Banking Sector/Stocks Should be in Focus in August Series

Banking Sector/Stocks Should be in Focus in August Series

Bank Nifty

Reco going Long near 10800-900 levels , 11300 near today

Indusind :Reco going  Long @ 440-45 levels

470+ today

SBI : Reco Going Long Near 1800

1860+ today

Yes Bank : Reco Going Long Near 420-25 levels

Today hits 437-38

Kotak Bank :  Reco Going Long near 680 levels

Today hits 725

ICICI BANK Reco over here @ 960 levels is nearing 990+ today 

Disclosure : Were heavy longs in Some Selected Banks from Last week , slowly slowly Booking out of them in good gains now

Abv charts are the charts mailed to paid clients last week !!

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Technical View : BHEL

Technical View : BHEL 

BHEL MIGHT TRADE BETWEEN 160- 210 OVER A LONG PERIOD OF TIME BEFORE ANY SERIOUS BREAK OUT OR BREAK DOWN HAPPENS

LONG TERM VIEW

Short Term

 

Reliance: The Next Price Target

Technically, How high Reliance can go in near term. Well, Here’s what Charts have to say.

Let us look at the Reliance Chart

As you can see in the chart above: Reliance stock was trading in a range between 900 and 1140 during 2009-2011 time frame. But the stock broke down below 900 in June 2011. Post breakdown- for two years Reliance under performed and remained below 900. 
But with Gas pricing reforms – Reliance seems to be turning around. Reliance has broken out above 900 and if stock sustains above 900 – then stock has potential to rally to 1140 – the next resistance level. It’s likely that Reliance may start trading in the same zone i.e. 900 on downside and 1140 on the upside. The real momentum will emerge above 1140 which seems unlikely before elections.
In near term: Reliance appears buy on declines near 900 and one can look for target of 1140. 

TCS: Rewarding Trades in Leadership Stock

TCS has been in Bull market for number of years now and 2013 has been extremely rewarding for Bulls.

Investment Rule: When stocks are in Bull Market – Pullback to 200 dma is an excellent Buying Opportunity. 
Here’s an excellent example: TCS in 2013

As you can see in the chart above: TCS has pulled back to 200 dma twice in 2013 and both occasions have turned out to be excellent buying opportunity. Just see the gains one would have made by buying a Leadership stock near 200 dma

The examples reinforces the belief that it’s quite rewarding to buy a well established leadership stock near 200 dma. Once a stock develops a Leadership – it’s rewarding to follow the stock religiously.

FINOLEX CABLES: MULTI BAGGER STOCK KEEP U R EYES

FINOLEX CABLES:   MY MESSAGE TO PAID CLIENTS ON JUNE 6 TH
FinolexCables:  CMP 52 surprised to see 4PE on last year earning! Rich balance sheet, management getting better, impressive growth - g8 brand. Buy FinCable@52 - many potential +ve triggers, better margins (low copper price). expects to cross Rs.100 in one year STOCK ALREADY MOVED 20 % NOW 65  IF IT  MANAGES TO CLOSE ABOVE 65  THE REAL GAME CHANGER STARTS AS PER TECHNICALS CLEAR BREAK OUT ON CHARTS

TECHMAHINDRA BLASTED MULTI YEAR BREAK OUT

ALREADY SEND MAIL TO PAID CLIENTS ON JULY 10 NOW POSTING  TO ALL OF U STILL STOCK LOOK  HOT

Tech Mahindra : Nearing Long Term Breakout 

 

 DISCLOSURE : HAVE LONG POSITIONS IN FUTURES AND IN OPTIONS TOO

How Low or High Stock prices can go?

This is one question people ask and here are two interesting examples to illustrate one very interesting point.

The Point: Trend is your friend and it can take you to extreme levels
Yes Stock price can go near ZERO

Example: S Kumars Weekly Chart

As you can see in the chart above – S Kumar stock has been in strong downtrend for last 3 years. From levels near 100 – the stock is now trading near 3.4
Yes Stock price can keep going HIGHER and HIGHER with no correction
Example: Bosch Weekly Chart.

As you can see in the chart above – it is a weekly chart and just see how Bosch has been in strong uptrend and has kept on going higher and higher.
What Lesson we can Learn?
Never Fight the Trend. You can never imagine how high stocks can go once they are in uptrend and similarly how low stocks can go once they are in downtrend.