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Showing posts with label Short Term Momentum Call. Show all posts
Showing posts with label Short Term Momentum Call. Show all posts

Wednesday, September 7, 2016

Nifty heading towards 9000 mark. 10% - 15% correction round the cornor

  10:38 PM    

Dear All,

As we fast approach the key level of 9000 mark in Nifty; Nifty could face stiff resistance around previous life time high zone. On the valuations front too, Nifty current value is stretched. Technically, we hadn't seen a meaningful correction from the bounce from 6825 making a strong contention for a 10 - 15% correction most likely. In the weeks ahead we are moving towards 8000 mark. Any bounce towards 9000+ mark need to utilized for profit booking. I have updated our trade book for a quick reference.

Link: http://tinyurl.com/h2o3odo

Happy Trading!
Praveen Pathiyil   

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Thursday, September 1, 2016

Wednesday, August 31, 2016

Nifty broke past 8740! Short term momentum and portfolio stock added.

  8:05 AM    

Nifty Daily

Nifty finally manages to close above crucial resistance zone at 8740; giving more confidence for the bulls that another leg up is due probably towards new high. The last one month of sideways consolidation has absorbed all over-heatedness found in the market and is providing more room for Bulls on the upside. Going long in Nifty is advisable.

Short term momentum calls for the day are: Buy Pidilite and ICICI Bank

Add to portfolio: ChennPetro

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Monday, August 22, 2016

Stock of the day: Radico Khaitan

  7:29 AM    

After the downside move, Radico has given a breakout with heavy volumes last week. If the breakout is for real; we could see prices moving towards 115 - 125 very soon. The price-volume breakout on the weekly chart makes this stock a favorite for the day.


  

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Friday, August 19, 2016

Short term momentum calls for 19th August, 2016

  8:11 AM    

We have identified two stocks that could run up in the short term as there is steam left for another leg up in both the stocks.

1. HDFC Bank
Clearly a leader among the banking sector for past decade, this stock still has more room in the upside especially on the very short term basis. Though the moves have become slower off late, we believe it's consistent performance could push up prices once again.

 2. HimatSeide
Ready for another spin on the upside. This manufacturing company has the potential to push prices further up in the coming days. We could see prices moving towards 280 and 300 in this stock.

  

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Thursday, August 18, 2016

Short term momentum calls for 18th August, 2016

  8:34 AM    

We have identified three stock picks for the day, which could move upside along with the current momentum. The stocks are:

1. MAHSEAMLES
Having rebounded from the weekly low this stock has the potential to move higher for a quick rebound. We could expect a quick 4% - 5% gains in this counter.

 2. KESORAMIND
This stock is in a perfect bull channel for past several weeks. We expect this to continue as there is still room for more upside in this stock.

3. GUJALKALI
The winning streak continues for the bulls in Guj Alkali. Though the run has been very fast and swift; the volumes data suggests more upside is intact for this counter.

  

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Thursday, August 11, 2016

Short term momentum call for 11th August, 2016

  8:48 AM    

Geojit 

 With every dip been bought into with higher volumes; this stock has the potential to move higher towards 47 mark in the coming days. Have been making a perfect higher high - low pattern in technical charts.

Finolex Cables

 This stock is all set to breakout from the side ways consolidation that we have been witnessing for the past few days. Once broken out this stock has the potential to higher towards 430 - 450 levels.

VHL
Vardhaman Holdings: The chart suggests that this stock will continue to move higher for next few days and would move towards 1400 once again and move towards 1450 - 1500. Though be cautious as this is a low volume counter comparatively. We couldn't place this stock chart here. 

  

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Monday, August 8, 2016

Nifty Outlook and short term momentum calls for 08/08/16

  7:35 AM    

NIFTY CHART OF THE DAY

Nifty Trend
In 60 minutes
In Daily
In Weekly
In Yearly
Nifty (Spot)
UP
UP
UP
UP

Market commentary: Nifty Spot

Nifty Spot: Closed above 8666 – 8680; eyeing 8878

Nifty did manage to close above 8666 – 8680 resistance zone. Now Nifty could march higher towards 8878. 8878 is a minor resistance zone when compared to that of 8666 – 8680. On its comparative basis; we expect Nifty to surpass even that if current bulls strength remains intact. Looking at the technicals, Nifty is still over heated and as the resistance zone is surpassed; it could well manage to run very fast towards 8878 mark. On the other hand, if Nifty fails to hold on to the closing resistance zone; then it calls for a cautious view (this is unlikely to happen). Watch out for the run up followed by mild correction by end of this weekend.

Va Tech Wabag

After being in a consolidation mode, this stock could give a breakout on the upside very soon. This breakout could lead this fundamentally strong stock to move towards 620 and 650 levels.

Ramco Cements

After a meaningful correction to the upside in past 2 weeks, this stock is all poised for resuming its rally. The new rally could resume towards 52 week high of 600+

Tata Motor DVR

We had exited the stock 2 – 3 weeks back after a sharp rally. The stock did witnessed a meaningful correction and all set for next leg up. This new leg upside would carry the stock towards 350+.

