2.3 |
| Lumax Auto Tec | 200 | 22 | 2.83 |
| Lumax Indus | 1682 | 20 | 4.3 |
| Minda Corp | 136 | 19.6 | 4.2 |
| Minda Ind | 330 | 25.6 | 6.8 |
| Motherson Sumi | 167 | 31 | 4 |
| Munjal Auto | 59 | 16.2 | 2 |
| Munjal Showa | 175 | 9.2 | 1.1 |
| PPAP | 371 | 12.2 | 1.93 |
| Sharda Motors | 1524 | 11 | 2.6 |
| Subros | 268 | 20 | 4 |
| Suprajit Engg | 213 | 21.7 | 4.5 |
| Wabco | 6500 | 40 | 8 |
| Wheels | 974 | 32 | 4.5 |
Review on Plastics. Technically weak sector. Bargain for long term?
Recently going through stocks in Plastic sector, i found 8 interesting stocks to review and i found them quite good for long term. Most of the stocks saw increase in stake by either promoters or Mutual funds or both in last quarter. With good growth seen in the future, Will the stocks be able to pullback and break resistance at higher prices?
| Stock | Price | Trailing PE | Price to Book | Rating | Target 1 | Target 2 | SL |
| Supreme Ind | 996 | 24 | 6.6 | Buy | 1125 | 1300 | 870 |
| Wimplast | 729 | 20 | 3 | Buy | 1000 | 660 | |
| nilkamal | 1540 | 18.8 | 2.88 | Buy | 1700 | 1950 | 1300 |
| mold-tek pack | 270 | 25 | 4.3 | Buy | 310 | 360 | 240 |
| multibase | 469 | 31 | 7 | Hold | 520 | ||
| cosmos | 225 | 7.9 | 0.7 | Buy | 320 | 180 | |
| Mayur | 400 | 20 | 4 | Hold | 450 | ||
| Plastibends | 210 | 15.2 | 2.2 | Buy | 258 | 310 | 177 |
Decent correction from 52 week high for the stock. We are not happy with the price to book at 6.6, but considering the growth prospective and good . We will valuate the stock to have a PE of 30. At 30x annualized recent quarter EPS, our target is close to 1080-1120 in 3 months. Technically the stock will face resistance at 1120-1150 in the upside.We see the stock at 1500 in less than 18 months. We have seen Mutual funds increasing stake in the company.
Wimplast is another stock that has almost come down 50% from 52 week high. Recent quarterly results were not that good. Stock is technically weak on both daily and weekly charts, but has a good chance to pullback towards 950 and 1000. Stock is trading at trailing PE of 20 and Price to book is at 3. Mutual funds have seen increasing stake in the company. Any good results will help the stock move towards 1000. We expect this to happen in 6 months.
Nilkamal with Trailing PE of 18 and Price to book of 2.88 looks good for long term accumulation. Stock is testing crucial support at 1500-1530. It can slip towards 1300-1330 technically below that. We like the stock for long term. We have a target of 1700 and 1950 in 6 months and 1 year respectively. We have seen Mutual funds increase stake in the company in last 3-6 months.
Mold-tek Packaging is another fundamentally good stock. We like the stock at 270. Stock trades at 25x earnings and 4.3x book. Stock is finding good support on weekly charts at 250-270. You can accumulate here for a target of 310 and 360 in 3 months and 1 year respectively. Stock will find resistance at 310-325 due to 200 EMA on daily technical chart. Above 310-325, stock can rally to 360 easily. We have seen Mutual Funds increase the stake in last 3- 6 months.
You can hold or reduce Multibase for next 3 months. A fundamentally strong company as posted below par quarterly results. We would wait for a technical entry at oversold levels or wait for a good quarterly result to enter the stock. Stock trades at 31x trailing EPS and 7 times book.
