Igarashi Motors is an auto sector company engaged in manufacturing Micro motors and its accessories. It produces small DC brush motor, geared motor and motor parts. It is a leading manufacturer of micro electric motors in India and derives over 95% of its revenues from exports equally distributed among the USA, Europe and Asia. Despite slow down in US and Europe the company has managed to report strong revenue. With the gradual recovery in Europe and US, the company is expected to increase its revenue. [Read more…]
DLF has given a breakout from a range bound channel with rising volume. There is formation of three white soldiers candlestick pattern on weekly charts. Indicators are showing strength. MACD has entered positive zone in weekly charts. On the monthly charts there is formation of bullish engulfing pattern which suggest further strength. The stock is trading above all moving averages. Buy with stop loss of 178 for target of 202/213/229
The stock has came out from a long term downward sloping on charts. The stock has also given breakout from inverted head and shoulder pattern on weekly charts. Weekly close above 49 will confirm the reversal. Buy with stop loss of 45 for target of 54/58/62
Disclaimer: Above stocks might be recommended to clients in advance at lower levels.
Capital good stocks has given a very good really and have appreciated 20-40% in the last 2 months. On the charts they looks exhausted and signalling some correction. Lets see what the charts of top capital goods sectors stocks are saying. [Read more…]
Last week Market has made sharp recovery and the charts are saying that market has bottomed out. In this fall many stocks have came at a very attractive levels. Here are some of my stock picks for short term(1-3 months) periods. These are the stocks which are fundamentally good and now has become good on technical charts as well. [Read more…]
Tata motor which has under performed in the auto sector so far due to bad set of sales number has today given a breakout from inverted head and shoulder pattern. Inverted head and shoulder is a trend reversal pattern that suggest Tata motor’s downtrend is over and stock in ready to rally upward. [Read more…]
Today Nifty ended in green, though there was not much points increase in the index level, but individual stock specific action was very good. Many stocks today have give a very good breakout. I will discuss two stocks Hero Moto and Tech Mahindra. [Read more…]