Stock To Watch – 14 Jan 19

Dredging Corporation of India Dredging Corporation of India slipped towards 480 Jan 2019. For the last ten Days, the stock has been trading in the range of 480 to 422 and formed a flag and pennant chart pattern on the daily charts.The price has been moving around 20-day moving average for the last couple of days and is consolidating around in the range of 435 to 470.

The RSI has given positive crossover on the daily chart suggesting price is likely to see a breakout on the upside. We recommend traders to take LONG positions in the DREDGECORP around 451-453 levels with a stop loss below 434 for the targets of 468-485.

Stock to Watch : http://moneycapitalheight.blogspot.com/p/stocks-to-watch-today.html

News Highlights:

  • India’s industrial production (IIP) saw a meagre growth of 0.5 percent in November as against 8.1 percent in October, data released by the statistics office showed. Factory output, measured by the Index of Industrial Production (IIP), is the closest approximation for measuring economic activity in the country’s business landscape.
  • IT major Infosys’ reported 12 percent quarter on quarter (QoQ) decline in December quarter net profit to Rs 3,609 from Rs 4,110 crore last quarter.

Market Commentary:

The SENSEX declined 97 points, 0.27 per cent, to 36,010, with as many as 21 in the red and the rest in the green. Its NIFTY counterpart settled at 10,795, down 27 points, or 0.25 per cent, with 16 stocks up and 34 down.

ITC, UPL, WIPRO, IOC, HINDALCO were the top gainers among Nifty 50 stocks while INDUSINDBK, TATA MOTORS , INFRATEL, TCS, YES BANK were the top losers.

Stock to Watch : http://moneycapitalheight.blogspot.com/p/stocks-to-watch-today.html

Stock To Watch Today – 18 Dec

Stock to watch

VOLTAS LIMITED

VOLTAS LIMITED is forming a rising channel and remained in an uptrend during the last week. It made a correction from the price-band of 590 levels towards a low of 565. It has also managed to give closing price below its 200-days EMA level placed at 571 levels with higher and strong volume growth and it is indicating a selling at the current level.

Current level of stochastic at 83.33 which are gradually moving upward. If the stock sustains below 570, it can initially target 559/548 levels. A stop-loss suggested for the trade is 586.

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Stock To Watch for Monday

stock to watch for mondayGoa Carbon Ltd remained in an uptrend during the last week after trading on a range bound level for over 45 days. It made a correction from the price-band of 783 levels towards a low of 450.It has also managed to break out from its 200-days SMA level placed at 586 levels coupled with strong volume growth during the past sessions indicating a buying at the current level.

The momentum indicator a positive trend at the current level with RSI at 61 levels which are gradually moving upward, while the MACD made a bullish crossover recently to trade above its signal-line. If the stock sustains above 590, it can initially target 615 levels. A stop-loss suggested for the trade is 575.

Stock to Watch : Visit: http://moneycapitalheight.blogspot.com/p/stocks-to-watch-today.html

Market Commentary:

1: The BSE Sensex closed 33.29 points, (0.09%), up at 35,962.93 and the Nifty 50 ended 13.90 points, (0.13%), higher at 10,805.45. The BSE midcap and small cap indices rose 0.19% and 0.03%, respectively.

2: BHARTIARTL, BPCL, YESBANK, IOC, COAL INDIA were the top gainers among Nifty 50 stocks while HCLTECH, JSWSTEEL, HDFC, TITAN were the top losers.

Stock to watch for monday

News Highlights:

  • Liquidity issues in the economy was one of the key discussions points at the Reserve Bank of India (RBI)’s board meeting on December 14.
  • Oil marketing company Indian Oil on Thursday announced buyback of 3.06 per cent equity shares at Rs 149 per share for a consideration not exceeding Rs 4,435 crore.

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Stocks to Watch For Thursday – CapitalHeight NILKAMAL.

CapitalHeight

NILKAMAL has registered a breakout above its minor consolidation zone of 9 days on relatively higher volumes in the last trading session. The stock has reversed from bottom levels after taking support on long term trend line support seen on the weekly charts.

PLASTICS sector has been showing resilient move in the recent past. The Stock has closed above its 200-DMA resistance. Oscillators and Indicators have also turned bullish on the short to medium term charts. NILKAMAL buy recommended around 1565-1575 target is 1650-1720 with stop loss below 1520.

 

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Stocks to Watch For Wednesday – CapitalHeight DISHMAN CARBOGEN AMCIS.

CapitalHeight

DISHMAN CARBOGEN AMCIS witnessed a strong upward momentum over one month after making a healthy consolidation from an upper price-band of Rs 311 levels towards a low of Rs 200 odd levels. Post this lower level, the stock continued to trade on positive marking a crucial breakout from its 200-days moving average placed at Rs 239 levels on closing basis.

The stock also formed a bullish candlestick pattern on its weekly price chart. Further, the momentum indicator favored the current trend with RSI at 65 levels coupled with MACD trading above its signal line. Buy recommendation for DISHMAN CARBOGEN AMCIS which is currently trading at Rs 240.with stop loss below 221 and target 255-275.

 

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