Cosmos Films trades at 8x EPS and 0.7 x book. Stock is beaten down technically. We have seen Promoters increase the stake in last 3 months. Recent quarterly results has been good. The current ratio is less than 1 and is concern. It can cause the company to show irregular profits in quarterly results and also makes it difficult to evaluate a company on a smooth basis. We expect the stock has bottomed out and should pullback towards 260 and 320 in a year. Its a risky bet against the moving averages.
Mayur Uniquoters is a fundamentally strong stock quoting at 25x Trailing EPS and 4 times book. Recent quarterly result has been decent and we expect strong growth in the company. Since Mutual funds has reduced stake in the company while increasing stake in other stocks, we would like wait and watch for better results and technicals.
Plastiblends is a good value stock compared to its peers. Stock is trading at 15x trailing EPS and 2.2 times book. Stock has good recent quarter. Promoters have increased stake and DSP Blackrock mutual funds are buying this stock for last 6 months. Technically stock is taking good support of 200 EMA in weekly charts and has resistance at 215-225 on daily charts. Above 225, stock will comfortably move towards 258 and 310 in 3 months and within 1 year respectively.
Most of the stocks seems to be technically weak. Considering the Fundamental strength and growth of the stocks, increasing stake of Supreme Ind, Nilkamal, Mold-teck packaging & Plastiblends would be considered wise. Cosmos Films will be our value and contra pick. Wimplast can be bought for a short term pullback.
Enter Apar Industries. Share price 618. Target 720 and 800. SL 540. Add on dips towards 580-590. Time: 3 months and 1 year respectively.
Strong increase in stake by mutual funds and fundamentally good company to hold for long term.
| Stocks | 29/11/2018 | Target 1 | Target 2 | Support | SL | PE | Price to Book | |
| GTPL Hathway | 87 | 115 | 78 | 70 | 18 | 1.4 | Buy on dips | |
| Sun TV | 594 | 780 | 550 | 530 | 17.7 | 5 | Buy | |
| Zee Ent | 491 | 520 | 37 | 6 | Hold | |||
| Jagran Prakash | 114 | 132 | 149 | 105 | 98 | 12 | 1.5 | Buy |
| Inox Leisure | 210 | 250 | 300 | 190 | 185 | 17 | 2.9 | Buy |
| PVR | 1450 | 1650 | 1360 | 1220 | 48 | 6.3 | Hold | |
| Saregama | 570 | 730 | 860 | 480 | 440 | 21 | 2.58 | Buy |
| Shemaroo Ent | 462 | 560 | 400 | 360 | 15 | 2.56 | Buy | |
| TV Today Network | 382 | 350 | 340 | 16 | 3.15 | Hold | ||
| UFO Movies | 270 | 350 | 13.5 | 1.6 | Hold | |||
| Music Broadcast | 330 | 400 | 320 | 310 | 33.88 | 3.11 | Hold | |
| DB Corp | 177 | 250 | 11 | 1.6 | Hold |
The Indian Media and Entertainment (M&E) industry is a sunrise sector for the economy and is making high growth strides. Proving its resilience to the world, the Indian M&E industry is on the cusp of a strong phase of growth, backed by rising consumer demand and improving advertising revenues. Know more here.
Promoters have increased stake and we expect the stock to pullback towards 200 EMA close to 110-115 in 3 months.
Increase in stake by Mutual funds and good growth seen forward; stock is available at good valuation. We expect the stock to pullback to 780 in 3 months. Stock also has good support at 550.
Strong increase in stake by Mutual funds in last quarter and stock is available at good discount compared to PVR and has good support at 190-200. Stock can go towards 250 in 3 months and 300 in a year.
Good product line and good growth in last few years are positive for the stock. Stock can be added on dips towards 500-530 for a target of 730. SL 440. 1 year.
Strong recent quarterly results will move Shemaroo Entertainment to 560. Stock is available at good discount price among peers. Any dips towards 400-420 can be used to add more stocks. SL 360. Target 560. 6 months.
Earlier call on Shemaroo:
Buy Shemaroo Ent shares on dips towards 400. Target 500. SL 360. 1 year.
