MOMENTUM CATCH

     

These are my SHORT TERM (ST) recommendations. ST recommendations are mostly a hold for 3-6months or even below the mentioned time period. My ST recommendations are mentioned with 1 or 2 averaging spots and a SL. SL mentioned should be followed strictly. Depending on market situations, one can enter/exit a stock without asking. For this no detailed brief will be given, just buying price, averaging [rice(if any), targets and SL. 

DISCL: All the information is based on the writer's own research/gathered from public domains. The writer of this blog is neither a researcher nor related to any brokerage houses. The writer might be himself invested in the stock after his own research so the views might be biased. One must do their own research before investing. The writer isn't advertising any website for his own selfish use. The writer of this blog won't be held responsible for any profit/loss in your investment/trading career. 

 1)    26/02/2017: DHFL at CMP 330 looks good for ST. Can have a look at                             DHFL for targets of 348/360/389 with SL of 324.5.

     2)    26/02/2017: EDELWEISS FINANCIAL SERVICES (BSE code-                                   532922) at CMP 131 looks good for ST targets of                                           142/154/170 with SL of 127.5.
    
    2018
     12} 10th August: SUVEN LIFE (CMP-234):-
                        The company will be posting results on 14th Aug, It's a buy and hold till then with active SL 228. should reach 245/257/270.

 
      11} 10th August: SKIPPER (CMP 126) :-
                       The company posted bad results but even so it never took part in the current bull rally and it's continuously hitting 52-week lows. Its a buy around 122/120. There is a strong support around 117-119 levels. With a SL of 117 on closing basis one can do a ST trade for 138/150/160-165. One can buy 25% of intended quantity around 126 and rest around 120 with SL mentioned above.





         The first 10 trading sessions of 2018 are given below: 
     1} 24th July: ASHOK LEYLAND(CMP-109):-
                       The company touched it's monthly high (137.1) on 12th July, 2018 and even after posting good Qtr results it plunged 15% the very next day and touched monthly low of 105. It has fairly strong support around 102-104 levels. So keeping a SL of 98 one can trade for target 116/125/135.
       
         # 1st Aug: 1st Target of 116 done. 
         #8th August: 2nd target of 125 done.


      2} 31st July: CIPLA(CMP-633):-
                        The scrip since more than a month has been within a range 610-640, and each and everytime failed to decisively close above 640. There is a strong resistance at 640. 2 consecutive closes above 640 should lead the scrip towards new highs like 665/680/700 levels.


      3} 1st August: TNPL (CMP 279):-
                         The scrip created double bottom at 245-255 zones and after hitting new low of 242 the scrip is rising again. Today's volumes are the highest in last 3 months. The scrip is ready to touch 310/335 levels.

          # 6th August: 1st target of 310 done.
          # 7th August: 2nd target 335 done.
          #Update 7th August: target raised to 355 with SL 328. 

       4} 2nd August: Gulshan Poly (CMP65):-
                          The scrip has a mild resistance around 65.8-66.5 zones. If it comes to 61-59 levels, average a little more. For target 72/80. No SL required.

      5} 2nd August: PIDILITE IND (CMP 1095):-
                          Pidilte has a weak support around 1075-1085 zones and fairly strong support around 1025-1035 levels. On 1st Aug even after posting above average results the share tanked more than 4% on intra day basis touching a low of 1081. This is a perfect buying opportunity for target of 1180/1233 levels. No SL required.

      6} 2nd August: SHREYANS IND (CMP 157):-
                        Paper industry is in a good trend, and the results posted by its peers are also good. Today even though many paper stocks are rallying Shreyans shows no sign, waiting for its result. A perfect opportunity for result play for targets 173/189 with 148 as SL.

         # 6th August: 1st target of 173 done.

       7} 2nd August: YES BANK (CMP 360):-
                        After posting results below expectations the momentum has stopped in yes bank. CMP is very attractive for ST. The charts show a mil resistance around 375-378 zones and fairly strong support at 358-363 levels. The charts display a very strong support at 341-345 zones. If in case it comes down to those levels. Its a perfect opportunity to average. Targets are 385-390/408/427-432.

         #1st target of 385-390 done.

      8} 2nd August: RELIANCE COMMUNICATIONS (CMP 14.7):-
                        No logic works with RCOM. it has been consolidating for more than 2 months at these prices. The prices may surge anytime... A buy for target 16.3/19. Average around 13.9 again if possible. Play with SL of 13.45.

          # 3rd August, 2018: 1st target 16.3 done. 
            NEWS: The supreme court approved RCOM proposal for settlement with Ericsson.
          #8th August: 2nd target of 19 done.
          #update 8th August: trail SL to 17.4 for 21/23.5 

   9} 3rd August: RAMCO SYSTEMS (CMP 397):-
                      Posted good June Quarterly results. The scrip consolidated for more than 45 days between 325-355. It broke it's resistance of 375-380 with good volumes backed up by strong results. It's a sure shot ST bet for 430/465. 
     
       10} 7th August: JPPOWER (CMP 3.35):-
                      Posted good June Quarter results. The scrip is available more than 70% from its high. The scrip has a solid resistance around 3.85-3.95 zones. A close above this can take the scrip in an entirely new orbit. It's a good Short teem buy around 3.35 for 3.9/4.5/5 with a SL of 3.15 on closing basis.

            #8th August: SL TRIGGERED!