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Monday, August 1, 2016

Monday's Short term momentum calls...

  8:15 AM    

Good Morning all!

Firstly, what to expect from markets this week?

If Nifty manages to close above 8666, then it would rise immediately towards 8878. Looking at the weekly chart, Nifty could find profit booking during the fag end of this week; probably second half of Thursday and Friday. Till Wednesday, it is expected to rise and continue bullish momentum.

Here are our 3 short term momentum calls for today.

1. AKZOINDIA


 After being in a long consolidation phase, Akzo Nobel has given a breakout last week and have been moving in a small upward moving channel. The upside is still intact and the stock will face resistance at 1750, however this stock has more upside and could move towards 1800 levels.

2. ALLCARGO

 This stock is in a perfect parabolic channel. We expect it to raise further with increased momentum, especially with GST discussion on in Monsoon session. The climax would come once the GST bill is passed officially.

3. TNPL

 This paper company's price action can be channelized and we can find there more steam left for this company to push prices past 300 mark. Our price target for this company (through short term momentum) would be around 320 - 350.

08/08/2016: CMP: 301. Book complete profits, call closed.

  

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Friday, July 29, 2016

Short term Momentum calls for 29th July, 2016

  8:13 AM    

Today we bring to you two charts, which are most likely to breakout on the upside. These charts are identical and picturize similar price action formation. Once broken out of the channel these two scrips has the potential to move rapidly on the upside.

1. India Cements:

Having moved in a channel, the price has almost peaking out; however with volumes kicking in at the very fag end of the upper channel we believe it to breakout of the channel moving towards 135 - 150 levels.

2. CESC:

Similar chart to that of India Cements, here too the price action has been channelized and most likely a breakout on the upside is possible. The breakout implication for this stock would be around 640 - 660.

For more updates, please visit us at pentadinvestmentadvisory.blogspot.com 

  

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Sunday, July 24, 2016

GHCL: More upside in making.

  7:42 PM    

GHCL

 GHCL had a fantastic run upside and the move could be further fired up for an explosion. The final run up is yet to happen in this stock. Hold this stock for a final run up. Very Risky. Target 260 - 280.

 25/07/2016: CMP: 225, Book Profits. Call Closed...

  

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Techno Electric: Give it a shock...

  7:33 PM    

TECHNO

 After being in a consolidation range, the breakout was phenomenon with strong volumes. The breakout is now been confined to a channel. If the channel holds, this could light up more in coming days. The target is 650 - 690.

 26/07/2016: CMP: 622, Book Complete Profits. Call CLosed...

  

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Thursday, July 21, 2016

Wednesday, July 20, 2016

Raymond: The complete triangle!

  10:06 PM    

RAYMOND

Ths scrip has been moving within a pattern of triangle. The breakout of this triangle today gives us a breakout implication of around 510 and more. Looking at the MACD, it is evident that the breakout would make the implication to its full swing. 

 24/07/2016: CMP: 458.45: Having fallen back inside the triangle, keep a cautious view on the stock. Please keep a SL @ 448, the base of the triangle...Risky can exit...

 25/07/2016: CMP: 456, Book Loss, Call Closed...

  

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Motherson Sumi: More room on upside in offing

  9:58 PM    

MOTHERSUMI

 Having broken off the higher high, this stock has the potential to move little further towards 350 - 380 levels. This stock has just broken of the previous high close (on a day before brexit event). Though many stocks has surpassed the brexit after shocks, this is considered a lagger but not definitely a loser..

 25/07/2016: CMP 319.10, Book complete profits...Call Closed...

  

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ACC: Cementing it strong

  9:52 PM    

ACC

 We have seen a quiet distinguishing pattern in ACC chart. A long consolidation, a sudden move; another long consolidation, a sudden move; and now its on its verge of breaking another consolidation. If the breakout happens i.e. a move above 1645 would take it to another new high of around 1700 - 1735. Considering other key indicator's this is more evident.

21/07/2016: CMP 1693, Book Complete Profits. Call Closed...

  

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Monday, July 18, 2016

Indian Hume Pipe: Will there be a channel breakout?

  10:47 PM    

IndianHume

 This pipe company has been in a perfect trending channel. Having shown some real strength over the past few days, we believe it could breakout of the channel on the upside. Let's watch what's in store for this company? Buy for a target of 400 - 430.

 19/07/2016: CMP 390. Exit completely, on grounds of very low volumes. Will try to stay away from such very low volume counters...

  

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Astral Poly Technik: More upside on cards!

  10:43 PM    

ASTRAL

 Having broken out the previous highs and closed above it with heavy volumes, this stock has some more steam left for the run up. Keep a SL below the breakout levels @ 483 on closing basis for a target of 510 - 530.

 20/07/2016: CMP 519.50, Book Complete Profits. Call Closed...

  

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