Glenmark Pharma

     Glenmark Pharma has broke out couple of days ago. One can enter with the SL of 289 and target of 325

Keep Investing
Cheers
Chirag CM

Quick Stocks View

      Market has entered in choppy zone and it may last for few days. Here I would like to mention two stocks which may give good returns in upcoming days.

1. FSL
 The stock in on the verge of breakout. It has also shown few spikes in volumes these days. One can enter in FSL above 29 with the short term target of 33.

2. MARUTI
MARUTI broke out yesterday with very good voulumes. One can take position in Maruti at current level with the stop loss of 1430 and target of 1600 in medium term. It is also a good stock to keep in investment portfolio.

Keep Investing..


Cheers
Chirag CM

Cipla Breakout

              Cipla has given break out today with very good volume. Now it has changed the track and will try to trash 328 which is its 1st resistance. Have a look at the chart.

Following stocks may show some spark in upcoming days
Sesagoa,Rolta, Polaris above 180, IFCI above 62


Cheers
 Chirag CM

Quick market view

                     Market is not in the mood to go down at all. Sensex has broken above its parallel trading channel and now we can expect further upside till it holds the level of 18555.

ONGC, Hotel Leela and ICICI bank did well. Now watch out for Cipla as earlier mentioned.

Cheers
Chirag CM

Take a breath baby...

Market has entered in new bull phase by giving channel breakout. Click below graph to encourage. As I have mentioned that no need to panic till the time FIIs are buyers. NIFTY has also breached the level 5600. Short term support for it will be 5550.

ONGC has done significantly well by making high of 1365 on NSE, my target is 1390. One can also enter CIPLA @ current price for target price of 325. Check out the graph of Hotel Leela.

Ajanta Pharma, Allied digital, Arvind looks interesting one can enter at current market price.

Cheers
Chirag CM

Another Choppy day

             We had seen another choppy day in the Indian market as Sensex closed 16 points dn at 18221 forming a red candle. Intraday Sensex has done nothing special by not giving chance to swing day traders. May be we are in consolidation phase!!!!! It may be a calmness ahead of big movement either up or downside. Don’t worry as long as we are above 18190 we are in safe zone and no need to panic. Be stock specific as index trading is not easy and according to me is a way to lose your money.

   Hotel Leela has broken up today and done very well by closing above its breakout point forming a very good eye catching GREEN CANDLE.  With a very good volume Hotel Leela is officially buy from everyone now. One can wait till 60 to book profit. Check out the graph below (click to enlarge).

Another hotel stock came to radar Taj GVK one can enter Taj above 165 with the full fledge breakout above 170 with the target of somewhere around 190. The stock might test the patience level of investors as it is not on the verge of breakout. One can still build up the position. 

Cheers
Chirag CM

Are we ready again to go up??????

       Market seems to test its previous highs i.e. 18455. It has done very well today by opening in green.  Both NIFTY and Sensex has bounced back from its 50 DMA and now well above than its 21 DMA which can be said as short term support. According to Japanese candlestick approach the Sensex and Nifty has formed Inverted Hammer pattern which is very bullish sign for the next day’s trading. But as I mentioned earlier nothing can be predicted about Indian Market.

            Ranbaxy has broken up today and it may do well in upcoming days. One can enter Ranbaxy at the current levels with the Stop Loss of 495 and target of 525 to 530.

Keep a close watch on Hotel Leela.

Please note that this is not trading recommendation. It is just a view from my side.

Thanks Rohit n Pratik for sharing Graphs and views. :-)

Cheers
Chirag CM

Ascending Triangle Breakout (Hotel Leela Venture)

Market has proved that it will do whatever it likes. Many TV analysts were talking about 5000 levels few days before but market has proven them wrong. It’s not like it won’t come down but you can’t predict the market and that is for sure. We have seen that market has sustained above its 50 DMA. Even our first post of the blog about the stock ONGC has also done significantly well today. ONGC is good investment opportunity till the time it is being above 1320.

 

Let me share a graph for NIFTY.

·         NIFTY has made a big Green candle which is good sign of short term bullishness. Possible short term target for NIFTY is 5510 is it surpasses the next crucial short term resistance of 5485. Still it has very good medium term support @ its 50 DMA which is around 5400, nothing looks like till the time NIFTY is being above that level.        

       HOTEL LEELA VENTURE stock has something cooking in it. Ofcourse it is of Hotel industry so Cooking of something will be there. Technically speaking stock is making ascending triangle on the graph and possibility of breakout is very high.

Volume activity has significantly increased on daily as well as weekly basis. One can take position in Hotel Leela above 53 with the stop loss of 51. Possible target may be somewhere around 58-60.

Please not that this is not a Trading recommendation; this is just a view from my side.

I would like to thank Mr. Rohit for sharing Hotel Leela research with us and Mr. Pratik for the levels of NIFTY.

Have a happy Trading..

Cheers
Chirag CM