This blog is all about Learning from Stock Market! All the analysis is for educational purpose only, I am not a SEBI registered analyst. So before taking any investment decision do your own analysis. I'll not be responsible for any loss arising out of any information, post or opinion appearing on this blog. Investors/traders are advised to consult financial consultant before acting on any such information or post.
Sunday, January 14, 2018
Pick of the week - Usha Martin
The Stock of Usha Martin ltd is currently Trading at 30.5. It 52-week high/Low Stands at 30.5/17.00. It is gradually moving up with Higher top and higher bottom pattern from last couple of years. However on a longer period chart the stock has formed a downward sloping channel pattern and gave a breakout at 25-26 range on both weekly and Monthly charts.
The breakout was supported by huge volumes and the 14-period RSI is quoting above 69 which is indicating a momentum on the stock price.
Last week, stock has breached a major resistance at 30 level, which is kind of cup and Handle pattern breakout. Going forward we may see a rally. Hence we recommend to BUY the scrip at CMP with Target of 45, 66 and 90 in Short, medium and long-term respectively with SL of 26.8.
The breakout was supported by huge volumes and the 14-period RSI is quoting above 69 which is indicating a momentum on the stock price.
Last week, stock has breached a major resistance at 30 level, which is kind of cup and Handle pattern breakout. Going forward we may see a rally. Hence we recommend to BUY the scrip at CMP with Target of 45, 66 and 90 in Short, medium and long-term respectively with SL of 26.8.
Usha Martin Cup and Handle Breakout |
Usha Martin |
Wednesday, January 10, 2018
Stock on Radar : Diamond Power, Sumeet Industries, welspun Corp
Diamond Power and Infra
Sumeet Industries
Welspun Corp
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Sunday, January 7, 2018
Stocks on Radar - TCI Finance, Vedanta, Suditi Ind, Orchid Pharma and Shah Alloys -8thJan
Friends, here are my 5 Pandvas for Week of 8th to start with, TCI Finance, Vedanta, Suditi Industries, Orchid Pharma, Shah Alloys
TCI Finance has given a break above 28.6 which was strong resistance zone. The stock has an immidiate target of 35 and then 50 Rupees in short term. Stop Loss of 21 should be considered on a closing basis.
TCI Finance |
A strict stop loss of 295 should be considered.
Orchid Pharma |
Shah Alloy has given a break out of Symmetrical Triangle pattern with Huge volumes. One can buy on CMP for a Target of 23 & 39 with Stop Loss of 18 on a weekly Closing basis.
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Monday, January 1, 2018
Stocks on Radar–NMDC, GTN Industries, Hanung Toys, Gammon Infra
NMDC a good breakout, if it holds can go to 240 in 6-8 weeks.
Gammon Infra- its make or break, if it manages to close above 4 with Volumes, it can go to 6 and 13.
GTN Industries - given a break out from Symmetrical Triangle, Can you to 24 and 33
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