PVR is range bound 1300-1600. Zee entertainment looks expensive. TV today Network did not have a good quarter. UFO Movies and DB corp are at 5 years low and has no support on down side, We would like them and any good quarterly result in coming months.
Music Broadcast looks expensive at with a PE of 34. Technically we like the stock above 350 for a target of 400 with SL of 320.
Average Trailing PE ratio of media and Entertainment stocks are close to 18 and it is due to the correction in the broad market. We would consider a PE ratio of 22-25 to be normal. Without considering Growth and results, stocks are 20% undervalued. Adding growth in EPS and Decent fundamentals we see the sector to be 30-40% undervalued.
You would also like to view:
Top stocks to buy & Invest in 2018 & early 2019 for long term in India.
10 Chemical Stocks to buy in November 2018 after recent results
Strong Results: Vindhya Telelink. Share price 1915; Target 2500. SL 1550. Hold and Add on dips towards 1700-1750. 6 months.
Earlier call:
Update on Vindhya Telelink. Stock can slip into accumulation zone.
Lessons learnt from Bitcoin crash in 2018. Live price: 3913 USD.
It is undeniably that everyone was so crazy on Bitcoin, even myself, during the monster rally in 2017.
Everyone wanted to hold a small portion of bitcoin. (I hold small quantity of bitcoin and other few altcoins myself).
We had Bitcoins in our radar. Due to the volatile nature of the Bitcoin, which could drown value of Purchase, we refrained ourself from giving recommendations.
Bitcoin is a digital currency; too much unregulated. But the Blockchain technology could do a revolution in years to come. Bitcoin on its own doesn’t create value like stock market. Still, you can buy Bitcoins at a price and sell for profits.
Looking for profits from such a market instrument using its momentum is called Speculation. When speculation happens, any product would skyrocket and create a bubble. Bubble captures the most greedy at its peak.
Should you sell or buy Bitcoin at current price. Since we have said investment in bitcoin is a speculation, we should always take help of technical charts to predict the price movement.
I would not add a recommendation to add or sell Bitcoin coin here. But I feel the Bitcoin would pullback atleast 30% of its recent losses and take a direction from there and it’s too early to write-off Bitcoin as an investment. We would add any recommendation on Bitcoin or other altcoins in our website dedicated for Bitcoins, www.silkbitcoin.com.
How should we apply the facts that occurs to bitcoin to the Indian Stock Market?
You can almost compare bitcoin crash to that of the crack in the Indian Broader Market.
1. Invest in quality stocks.
2. If you purchase a stock for short term gains without understanding its business, it’s speculation. Strictly use technical charts and best technical analysis method to determine the SL atleast.
3. Stocks can create wealth in long term if you really understand what moves a stock price.
4. It is always advised not to buy stock that are falling and not to sell while the stock rallies. Never settle for 10% or 20% returns until you know the hidden value in the stock.
5. Every stock pick is not a winner. choosing the right stock can be done. We should not expect every stock to be winner. We need to exit some stocks in losses and continue holding stocks in profits based on fundamental and technical facts. Averaging a falling stock just for the reason that it has fallen should not be done
6. It’s always better to invest than to speculate. Time should not be wasted in speculating until it’s really worth wasting. If you could work, accumulate and invest in stock, why do you really want to speculate and waste your time. Use your time wisely.
Comment below if you have Bitcoins. Share your thoughts on Bitcoin crash in 2018 and also help us improve our article by your worthy suggestions.
Share this article to your family members and friends.
View on Wockhardt Ltd. Share price 520. Technical charts not in favour.
Stock looks attractive at 1.8x Book, but the results are not so good. It would take a while for the company to post good results.
Technically, the stock is bearish on Daily and weekly charts. If you hold the stock, you can reduce on pullback rally towards 620 in short term and exit on pullback rally towards 770-800 in long term.
Stock will get too attractive at 400-430 for long term. On good results, the stock can rally towards 800 and 1000.
