Buy Bajaj Auto Ltd For Target Rs.2265 - Angel Broking Pvt Ltd

Justification:

The stock had seen a sizable up move ever since it broke out from its ‘Downward Sloping Trend Line’ resistance of `2000 on June 09, 2014. In the process, the stock prices went on to post a new all time high of `2324.80 (High on July 08, 2014). However, we witnessed an immediate profit booking from its new high and as a result, st

06/Aug/2014 02:19 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Hindalco Industries Ltd For Target Rs.173 - Angel Broking Pvt Ltd

Justification:

The stock has witnessed a massive rally in last few months. In the process, the stock managed to post a new ’52-week’ high of `198.90 (High on July 25, 2014) and since then it’s been experiencing a bit of profit booking. The hourly chart now depicts a breakdown from the ‘Upward Sloping Trend Line’ at `188 along w

04/Aug/2014 05:03 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Sesa Sterlite Ltd For Target Rs.256 - Angel Broking Pvt Ltd

Justification:

The stock prices had seen a sharp up move of nearly 50% in very short span after breaking its important resistance zone of `210 to `215. In the process, the stock prices went on to post new ‘Multi-Year’ high of `318.30. Since then, the prices have been witnessing a ‘Time-Wise’ as well as ‘Price-Wise’ corre

04/Aug/2014 03:26 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Infosys Ltd For Target Rs.3630 - Angel Broking Pvt Ltd

Justification:

Considering the broader perspective, it can be concluded that the stock has maintained its higher degree uptrend by trading consistently in a ‘Higher Top Higher Bottom’ formation in the weekly as well as monthly chart. Looking at the daily chart, it is clearly seen that the stock prices were vacillating within the narrow trading

04/Aug/2014 03:18 PM | Posted in Broking Firm Views - Short Term Report read full news
Weekly Trading Picks by Way2Wealth

CENTURYTEX Future

The stock future is trading in the triangular pattern which is mostly found at the end of an impulse wave. Wave 5 couldn’t test the resistance line indicates lack of confidence among the bulls at higher levels. This triangular pattern is usually followed by a corrective wave; breach of 582 levels will lead to a lower low/high price s

04/Aug/2014 11:44 AM | Posted in Broking Firm Views - Short Term Report read full news
Sharekhan Top Picks

The stock market took a breather in July after the sharp runup in the previous two months. Though the benchmark indices, Nifty and Sensex, are only marginally down by 0.1-0.4% each since our revision in the Top Picks basket last month, but there has been a substantial correction in the broader market especially in the high-beta mid-cap space. The CNX Mid-cap Index has declined by 3.6% and th

02/Aug/2014 04:00 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Talwalkars Better Value Fitness Ltd For Target Rs.330 - Way2Wealth

TALWALKARS transforming Bullish

Talwalkars Fitness recently shows a good fitness structure of a Bullish Head & Shoulders which is a strong reversal pattern. After giving a breakout above the neckline which is placed at 175 levels prices flared till 217 and pulled back nicely near the neckline which is now acting as a strong support. On the monthly chart the pr

01/Aug/2014 12:13 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy NCC Ltd For Target 85 - Religare Securities Ltd

Recommendation 

Buy NCC Ltd  For Target 85  Stop Loss 71, CMP 73.20

Rationale:

NCC is trading in a “Pennant Pattern” (which indicates pause after a vertical move) on weekly charts for past ten weeks. On Thursday i.e. 31st July 2014, it has formed a big green candlestick on daily chart

31/Jul/2014 06:38 PM | Posted in Broking Firm Views - Short Term Report read full news
Reliance climbing the hill - Sharekhan

*Stock view

Reliance Industries Ltd (RIL), India’s largest company by revenue, plans to spend 75% of what it has invested in the past few years, as it returns in 2015 to the telecom industry after a decade and expands businesses ranging from oil to yarn and retail. Over the next few years, RIL will focus on bringing its petrochemical, r

01/Aug/2014 11:22 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy ASHOKLEY For Target Rs.37.50 - Religare Securities Ltd

Recommendation

Buy ASHOKLEY For Target Rs.37.50 and Stop Loss 33.30, CMP 34.60

 

Rationale:

ASHOKLEY was consolidating in a narrow range of 32-34.50 levels for past one week or so. On Wednesday i.e. 30th July 2014, it witnessed an upside breakout from the above range with noticeable rise in volum

13/Aug/2014 05:58 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bharti Airtel Ltd For Target Rs.455 - Way2Wealth

Bharti Airtel Talking Good days

Trading in a Ascending Triangle pattern, Price is expected to give a strong break out above 375. During this pattern after testing the lows near 240 area price moved higher and faced resistance near 370 zone , after which price corrected and got support neat 265 levels which were higher than the previous low. Price still mana

31/Jul/2014 11:09 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Tata Chemical Ltd For Target Rs.319-315 - Religare Securities Ltd

Recommendation :

Sell TATACHEM Aug Futs At 330-331 For Target Rs.319-315 and Stop Loss 335, CMP 327.85

 

Rationale:

In recent past, TATACHEM was trading near 350-355 resistance zone and formed indecisive candlesticks on daily charts. On Monday i.e. 28th July 2014, it has also broken down from the distri

01/Aug/2014 11:21 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Wockhardt Ltd For Target Rs.830 - Sharekhan

A booster dose

The previous rise in Wockhardt Pharma was a clear impulse move, ie a five-wave rise, following which we saw a sharp sell-off in the stock leading to almost 86% retracement of the rise. Now, with a buy cross-over in its monthly Know Sure Thing it seems that the probability of a next five-wave rise is quite high. In the recent rise the stock is

30/Jul/2014 05:50 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Wockhardt Ltd For Target Rs.740 - Way2Wealth

In the past couple of months, the stock prices have been battered down from the high of 848 to straight away towards 545 which is almost 30% erosion. However stock found strong support around 550 levels and consolidated near those levels for almost eight consecutive weeks. Looking at the weekly chart, it can be construed that the prices are hovering exactly above the support of 550 that is n

30/Jul/2014 05:52 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Talwalkars Better Value Fitness Ltd For Target Rs.330 - Way2Wealth

TALWALKARS transforming Bullish

Talwalkars Fitness recently shows a good fitness structure of a Bullish Head & Shoulders which is a strong reversal pattern. After giving a breakout above the neckline which is placed at 175 levels prices flared till 217 and pulled back nicely near the neckline which is now acting as a strong support. On the monthly chart

30/Jul/2014 06:02 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy IVRCL Ltd For Target Rs.27.50 and Rs.31 - Sharekhan

Road to success

The stock seems to have completed the wave E of the triangular pattern and the minimum target comes to Rs27.50 level, ie the downtrend line, whereas the equality target comes to Rs31 level. The swing’s low of wave E is Rs22.60 level. Hence, we recommend keeping a stop loss at Rs22.50 level. The stock continuously took support at its lo

31/Jul/2014 10:19 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Tata Motors DVR For Target Rs.355 - GEPL Capital Ltd

Tata Motors DVR has been trading in an advancing Channel since Feb 2014 till date. Recently the stock found support near the demand line of the depicted Channel and has also registered a range break out. The RSI on the daily chart is aligned positively and is suggesting further upsides. The stock may test the upper band of the depicted Channel and trade in the vicinity of 360 In coming sessi

30/Jul/2014 06:11 PM | Posted in Broking Firm Views - Short Term Report read full news