Hello and Welcome Back !!
It's almost 1.11 am and I am Just Starting the Blog Post... Too Late Today!!
First of All, Let me Confirm ... Have you read my Index Analysis in First 2 Parts of the Outlook Posted Earlier??
If Yes... Do Care to Drop a Message On (+91) 8275 298 208.. I know Many members like to be silent, but if you are reading this. Do not Hold Back... You are Reading this, simply says you have Liked the First 2 Parts and so you have opened this Post to read what's coming next... It's a Human Psychology !!
I never say, you must always accept what I post here.. I personally never believe anyone's Analysis, But if you like it.. Spread it with Due Credits !!
Let's Start With Stocks... Few Guidelines Before We Start !!
I am still Getting Many Stocks and I will Post whatever Charts are ready with me. Check the Dates on Chart and compare prices in current Market, if you have any doubts.. feel free to ask !! I may take some time to answer due to busy Schedule, But will surely answer your queries.. but First Read Carefully and then Ask the Questions.
I will be Posting Analysis of Many Stocks here, atleast 150 stock charts are downloaded till now, sorting them out, Marking them with necessary stuff and getting Ready for posting is a difficult Job. I won't Post all 150 or more Stocks here...
I will Post Approx 30 stocks spread over Next 3 Posts .. May Add Additional posts if required to Cover all the Stocks.
Trading All of them is Your Responsibility, Posting Analysis and Levels with Risk Reward is My Job. Do not Come Crying for Loss if you trade any of these and by God's grace you hit the Wrong One. I am Expecting atleast 70% Success Ratio in these Stocks due to Market Volatility. In Normal Markets, My Success Ratio for the Positional picks is somewhere around 80%.
All Are Positional Investment Picks. Do not Expect Overnight gains. Patience is necessary and So as Risk management also.
Good Luck !!
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First Stock of the List :
CIPLA Ltd.
As we all know, as per My Previous Blog Post on Sectoral Indices.. I am Bullish on Pharmaceuticals and the Index also shows the signs of Breakout..
Cipla is my First pick from the Sector...
Let's see Charts
This is a Monthly Chart Downloaded on 02 May 2020, As we Can see The Chart, the Stock was under the influence of downtrend for atleast last 5 years, where it hit multiple Highs and then in Last 5 years never touched the highs again. In last few Months the Stock was in complete bear grip and moved under control of a falling Trendline.
After the Entry of COVID-19, The Stock fail along with general markets and touched Previous Resistance Turned Support are around 370. It proved to be a Strong support and as the Situation of Pandemic was actually a Blessing for Pharma Companies for Revival, We can see the April Month Candle with a Strong Structure, as I call the Candle an Elephant Candle which normally covers previous many candles. With the Strong Elephant Candle, the Stock Managed to Breakout from the Falling Trend and Made a Move to cross above the Trendline and a Strong Resistance area at 490 levels. Stock then Moved silently above the Resistance and the Trendline. The Indicators like RSI, CCI and MACD also Started turning Positive.
Moving on to a Detailed Chart on Daily Timeframe:
Here we can See After Crossing the Important Confluence Point around 490, Stock traded 1 day above the area and then with a Strong Move in a Gap up it Moved up to 600 area. Now in last few days, stock is Stuck in a Range of 560 to 520 and The Structure Looks Like a Bullish Flag Formation. The Flag Formation needs Good Number of Candles to give a Successful breakout.
It The Stock moves above 618-620 for a daily closing. It will be assumed as a breakout of Flag. Technically the Target of this Breakout will be around 240-250 points above 620, which normally comes around 850-860 levels.
As Per Monthly Chart, Next Strong Resistance will be around 740 level which was a previous High and acted as a strong resistance. So it will be obvious that the Stock will spend time here before further move. Once 740 breaks, we will see Fastest Run Towards 850-860 levels and it may also lead to 900+ levels in this Stock.
I expect to Achieve the Target in Next 6-9 months approximately. Everything depends on Global Situations. Currently The Stock is Trading around 590.
So Here is a Simple Strategy..
Keep Trading the Stock Between 560 - 620 levels.
Buy Near 580-560, Book Profits Near 610-618
Again buy the dips...
