Stocks on Radar - Uttam Galva Steels, Amal Ltd, Capital first, FirstSource

Keep these stocks on your radar for next week, All of these have break out setup.

Amal Ltd

 Capital First -

FirstSource Ltd

Uttam Galva Steel

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.



Usha Martin Cup and Handle Breakout

Usha Martin

Stock on Radar : Diamond Power, Sumeet Industries, welspun Corp

Diamond Power and Infra

#DiamondPower has broken from a downward trend line with huge volumes. SL 21 Target 31, 58. Retweet to get more.

Sumeet Industries

#SumeetIndustries buy now at CMP SL 28 Target 59.

Welspun Corp

#WelspunCorp completing a cup and Handle Pattern along with multiple year resistance. Have fun above 160 SL 132 Target 275 within 6-8 Months.




Note: All these Tweets were published on Twitter. Follow me @rd4ValueInvest. Going forward I will try to add fundamental data to my posting on blog along with Technical.
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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. 

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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

Hanung Toys - retraced from down trendline. One can add it in range of 4.25 with strict SL of 3.9

Ashiana Housing CMP 183 - Can rake in money

A good accumulation is happening in Ashiana Housing around 180 levels. On 20th of December SBI mutal fund bought 1.7% stake in Ashiana Housing. I feel this stock is grossly underown. On Valuation front it looks fairly valued and can get re-rated in next couple of quarters based on Government focus on low cost housing theme.

Technically price consolidatation is happening in the range of 165 and 184 from last 20 weeks or so. Ashiana needs to break 185 with Volumes to resume the uptrend. It can reach first target of 213 and subseqent target of 290 in next 2-3 weeks and 3 months respectively.

Note: I reserve the rights to be wrong! take advice from your financial advisor before investing.

Technical Chart - Prime Focus a multibagger in making

After a long break from my blog, Let us focus on my next pick from Movies and entertainment sector.
Prime Focus Ltd CMP 115 has broken on a weekly chart after a sideways consolidation of almost 9 months. It was moving in range of 90 to 115. One can buy Prime Focus once it gives a confirmation by trading above 116 for an hour, a strict stop loss of 107 should be considered to cut down the position on a closing basis for an initial Target of 165 and 200 in next 3 and 6 months respectively. CMP is clsoing price on 22nd of December 2017



Fundamentally, Prime focus looks good having fair valuation with Positive financial Trend having good last couple of Quarters.

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