Enter Transpek Industries. Share price 1380. Target 1650. 22% upside.
Enter in the range of 1330-1350. SL 1220 on closing price of the day. Target 1650. 3 months. (exit stock before next quarter results.)
Decent revenue and profits in recent quarterly results and is technically well placed.
Update on JM Financials. Share price 86. Reduce on rally towards 115.
Stock has recently been hammered due the recent financial Crisis from 140 to 70. Stoploss was triggered at 115.
At 70-80 we liked the valuation of the stock. Anyone holding is advised to reduce the stock on rally towards 110-115 on technical reasons. Stock is taking 200 EMA support on weekly charts and is in pullback rally on its daily charts.
Immediate Rally towards 110-115 is seen and stock will face resistance at early support of 115.
Fundamentally, stock looks attractive at current price for long term. We have a target of 195 in 2-3 years time frame.
Earlier call:
Enter JM financials and L&T Finance Holding. 17% upside in each.
Update on Federal Bank. Share price: 80. Exit on rally towards 93-95. SL 75.
Stock look cheap on valuations. Stock can move towards 95 and 115 in 3 months and 1 year respectively.
However due to poor technical charts, the stock is recommended to be exited on rally towards 93-95.
Update will be given once, technical charts improve.
In private banks, we like
1. HDFC Bank
2. Indusind Bank
3. Kotak mahindra Bank
4. DCB
5. CUB
6. RBL bank
7. Bandhan Bank
Bullish: Varun Breverages. Share price: 768; Target 900; SL 690. 6 months.
Technically the stock is strong above its 50 EMA and 200 EMA. Any dips towards 720-735 is a good buy for a target of 900. Time Frame: 6 months to 1 year. SL 690.
Fundamentally, the stock has good growth in the future and the earnings can be easily seen going up. At 8x book and close to 45x trailing PE, the stocks growth is priced in.
Stock looks strong technically and can be accumulated on monthly basis until target is hit.
Update on Ashok Leyland; Share price: 109; Target 157; Time: 1 year; SL 97.5.
Technically on daily charts the stock is bearish and will find resistance at 125 in the upside. Stock has good Support at 100 on closing basis. Have a SL of 97.5 on Day Close price. Stock will pullback towards 115 and 123 in 2 weeks and 6 weeks respectively.
On weekly charts, the stock is in good accumulation zone for medium to long term investors. Stock is finding good support at 200 ema on weekly charts at 100. Accumulate for a target above 150 in 6 months to 1 year time frame. Below 95, the stock can test 80 technically. At 80, stock can be aggressively added to the portfolio.
Fundamentally, the stock is cheap and price looks attractive; accumulate for a target of 157 in a year.
Enter Deepak Nitrate; share price: 255-270; Target 330; SL 235. 6 months.
Decent results and technically looks strong for a good upmove.
Mphasis share price attractive at 940-970. Target 1400. 1 year. SL 870.
Recent dip from all time high has made the stock attractive to accumulate for long term. Stock can pullback to 1030-1070 in less than a month and can move towards 1400 in a year.
Atul above our target price. Results have been good. Hold for revised Target of 4000. 6 months. Buy on dip towards 3000. Stock Price 3363. SL 2800.
Reference call:
Bullish on Atul Ltd. Stock price: 2833. Target 3300. SL 2600.
Decent correction to Enter Hikal at 154. Target 190. SL 135. 3 months.
Stock has good support at 150. Any dip towards 120-125 can be used to accumulate for long term.
Strong Numbers from Trident. Share price 66. Target 92. SL 58. 3 months.
Stock is technically consolidating. Stock will turn bullish above 70. Add on dips towards 62-64.
Re-enter Suven Life science on dips towards 245. Target 310. SL 225. 3 months. 22% upside seen.
Earlier call on Suven:
Suven Life Science almost hits target. Revised Target 340. 6 months.
Enter Suven life science above 240. Target 290. SL 215. 3 months.
