Trading Stocks on technicals

some trading ideas

2016-08-26T13:11:00.003+05:30

some trading ideas

Vascon Engineerig - Made a good base around 32-33 levels, ready for upmove.

Cox and Kings - Made a good base around 180 levels. should cross 200 levels soon and then next target should be 230 levels

Cipla A buy

2011-03-22T11:22:00.001+05:30

I am watching Cipla over a Week it is taking a good support around 290 leves. I think Investors can buy at this level with 3-4 month view.

Regards,
Bhupesh

Ashok LeyLand - A potential Buy

2010-11-20T12:51:00.002+05:30

SCHEME NAME buy Oct '10 Sep '10
Asset Rs. Cr No. of share %
No. of share

Birla SL Dividend Yield (G) 683.80 1,465,299 1.62% 1,453,128
Birla Sun Life 95 Fund (G) 373.78 384,875 0.78% 355,431
Birla Sun Life MIP (G) 276.41 115,815 0.32% 113,284
Edelweiss Absolute Return Eqty (G) 44.24 36,186 0.62% 35,843
Edelweiss E.D.G.E. Top 100 -A (G) 19.13 18,423 0.73% 881
Edelweiss E.D.G.E. Top 100 -B (G) 19.13 18,423 0.73% 14,055
Edelweiss E.D.G.E. Top 100 -C (G) 19.13 18,423 0.73% 220
Edelweiss ELSS Fund (G) 0.80 1,292 1.22% 1,273
IDBI Nifty Junior Index Fund (G) 51.27 91,312 1.35% 32,062
L&T Multi-Cap Fund (G) 20.38 30,013 1.12% 30,000
L&T Tax Saver Fund (G) 31.99 45,149 1.07% 44,900
Morgan Stanley Growth (G) 1,903.72 3,527,741 1.40% 3,514,053
Taurus Infrastructure (G) 24.85 31,248 0.95% 29,973
Total 1,565.91 5,784,199 5,625,103

It has been bought by 17 schems last month that means there is some poteential buy. Buy it now for a good return of 20-30% in next 4-6 months

European Short term Update

2010-09-04T18:57:00.003+05:30

Regional equity markets have bought themselves some time for continuing the months-long
churning we’ve seen since the May lows. At times like these, it’s best to step back and understand what the
larger forces and waves at work are.

[France – CAC 40 Index]

It seems some kind of bottom formation or consolidation is coming to an end, but seeing the global sceanrion the rangebbound trend can continue for some time.. but Indicator sugeesst time to buy or start putting some money slowly and slowly.

Enjoy - Bhupesh

Quick-look-at-the-triangle-breakdown in Suzlon

2010-08-20T21:31:00.005+05:30

It had to happen – a price breakout down or a price breakout to the upside.
Let’s take a quick look at the intermediate-term price triangle that formed in Suzlon.

Keeping it simple, you can view it as an descending triangle or a price compression pattern. The implication is that price CANNOT remain trapped between the trendlines forever, as they are clearly converging.

There is goodd possibilty of testing the lows @ Rs. 40 . I think that is a very good support at this moment. Lets keep an aye on this..

Happy Investing..

Bhupesh

Updates

2010-08-12T11:34:00.002+05:30

Book Profit in Gati - Call Given @68

Hold SPARC

Hold S Kumars TGT 100.

Thanks.
Happy Investing!

BULL'S EYE - S Kumars

2010-08-06T13:26:00.000+05:30

S kumars Nationwide is making a higher high and higher low pattern, which means it is in uptrend. Recently it has a break out above Rs. 80 and made a 52 week high of Rs87.
But this is not done Yet. The uptrend is not yet over.
The undertone is still bullish.
My view is buy this @ current level of Rs. 83 with a SL of 79 for the TGt of 100.
Happy Investing.

SPARC - A buy Candidate

2010-07-25T11:27:00.003+05:30

(Click on Image to view full view)

Yesterday July 24th SPARC ( Sun Pharma Adv) has decalred its results and results are fantastic. Lets have a look at the daily charts of SPARC and see how it will unflod in future.

Fibononnaci Trendlines suggest that Upside is there and Near future target is around 116-120. But if it is able to cross that one and sustains above that 170 is also possible. It is good Pharma stock to have in your portfolio.

Happy Investing

Bhupesh

Gati - A buying oppoturnity

2010-07-08T22:57:00.002+05:30

Look at the weekly charts of Gati and Trendlines;

Gati has a got a very strong resistance around 70 levels which once it crosses can give good upside return of 20%..

Trendlines are forming some kind of triangle formation which is also about to breakout in upward direction with positiver MACD.

Watch out this space for more..

Bhupesh

Finolex Cables Ltd (FINCABLES:NSE)

2010-06-26T15:44:00.003+05:30

Event Details for: Symmetrical Continuation Triangle (Bullish)

Finolex Cables Ltd (FINCABLES:NSE)

A Symmetrical Continuation Triangle (Bullish) is considered a bullish signal, indicating that the current uptrend may continue. The formation occurs because prices are reaching both lower highs and higher lows. The Technical Event occurs when the price breaks out of the triangle formation to close above the upper (descending) trendline, thereby confirming the pattern.

