Hello Guys... Will Continue with my posts with 4-5 Stocks Analysis Till We Complete 30 Stocks.
Not Getting Enough time to Prepare Bigger Blog Posts with 10 Stocks each due to My Work in International Markets. We are Busy serving Our Global clients with Trading Advisory, Fund Management. Simultaneously Continuous Online Meetings with HNI, Ultra HNI clients. Financial Planning Stuff and Many things are Happening. Today Again Starting to create the Post at 1.45 am Now. Yesterday got only 4 hrs. Sleep (3 Hrs at Night and 1 Hr After Market). Looks like Today will be the same.
Hope You are Enjoying the Posts here... Sadly Only 350 Views are noted on Yesterday's post of Stocks. It was Posted in approx 13 WhatsApp Groups with Approx 2000 Members. Most of the Members Need Shortcut to Success and That's why we can see 90% unhappy traders in markets. If you are reading this Post, it Means you are serious enough for earning from Markets and I am sure Market will give Success to your efforts.
Please Share the Link of this Post as much as you want, let it reach who is serious about making money.
Yesterday We have Seen Cipla, DIVIS Lab and Both moved Strong...
Let's Start with Today's Stocks... Today I am Covering some Odd Stocks which are not so popular in traders. You might see slow movements there... But the Result will be amazing. So as Suggested add these Stocks to Your Watchlist and Trade as per your comfort. Give time to those stocks to grow.
First Stock of the Day is
TORRENT POWER LTD.
First power Sector Stock to be discussed here
This is a Monthly chart of the Stock and It Looks Promising in the First look. Actually I don't Know why but I like tracking this stock. it never disappoints.
The Chart here is approximately 12 years chart and as we can see, The All time High for this stock is around 360-370 levels which was done in 2010. It never came on screen in later years and The Stock went through a massive correction where the stock went lower around 70 rs. After 2013, The stock is rising continuously with a Rising Trendline Support. Stock is Struggling around 300-310 levels since last 2-3 years and correcting everytime the level is touched. Recently a Breakout was tried which was cancelled by #chinesevirus and we witnessed a Panic Low to touch the 50 Period Simple Moving Average in the process. Immediate recovery was seen to cross the resistance but again moving around the same level. The Chart Posted here is downloaded on 29th April and Today's date is 21st may, a Lot of Time has been spent in the same area.
The Stock is sustaining above 300 levels since last many days.
I am Not expecting immediate breakout in this stock, We might see few more days of Consolidation in this stock from 290 to 320 levels. Once Everything settles down by End of Next Month, the Consumption will be again reaching peak in Power also. new Policies and Stimulus effects will also come into play. It will help the Stock to move with enough Strength.
Recommendation here is :
BUY Torrent Power Ltd. in Range 290-300 as Current price is 304, Stoploss for the same will be 270 on closing basis. and Targets 333 - 366 - 422
Above First Target, The Move towards 2nd target will be fast, It will again Consolidate near 2nd Target. Once Crossed it will be a fastest move towards 3rd target.
I am giving conservative targets here.. Actually I am expecting the Stock to Double in Price Once it sustains above the All time high level of 370. It will be a slow process and patience are needed for such kind of returns.
Moving on to Next Stock ..
Above First Target, The Move towards 2nd target will be fast, It will again Consolidate near 2nd Target. Once Crossed it will be a fastest move towards 3rd target.
I am giving conservative targets here.. Actually I am expecting the Stock to Double in Price Once it sustains above the All time high level of 370. It will be a slow process and patience are needed for such kind of returns.
Moving on to Next Stock ..
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Second Stock of Today's List will be
APOLLO MICROSYSTEMS LTD.
APOLLO MICROSYSTEMS LTD.
Comparatively new name?
Nothing to Worry ..
This is a Weekly Chart, as we can see The Stock is Breaking Out of the Falling Trend with Huge Volumes. last Few Weeks are showing continuous Rise in Volumes of this Stock and it is the Highest while the breakout is done. It simply means Smart Money has Started flowing in the Stock already and Something good is going to happen in the stock.
Apart from the Trendline breakout, Important Resistance around 82-83 level is also crossed successfully. We Need to Sustain above the Immediate support of 66 in this Stock. Below 66, it will again enter Falling trend.
Above 83, The Stock will do fantastic, Levels Marked on Chart 112 and 150 are my Expectations.
Let's See the Breakout zone
This shows how strong Resistance was working at the 82-83 level. The Stock has formed a Bullish Cup and handle Formation Near Trendline Resistance for the Strength required for Breakout. The breakout target for the formation is around 40 Rs. upside from breakout levels, which is around 82-83, so Our First target of 112 is easily achievable. The Target of this formation is around 122-124 approx. While achieving the breakout target, The Stock will cross important resistance of 112 also and sustaining above 112 will help for the next move towards 150 levels. In all this process, 94 level will act as a minor resistance.
Currently the Stock is trading around 85 levels.
Recommendation here is :
Buy Apollo Micro Systems Ltd. in the range of 78-84, with a Stoploss of 66 and a Target of 94 - 112 - 150
The Risk : Reward Ratio is nice and The Target may be achieved in 12 months. Approx 100% upside in 12 months is a nice deal.
Moving on to Next Stock ...
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Meanwhile : If you are not on our Own Groups on WhatsApp and Telegram, I request you to Join the same by clicking the link given at the bottom of the post. I am not trying to demotivate other Groups, but the fact is updating running trades and posting is easier in my own groups as they are admin only. Only My messages are in the group, So I can Find and Reply to My Trade alerts for updates. in Other Open Groups, There is too much noise and Many Times Traders miss the Trade updates sent by me. It is very difficult for me to Find OLD messages and Reply to them. Many groups are so noisy they generate 200-300 messages within few minutes.. It's almost impossible to find old message and refer it for further updates.
Meanwhile : If you are not on our Own Groups on WhatsApp and Telegram, I request you to Join the same by clicking the link given at the bottom of the post. I am not trying to demotivate other Groups, but the fact is updating running trades and posting is easier in my own groups as they are admin only. Only My messages are in the group, So I can Find and Reply to My Trade alerts for updates. in Other Open Groups, There is too much noise and Many Times Traders miss the Trade updates sent by me. It is very difficult for me to Find OLD messages and Reply to them. Many groups are so noisy they generate 200-300 messages within few minutes.. It's almost impossible to find old message and refer it for further updates.
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Third Stock of the List is
BALAJI TELEFLIMS LTD.
Surprise Entry ..
Look at the Chart Carefully, It was a Favorite stock of traders once.. Continuous Downtrend since a long time. It's almost 3 years now. Recently The Stock witnessed a Sudden surge in Investors interest or the Smart money made it's move and Stock Doubled in no time. The beauty here is to Watch the sync of Falling Trendline and the 52 Period Simple Moving Average. Stock crossed 50 Period Simple Moving Average also in the Process of breakout.
Before Breakout we may see a Strong Consolidation working for nearly 8-10 months. This area of consolidation will now work as a Strong support in case of any correction in this stock.
Stock is currently trading around 58 levels.
Recommendation here is :
Buy Balaji Telefilms Ltd. in the range of 55-58, with a Stoploss of 48 on closing basis and Targets of 83 First and Above 83 if sustains, we might see 121 levels also. I will be Happy to see 83 levels only. Not Expecting too big. Even 82 is a better level for a Nice Risk Reward.
Concluding Today's Post here !!
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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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