Fundamental and Technical Update on Priority Stock P-13. Accumulate at current price for an upside of 80% in 18 months or less.
We are briefing all the Priority stock based on recent technical charts and fundamentals. Check the link for updates.
Reference call:
Priority pick (P-13). Decent numbers & has enough room to be a multibagger.
Priority Pick 24. Stock Trades at only 8x Annualized recent quarterly EPS and also at less than 3 times book.
Recent market correction has made the stock pause its rally. A good time to enter this stock as its peers have not performed well in recent quarters, we see a potential upside of 100% in a year.
Decent dip from Zydus Wellness. Stock Looks oversold. Pullback likely.
Stock is trading at 1350. Stock is most likely to pullback towards 1540-1600.
Based on Daily moving average chart, the stock is taking support of 200 day EMA. (Exponential moving average)
Based on Ichimoku cloud charts on day and weekly candle the stock is likely to pull back to 1540-1600. Time frame 1 month.
Stock will face resistance at 1600-1640 in the upside. On the downside, have a SL of 1210. Add on dips towards 1270-1290. Exit on Death Cross too.
Priority Pick 23. Retail stock that can double your investment in 18 months.
Recent correction in the market has opened up space to accumulate good sound stocks for long term.
We would recommend our Priority members to add weightage in Priority stocks like
We also recommend our priority members to hold other Priority Stocks without any averaging at the current price.
Now we have Priority Pick 23. Retail stock that can double your investment in 18 months and is a good portfolio pick for long term. Stock is one of the cheapest Retail stock available.
Stocks are chosen based on action in stock Futures. Aggressive word represents that the volume traded was more than its average traded volume. New long or New short means that the ‘Open Interest’ for going long or short has increased with increase in price of the stock futures. Short cover or long cover means that the open interest has reduced with increase or decrease in price of stock futures respectively. Short cover also means people who were short (Bearish) on a stock are booking out of short positions taken in the stock.
| Aggressive New Long | Aggressive Long cover |
| SRF Ltd | Multi Commodity Exchange Of India Ltd |
| Grasim Industries Ltd | Dr. Reddys Laboratories Ltd |
| The South Indian Bank Ltd | United Breweries Ltd |
| Adani Power Ltd | – |
| Steel Authority Of India Ltd | – |
| Can Fin Homes Ltd | – |
| Aggressive New Short | Aggressive Short cover |
| NIIT Technologies Ltd | Just Dial Ltd |
| Tata Consultancy Services Ltd | Apollo Tyres Ltd |
| HCL Technologies Ltd | Reliance Infrastructure Ltd |
| Aurobindo Pharma Ltd | Bata India Ltd |
| Torrent Pharmaceuticals Ltd | Marico Ltd |
| Mindtree Ltd | Torrent Power Ltd |
Stocks are termed TECHNICAL BULLISH & BEARISH; TREND UP & TREND DOWN; OVER BOUGHT & OVER SOLD based on RSI Oscillator.
The Relative Strength Index (RSI), developed by J. Welles Wilder, is a momentum oscillator that measures the speed and change of price movements. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.
| RSI Bullish | RSI Trending up |
| Thomas Cook (India) Ltd | Atul Ltd |
| Future Consumer Ltd | DCB Bank Ltd |
| Eveready Industries (India) Ltd | PVR Ltd |
| Navkar Laboratories Ltd | Rain Industries Ltd |
| Maruti Suzuki India Ltd | Bharat Heavy Electricals Ltd |
| RSI Overbought | RSI Bearish |
| NLC India Ltd | – |
| – | – |
| – | – |
| – | – |
| – | – |
| RSI Trending Down | RSI Oversold |
| Gateway Distriparks Ltd | Central Bank Of India |
| Aurobindo Pharma Ltd | Bombay Dyeing & Manufacturing Company Ltd |
| – | 8K Miles Software Services Ltd |
| – | Blue Dart Express Ltd |
| – | Finolex Industries Ltd |