Event Date: Jun 25, 2010
Opportunity Type: Intermediate-Term Bullish
Close Price: 49.95
Target Price Range: 61.00 - 64.00

Price Period: Daily
Volume: 374,257
Pattern Duration: 40 days
Inbound Trend Duration: 60 days

Time Technoplast Ltd

2010-06-24T10:25:00.002+05:30

Event Details for: Continuation Diamond (Bullish)

A Continuation Diamond (Bullish) is considered a bullish signal, indicating that the current uptrend may continue. Prices create higher highs and lower lows in a broadening pattern, then the trading range gradually narrows after the highs peak and the lows start trending upward. The Technical Event occurs when prices break upward out of the diamond formation to continue the prior uptrend, which confirms the pattern. More...
Event Date: Jun 17, 2010
Opportunity Type: Long-Term Bullish
Close Price: 52.50
Target Price Range: 64.00 - 67.00

Price Period: Daily
Volume: 592,042
Pattern Duration: 134 days
Inbound Trend Duration: 231 days

Fibonacci Retracement Reference Levels on the US Indexes

2010-03-11T12:04:00.002+05:30

I found this one interseting , i hope you can find it as well.

Please refer to http://blog.afraidtotrade.com/fibonacci-retracement-reference-levels-on-the-us-indexes/

Thanks,
Bhupesh

Update on Suzlon

2010-01-05T11:29:00.001+05:30

Suzlon wins 27 mw order from ITC
Published on Mon, Jan 04, 2010 at 11:25 Updated at Mon, Jan 04, 2010 at 15:19 Source : Reuters

Suzlon Energy said it has won orders for 27 mw of wind turbine capacity from hotel-to-cigarettes firm ITC. The order includes setting up, operating and maintaining two wind power projects in the western state of Maharashtra and the southern state of Karnataka.

Suzlon More Update

2009-12-10T14:08:00.000+05:30

Source : NSE
Suzlon Energy Limited has informed the Exchange regarding a press release dated December 09, 2009, titled "Suzlon wins 31.5 MW order with Rajasthan State Mines and Minerals Ltd.". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Suzlon Update

2009-11-27T10:48:00.001+05:30

Source : Money control

Repower has got a big order of 950 MW in canada for the period 2011 to 2015 -this is big news since it shows that financing is coming back - watch out for more such orders from North America after the copenhagen summit in december - I believe the worst is over and Repower acquisition may actually be a smart one in the long run

Danke..

RCF - a good buy for Medium Term

2009-11-25T11:09:00.002+05:30

RCF can be a good buy for medium to long term. Currently the share is tradin around 72. Try to buy it around 65 and once it break above 80, then 120 is also possible.

Thanks,
Bhupesh

Accumulate Unitech @ Every Dip

2009-11-01T11:05:00.002+05:30

Unitech Posted its results and they are not bad. Looking at the charts of unitech, it is standing very strong support zone of 78-82, which is also 150 DMA. Technically unitech compared to other real estate players looks good and traders or investors can start accumulating Unitech at every dip.

Keep a stoploss of Rs 68-70, then ride it towards Rs 89 and then Rs 96.

Another Triangle formation Observed (Moser Baer)

2009-10-06T21:42:00.003+05:30

Moser Baer still remains within a triangle consolidation pattern that has lasted at least since 2009 started, and now we’re seeing an even tighter triangle within the larger triangle. When will it ever end!? Soon, perhaps Let’s take a look at the current Moser Baer Daily Chart.

The boundaries have now contracted so we need to be watching the 95 and Rs. 85 prices for signs of a potential breakout one way or the other.
MACD suggests postive breakout for which intial target can be around 115 and then 140 is also possible.
Remeber , it is one of those stocks which is still trading at discount to Book Value of Rs. 100.

Use the Dip in the Market to Add this stock to your portfolio for a handsome return of 30%.

Enjoy Investing..

Thanks,
Bhupesh

Buy Suzlon Energy

2009-10-06T14:50:00.002+05:30

6 oct 09

Suzlon Energy Limited has informed the Exchange that "The signing of a repeat order for 57 MW with Ayen Enerji of Turkey. The order will be supplied with 27 units of Suzlon S88-2.1 MW turbine, to be installed at the Seferihisar and Mordogan projects in east Turkey."

Suzlon receives repeat order from China
July 8, 2009

• Repeat order for 40 units of S.64 1.25 MW turbine

• Consolidate its presence in China wind Energy market
Suzlon enters Bulgarian wind market
Monday, July 20, 2009

· Order to supply 12.6 MW through six Suzlon S88 2.1 MW wind
turbines
· First order with partner Technomash Bulgarian Industrial Group

We have seen such companies turning around very fast and the view getting changed, the classic example has been Wockhardt Pharma where we have seen share prices almost doubling or more than that. The moment you have seen some of the funds getting infuse or rather getting rescheduled, so same thing is expected to happen in case of Suzlon also.

