Technical Chart : Responsive Industries - Flag Pole Breakout on weekly Chart

Responsive industries has broken from a Flag Pole pattern. if it holds 88, Stock can climb to 109 & 165.

Responsive Industries - breakout on weekly chart. 

Beaten down - Sniper stock

Last week shared a beaten down stock on a twitter handle. This stock is on a downward journey from last 6 years. However, we started accumulation in a sip mode from 7-8 rupees and sold it on 11 last November. But it was always on a radar. Last week it broke out from a multiyear resistance, I made a small position immediately. this beaten down stock can go to 40 in years time.

Here is a micro-cap has beaten down from last 5-6 years. Breaking out from Multiyear resistance once it crosses 13.5 for a target of 40 in 9-12 months. pic.twitter.com/PCVQbytvFM

— Raj (@rd4valueinvest) June 19, 2018

one can still buy this stock at cmp with a stop loss of  13 and Target of 22 and 40 for short and long term respectively. It can be accumulated on every dip to 50 MA for long-term if your horizon is a couple of years with appropriate stop loss. 

Friends updating my blog after a long time due to official engagements. I will try to post regularly i.e. at least weekly with few of my top picks. Last week could look into few charts with a good setup and shared those on my Twitter Handle. These selected stocks are based on two separate strategies, I will discuss those strategies in a few weeks time.

Tweet on June 11

keep an eye on #PVR for 1540, #CareRating for 1550, #Sail for 98 if it crosses 88.#Manali Petro once it crosses 50#HFCL , #FirstsourceSolutions & #Pfizer

— Raj (@rd4valueinvest) June 11, 2018

Tweet on June 12

Keep an eye on interesting chart patterns for medium to Long term. #UnitedBreweries for 1509#BestSteels for 190#NagreekaCapital & Infra for 75#ContainerCOrp for 1170 once it breaks 1305-1209 Range#Hikal breaking down from short-term HS Pattern for 220/200.

— Raj (@rd4valueinvest) June 12, 2018

 All these ideas are for Medium to Long Term, out of these 10-12 stocks, 2-3 might have multi-bagger returns, few might not move at all and few might give negative returns as well, no Onus. 

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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