With coal prices at a high..power producers have no option but to mix coal with lignite to reduce their costs.. GMDC produced a good result and with winter coming and no sign of Russia increasing gas supply Coal prices will show no signs of cooling off.. This works well for the company as its been adding many new customers and until coal prices cool off this...
A nicely growing company...The stock has taken support at the AVWAP of the recent fall. If the stock gets follow thru it could make for a low risk buy. Long at CMP with stoploss below 790. Add again above 870 and finally above 950.
Another interesting technical chart.. The stock has shot back above the 200EMA and also broken out above the diagonal trendline resistance. Long at current price 148.50 with Stoploss below 141.
With the factory which was shut maybe starting soon the stock could see good upside.. The stock recently broke above the 200EMA and is now breaking out of the downward channel as well. Long at current price of 2087 with Stoploss below 2000.
With Oil prices (cooking oil) prices cooling down..used oil prices should come down as well. With this company expanding and its key raw material price cooling down this stock could be due a turnaround. Technically there is a nice positive divergence in the RSI Watch to go long above 1150. and keep a 5-7% stoploss.
Another popular stock which could get hit by raw material price hikes is Nestle. If the stock stays below the 200EMA then it could remain weak and have a short side bias. Short below the short term support of 17863 with a stoploss of 18340.
With availability of oil to keep becoming tight expect FMCG players to start facing headwinds. They already faced problems with rising raw material prices and not easy to pass on the price rises. Expect short term breakdowns/momentum on the downside. Stock could break the short term support level. Short below 2110 with a stoploss of 2150.
Paper is a trend i am sharing and this is a stock I am sharing since the 200 levels. Long at current price 50% and balance above 340. Stoploss below 323.
Another paper stock which seems super strong and primed for its net move. Long above 370 with a fresh breakout into a new high stoploss 345.
With the global shortage of paper due to the high gas prices in Europe and China covid shutdown, Indian paper companies are benefiting in a big way. There is a wedge breakout possible when markets turn green. Long above 196 with a stoploss of 186.
One of the most hated stocks since its IPO as it has only fallen. I have been bullish on this stock since lower levels coz of the world unrest and coal shortages spiking up e-acution premiums for this company. The KEY trend reversal will come when govt increases FSA prices which Coal India has been demanding since over a year now coz its wages and RM costs have...
Another popular stock has come to a key support of the box bottom. Can look to add in trenches from CMP of 322 with SL below 305.
PEL is still respecting its uptrend and bounced from the box bottom. Can look to buy a smaller allocation now at CMP and if markets correct look for another bounce around 2500 to up the allocation. This stock is going to be a great compounder going forward with a dual pharma and finance company. SL for this would be 2400. Keeping it slightly deeper since...
The smallcap index has fallen below the 50EMA and closed right at the channel bottom. Tomorrow it needs to move back above the 50EMA to help keep the index bullish..any more fall could then become a change of trend in small/midcap stocks. Below 17670 I'd loose to sell stocks from my portfolio which are showing weakness.. Watch the index for hints.
Recently there have been high volumes in this counter in the recent past.. so the breakout could sustain.. Long at CMP with a SL below 300. (Triangle breakout)
If the stock opens above 600 since lead futures were up significantly it would be a very bullish trigger. I would take a smaller allocation and double up above 620 which allows the stock to also cross the AVWAP and pennant. SL 575. First target would be closer to 700.
Sharp move in Zinc futures..The price of the stock is quite coorelated to the Metal. Expect the stock to most likely to follow thru tomorrow. If it does it breaks a downward channel the stock has been in. Long above 339 with a tight SL of 330. First target 351 followed by 363.
One of the few stocks which have not shown strength in this bull market. Its in a current hot sector (Natural Gas) Over the past month for the first time in a v v long time promoter has been buying non-stop over the past 1 month and has pumped in 35cr into buying more stock. There is also a positive divergence on the daily RSI and support around the 200WEMA....