The above orders tells that this Company is doing good and once the debt restructing is complete, the stock can get re rated aand can provide 40-50% of returns.

Adding the Interview of Suzlon's management:
http://www.moneycontrol.com/news/business/sales-to-be-skewed-towards-h2-fy10-suzlon-energy_418430-1.html

Channel formation in Astra Micro Wave

2009-10-03T19:15:00.002+05:30

Looking at the Weekly charts of Astra Micro Wave a niche player in Defence Sector, It seems there is some kind of channel is forming. Currently it is trading around 88, which according to channel is a very good support and a potential candidate for buy. Also 3/10 PPO is showing postive diverngence. Any good event can trigger this stock to 140 levels. Lets wait and watch.

Happy Investing...
Bhupesh

Chart for Mount Everest Minearal Water ( BSE Only)

2009-09-28T09:35:00.003+05:30

Water treatment listed on BSE only Mount Everest Mineral Water (MEMW) became a part of Tata Tea in 2007. The company bottles and sells natural mineral water under the brand name Himalayan, which is the only internationally accepted natural mineral water from India.

Tata Tea bought 14 lakh shares of Mount Everest in two separate transactions, according to the data available on the Bombay Stock Exchange. The total share purchase represents about 4.11 per cent stake, pushing Tata Tea`s total shareholding to 40.11 per cent .

As per chart, the share looks to be in some king of trading range and currently trading at lower end of range, a good level to buy.

enjoy the ride

Drink Water, Earn Money

2009-09-28T09:10:00.002+05:30

There is a shocker about water - in times of scarcity, the rich will buy and guard it, the poor will steal it and the middle class will fight and / or die for it !

India’s huge and growing population is putting a severe strain on all of the country’s natural resources. Most water sources are contaminated by sewage and agricultural runoff. India has made progress in the supply of safe water to its people, but gross disparity in coverage exists across the country. Although access to drinking water has improved, the World Bank estimates that 21% of communicable diseases in India are related to unsafe water. In India, diarrhea alone causes more than 1,600 deaths daily—the same as if eight 200-person jumbo-jets crashed to the ground each day. Hygiene practices also continue to be a problem in India
http://water.org/projects/india/

If this crisis gets out of hand, our lifestyles will suffer changes that we are not ready to make yet.
In this scenario of gloom and doom is there a ray of light somewhere ? Yes ! water purification companies that are suddenly likely to witness the next big boom. Companies like ion-exchange-(india),mount-everest-mineral-water, Parle (Bisleri), Pepsi and Coca Cola India will reap bonanzas that will stun investors. If the corporate governance in these companies is high and reporting of profits is fair, these will be the next big investment opportunities. There will be many downstream opportunities in the coming years, ancillary units that supply chemicals to purifying companies, make their plants and supply spares etc.

Water crisis looming in future: How to profit from it.. Think abt it...

Time for Correction ??

2009-09-15T23:53:00.000+05:30

Fiscal Deficit
Fiscal deficit for the first four months stands at 1,55,000 cr. At this rate the fiscal deficit target should be comfortably burst. A deficient monsoon is likely to add to the woes. Part of the deficit could be covered by disinvestment, but disinvestment is not a solution towards managing deficits. Disinvestment should be part of liberalization policy only, though it would help cover deficits a bit. As anybody would know, selling fixed assets for the purpose of raising working capital is not a sign of a vibrant company, similarly selling assets (PSUs) for the purpose of covering deficits does not indicate a vibrant govt. financial condition. If indeed fiscal deficit breaches the target of about 4 Lakh crore for this fiscal, expect trouble. Rating agencies may downgrade India, govt. may have to raise taxes and of course markets may react negatively.
The graph below shows the rise in fiscal deficit in absolute terms. Economists argue that fiscal deficit should be seen as a ratio of the GDP to see whether it is a cause for alarm or not. As a percentage of GDP fiscal deficit is targeted at 6.8% for the year, which is likely to be breached. But this figure is only for the central govt. If state govt. deficits and off balance sheet items are added we are looking at around 11% of the GDP, which is high. In my view the absolute amount of fiscal deficit is equally important as it shows how much needs to be financed.

The above are some of the issues that seem to me as obvious reasons why markets should not go up from here. We seem overheated. It is time for a correction.

Rising wedge Formation In NIfty - Be cautious

2009-09-12T18:25:00.002+05:30

The rising wedge pattern is characterized by a chart pattern which forms when the market makes higher highs and higher lows with a contracting range. When you find this pattern in an uptrend it is considered a reversal pattern as the contraction of the range indicates that the uptrend is loosing steam. When you find this pattern in a downtrend it is considered a bullish pattern as the market range becomes narrower into the correction indicating that it is running out of steam and the resumption of the downtrend is in the making.

At the Same time Negative Divergences are forming on Price oscillators. So a 200 pint correction is expected before Nifty touches 5200.

Be cautious and trade with Care.

Bhupesh

the yellow metal

2009-09-01T08:01:00.000+05:30

Please refer to http://blog.afraidtotrade.com/gold-nears-apex-of-triangle-pattern/