Once The Stock Breaks out Above 620 and sustains on a Closing basis. Add More Qty and Hold it for a Target of 740. Book Profits Near 740 and Wait.
If Fall Comes.. Keep Adding on dips with smaller qty, Keep Accumulating.. Once a Breakout above 740 Occurs ... Add Big Qty and Hold for Target of 850-860 or even 900.
If you are a Future Trader follow the Levels and Keep Trading... Remember One Thing.... Never Short in this case.. Like Short around 615 for a Target of 580... NEVER Ever do this !! Better wait for a Dip to 580, Then Buy for a Target of 615-620. Keep repeating till Stock breaks Out.
NEVER SHORT a BULLISH STOCK in UPTREND.
Write Down the Trading Strategy and Keep it at your Trading Terminal... Keep Trading till Final Target is Achieved... Enjoy Big Profits, No Need of Other Stocks on Terminal.
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Second Stock of the List :
DIVIS LABORATORY LTD.
One More Pharma Stock !!
Here is a Monthly Chart, as Simple as it Should be... This Stock is clearly a Super Stock in Pharma Pack. Fundamentally everything is good, consistent player.
Technically on Chart the Stock is Bullish since last 10-2 years, Moving in a Rising Channel. The Stock Witnessed a severe correction in 2016 due to some news. Now the Stock is again Performing exceptionally well and we will be witnessing good upside in this stock.
As per the Chart, The Stock Corrected in March but was supported by Immediate Resistance turned Support line around 1790 and a Rising Trend Line Just below it. Similarly there was a support of a 20 Period Simple Moving Average and below that a 50 Period Weighted Moving Average. So Multiple Supports working for this stock. Later Stock reversed to form a Hammer structure with a Low on Trendline. Next Candle in April was a strong bullish candle. The Stock is now Trading at 2310 levels.
Looking at the market Structure and Pharma Index. I am recommending a Buy on this Stock. In this case we will be adding the Stock slowly. Any Dip towards 1800-1900 will be assumed as a Strong Buying Opportunity.
On the Upside, I will be looking for a Target of 2650 and Next 3300 in this Stock. If we consider Buying on dip Works and We get Lower Entries Near 2000 levels, Our Stoploss in this stock will be 1800-1750 levels, which is approx 250 points from 2000 and 550 points from 2300, While Our Targets are 1000-1300 Points as per Entry. In Any case the SL / Target Ratio of 1:2 is Perfect for the Trade.
Trading it Carefully is your Responsibility.
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Next Stock on the List is :
TATA CONSUMER PRODUCTS LTD.
A Consumption Story for Next Few months
This monthly Chart is a Super Strong Story, Ignored by Investor because it's a Tata Company. Now it is Restructured and Performing nicely. Recently done a Good Acquisition also. The Stock spent a Long Time in Consolidation at different levels but still moved Perfectly along with the Rising Trend line. Now Recently the Stock took a Hit in march due to the #chinesevirus and immediately started reversal. April Month candle was a Strong Bullish Candle.
As per the Structure, I am Expecting min 500+ levels in Next Few Months. As soon as Life begins Normally in most parts of the country, we will see a Strong Jump in consumption supporting these companies in the sector. Tata Consumer is one Leading Name where I can bet my money without thinking twice.
As per the Structure, I am Expecting min 500+ levels in Next Few Months. As soon as Life begins Normally in most parts of the country, we will see a Strong Jump in consumption supporting these companies in the sector. Tata Consumer is one Leading Name where I can bet my money without thinking twice.
Buy All the Dips and Keep Adding The Stock whenever you get a dip. The Target for this Stock will be 511+ in Next 4-6 Months time frame. I am not Expecting Bigger wild Moves now onward in this stock, Cross above Recent High of 408 will be important in this Journey.
BUY and Add On Dips ... Target 511+
Current Price is 358..
Returns of 40-45% from current Market Price and If Bought on dips it will be 50-60%.-----------------------------------------------------------------------------------------
Current Price is 358..
Returns of 40-45% from current Market Price and If Bought on dips it will be 50-60%.-----------------------------------------------------------------------------------------
Next Stock in the List is :
MEGHMANI ORGANICS LTD.
Surprised ?
This is a Weekly Chart as it is giving a closer look at the picture.
