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

 Vedanta is completing a Cup and Handle pattern which is considered to be a most profitable pattern for the long term, it is considered by many as a doubler , once it crosses 141.5 convincingly, Vedanta will move to 400-425 Range.
A strict stop loss of 295 should be considered.

 Suditi Industries has given a break out from a flagpole pattern. Target could be 120-130 Range with a stop loss of 70 on a weekly closing basis.

 Orchid Pharma has given a break out above Downward channel trendline,Orchid Pharma has respected this trendline few time in last 2 year. The volumes were also good with RSI well above 50 which is Positive for stock movement.

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. 

If you have liked my post please follow me on Twitter Handle - @RD4ValueInvest and Subscribe to my blog.