TATA ELXSI ROCKE TMOVE 20% IN A WEEK

HOPE ALL YOU REM MY UPDATE ON NOV 2O TH
http://trendzofmarket.blogspot.in/2013/11/a-review-on-story-of-midcap-it-bull.html
JUST A WEEK BACK I MENTION TO BUY 4 MID CAP STOCKS WHICH ARE IN BULL MARKET  OR ABOUT TO ENTER FRESH LEG OF BULL MARKET

TATA ELXSI  TOLD TO BUY AT 245  TODAY HIT 305  CLEAN 50 RS MOVE  20% RETURN IN JUST A WEEK TIME

 

HERE IS WAT HAPPEN TODAY

STOCK IS NOW TRADING AT 300  HIT 306 SOME TIME BACK 

HOW LONG WILL IT SURVIVE: VIDEOCON

Videocon stock has done nothing since last 28 months and it seems the stock is just floating above the surface. The question is how long can it survive this way.


Here’s the Videocon weekly chart

 

As you can see in the chart above: Videocon stock has just held on above 165-170 since July 2011. There have been few instances where stock has rallied but all resulted in disaster. It’s matter of time before stock makes a decisive move. Considering how up move has failed: one should be careful. A breakdown can lead to disaster and big down move.
There is another possibility: False Breakdown which would be bullish i.e. a stock breaks down below 165 and then makes a sharp recovery above 165.
Whatever may be the case: If you are Videocon investor – be careful. There is no reason to buy till we see some real move i.e. breakdown or false breakout.

HOW TO RIDE ON A BULL MARKET STOCK:MCDOWELLS

CASE STUDY:MCDOWELLS(UNITED SPIRITS)

 

In stock market, the low risk strategy is to ride a running train yet many of us refused to do that on assumption that we are late in the journey. Well, here’s one example that breaks this myth.

The stock is McDowell
Here’s the McDowell Weekly Chart

As you can see in the weekly chart above: McDowell stock traded between 1740 and 500 during 2008 and 2012 period. The stock first declined from 1700 to 500 during 2008. It then rallied in 2009 from 500 to near 1700 by end 2010. It then again declined to 500 by Jan 2012. It then made some basing pattern in 2012 and again rallied from 500 to 1700. During second half of 2012: the move was pretty dramatic and vertical to 1700. Anybody who would have seen the move would have given up on the stock at 1700 considering it to be too late to enter. Well, that’s one mistake everyone of us make. We refuse to ride a moving momentum train, instead we hunt for a new one.

Just see what happened after 1700 when stock made a NEW HIGH ABOVE 1740.

Here’s the daily chart

McDowell stock broke out above 1740 and consolidated above it for many months before taking off. The take off was again vertical in April 2014 and stock which made spectacular move in 2012 from 500 to 1700 delivered another strong tradeable gains in 2013. The stock from 1740 has made a move of 60% in 2013 alone. That’s not bad for a stock that made 3x move in 2012. The lesson we all can learn: When a stock is ready to make a big move: it’s worth riding even if you have missed the first 50% of the move

ITS TIME TO CHANGE YOUR SHOES TO LIBERTY

The stock appears to be headed to the immediate resistance at Rs.116-117 range. A breakout past this resistance could push the price to higher levels. We expect Liberty Shoes to eventually rally to Rs.183, which is the 50% retracement of the fall from Sept.2005 high of Rs.289.95 to the Oct.2008 low of Rs.32.30.

A breakout past the immediate resistance at Rs.117 would strengthen the case for a move towards Rs.183. This target of Rs.183 is meant for those who are willing to play the waiting game as itt may take a few months or even beyond for the stock to reach this target.

The positive view would be invalidated if Liberty Shoe falls below the support at Rs.88. With the stock currently ruling at Rs.102, the stop loss at Rs.88 would be too rich for comfort. Investors may therefore accumulate the stock on weakness, so that the net risk on the trade is within acceptable limit.

ONE MORE RECENT DEVELOPMENT MAKES THIS STOCK MORE ATTRACTIVE

Famous Investor Dolly Khanna recently Bought Liberty Shoes in Portfolio

Short term Momentum Trade: Jubilant LifeSciences

MAIL SENT TO CLIENTS ON NOV 7 TH

TOLD TO BUY@ 97 TODAY STOCK HIT 120 STILL LOOK HOT FOR SHORT TERM

THIS WAS MY MAIL ON NOV 7TH


As you can see in the chart below: Jubilant Life Sciences has made a decent move in last few days and that too on impressive volumes. That’s not all – the move has broken the downtrend of the stock. The stock appears set for much higher levels after some consolidation at current levels. 
Trading Strategy:
One can Go Long on the Stock at CMP with no stop loss as of now. We will review the stock little later and take the call on stop Loss. A reversion to mean move can take the stock to 200 dma i.e. 143.

Piramal Enterprises: Building launchpad for Take off

Piramal Enterprises is a Leadership stock and has been building base for major take off in 2014. Here’s why

Piramal Enterprises made a stunning recovery in 2009 and rallied to NEW HIGH then and there itself. It made a new high around 550-560 in May 2010.

 

Formation of Resistance around 540-560
Piramal Enterprises Weekly Chart

It took about 2 years and few months before stock broke out in late 2012 above 540-560. The stock rallied to 620-640 but then move fizzled out and it has been a year since breakout and stock has done nothing.
Breakout and Consolidation
Breakout and too much of consolidation is healthy sign and it’s just a matter of time before stock takes off in a major major bullish way. It means the next bullish move will be exponential and will happen in short period of time, if it happens. Right now, stock does not have any energy and it can slip to 100 week ma. It’s only when stock slips below 100 week ma: we will have to question and review the leadership status of the stock
What does this mean?
Piramal Enterprises is a Leadership stock and currently under bullish consolidation above 100 week ma. One can Buy the stock with closing stop loss at 3% below 100 week ma( now 517). The stock looks like to be in multi year Bull market till it proves otherwise. The stock is good for investment and one should be prepared to hold for longer time of time as long as stock does not breakdown below its bullish structure.

TAKE A DEEP LOOKINTO DEEP INDUSTRIES

Deep Industries stock has taken off recently and you never know how far stock can go on this momentum move

Here’s the Daily Chart of Deep Industries

As you can see in the chart above: Deep Industries made a big momentum move from 28 to 40 in span of 4-5 days. The stock in last two days have become quiet and seems to be consolidating – a very normal trading action after a big move. It’s quite possible that stock may do the same for few more days before next round of bullish action. Such consolidation provides excellent opportunity to enter.
Remember, this is a low liquid stock and should be considered only for short term trading purposes. Keep a stop loss on closing basis below 35.5.