The Stock Tried a Breakout from a Falling Trendline after a Long time in December 2019, It was a Successful breakout, Breakout levels were retest after a good upmove, But then the Pandemic Hit and Breakout failed. The Stock is determined to move up somehow. It again took Support on a Previous Strong Support zone and Bounced Back Strongly to again Break the Trend line.
Currently The Stock is Trading at 44, We are expecting Strong Support to work around 36 levels.. and Upside is Capped around 49 and Then 67. So The Risk Reward here is again attractive approx 1:3 in this case.
I will happily Long the Stock at 44 and if I get the dips around 42-40 levels also. My Stoploss will be closing below 36, and My Targets will be 49 - 67 Levels. If Market Supports and 67 is Crossed, We might see a Strong uptrend towards 90 levels. This Target is a Crazy one, I will stick to my First Plan of Target 67 first. Once We reach 67, I will review it again.
Go for it !!
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Next Stock in the List is :
MULTI COMMODITY EXCHANGE OF INDIA LTD. (MCX)
Reason to get attracted towards this stock is ... there is No Option in Agri Commodity Exchange in Listed companies. The Stock is performing nicely if we ignore the Past.
Look at the Weekly Chart here for some Clean idea of the levels. It's a Play of levels in this stock. If One Level is Crossed, you know exactly where it is landing. Marking Important Levels is Very helpful in taking trading decision. Making Charts Complex is a New Business now a days. Keeping Charts Simple helps uncomplicate your trading life.
Want to learn Technical Analysis in the SIMPLEST and EFFECTIVE Way ? Just drop a Mail to training@technicalanalysis.online Let's Keep it SIMPLE !!
Here in case of MCX, 1155 is a Key level. Stock is Currently Trading around 1150 level. Crossing 1155 and sustaining above it is important on daily closing basis. Why ? let's have a look!!
Here is a Daily Timeframe Chart.. Here you can easily identify a Simple TRIANGLE Formation, waiting for a Breakout. One Candle Closing above 1155 level and Next above the level, The Breakout will be confirm. Mark the Levels on your Terminal... and Just jump in the trade.
The Triangle Breakout Target comes around 300 Rs. and from Breakout level of 1155.. it will be approx 1450, On conservative levels, I will assume it to be 1400 only as it will be the Resistance at Previous high.
If the Lower Trendline of the Triangle is Broken, which is Below 1090 before breakout above 1155, then it will be a breakdown in the Stock and resulting Targets will be Lower. If 1155 crosses first, your SL will be 1090 for the Trade.
So Approx 60 Rs. SL and 240 Rs. Min Target ... Risk Reward Ration is Perfect around 1:4
Buy and HOLD !!-----------------------------------------------------------------------------------------
Buy and HOLD !!-----------------------------------------------------------------------------------------
So, We have Completed 5 Stocks So Far... and It's Getting TOO late now !!
We will Stop here Today, Next Stocks in Tomorrow's Post !!
Do Not Miss to Make a Dedicated List on your Terminal for these Stocks. Note Down all the levels and Start Trading / Investing in these Stocks as per given Levels. Do not Forget to Ask me if the Stock breaks down to Stoploss levels or Supports mentioned.
We will Stop here Today, Next Stocks in Tomorrow's Post !!
Do Not Miss to Make a Dedicated List on your Terminal for these Stocks. Note Down all the levels and Start Trading / Investing in these Stocks as per given Levels. Do not Forget to Ask me if the Stock breaks down to Stoploss levels or Supports mentioned.
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Declaration:
The Analyst, SHINDE ATUL S. is a Financial Adviser by Profession. He is Having an experience of nearly 13 years in Stock markets in India and Around the World with a Client base spread across the World for Indian as well as Global Market Advisory. The Readings are Completely based on Analysis of Charts and The Analyst possesses all the Rights to be Wrong in his analysis.
The Analyst, SHINDE ATUL S. is a Financial Adviser by Profession. He is Having an experience of nearly 13 years in Stock markets in India and Around the World with a Client base spread across the World for Indian as well as Global Market Advisory. The Readings are Completely based on Analysis of Charts and The Analyst possesses all the Rights to be Wrong in his analysis.
Consult your Financial Adviser, Manage Risk, No Leverage, Positional holding with patience.
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