mayurdharod

mayurdharod Updated 

A almost debt free company having good consolidation. Its contracts are back at full capacity. A subsidiary got listed in the middle east. Promotors have drastically increased their stake over the last few weeks. Consistant profit making company and clean management. Good to accumulate and add above 120. Short term can give 10-15% returns above the break out...

mayurdharod Updated 

NSE:VBL a good break out. Buy on dips till 740 if any. Resistance at 790 and once crossed can hit 840-850 levels. A good short term pick.

mayurdharod Updated 

NSE:SBIN is retesting break out levels of 230-231. Good to accumulate at current levels and on dips as the risk reward is very favourable. Exit if closes below 220 (giving a little more margin in the fall due to the SC hearing and market volatility). Upside looking at 300 for now.

mayurdharod

Crude OIl has been in a narrow range for almost 5-6 months. Watch out for the movement near the resistance again near 3250-60 levels. It corrects and further remains in consolidation or breaks out from there. Break out would give a 400-500 points swing (but need monitoring with inventories etc).

mayurdharod

NSE:GRANULES breaks out of a 45 points range. Buy with a closing stop loss below 400 for a target of 450-460.

mayurdharod

NSE:TECHM buy with a stop loss below todays low i.e 865. Look at 940-1010 in coming days.

mayurdharod Updated 

Another good consolidation for 3 months. Enter on dips if possible near 450. Expect 510-550.

mayurdharod Updated 

NSE:WOCKPHARMA making higher highs and higher lows and finally up 20% today. 410 is a resistance from where it has reversed twice earlier. Need to watch out if it gets broken easily or not.

mayurdharod

NSE:INFY Infosys has in a very time frame made three attempts to break the resistance line. With all IT stocks up and higher volumes likely to break out in short term. Buy above 1150 for a 100 points move.

mayurdharod

NSE:DRREDDY has been in positive trend with a higher high and higher low. Once again it has taken support of the lows made last week and bounced back well. I personally pefer going long above 4900 for a target of 5300-5500. Use trailing stop loss once entered.

mayurdharod Updated 

NSE:DHAMPURSUG can break out on either side and needs a close watch. Volumes also will be crucial to watch out for at the break out/down point. Good entry would be above 148 for a quick gain in short term.

mayurdharod

Good break out today in Igarshi Motors. Buy for 620-640 range.

mayurdharod

DLF broke out of the rising channel on the 4th attempt today. But ended up giving up the gains with the profit booking in the broader market. Closing below yesterdays close of 191 at 184. Tomorrow if opens below todays low can be a good short option upto 166 with trailing stop loss. The issue with rising channels is the entry at higher levels. Ideally break out...

mayurdharod

Ashok Leyland has seen a good bounce back. All the mis conception of commerical vehicle sales slowing down seem to be negated. With the covid vaccine launch any time soon the demand for cold storage vehicles will drastically shoot up to make sure the vaccine reaches every corner of the country. Buy with a target of 124 for now and watch out for more based on the trend.

mayurdharod

VRL has been in a good consolidation from March and finally breaks out of a 45 points range. Buy with a target of 230.

mayurdharod

Hindalco has been testing 221 for the past few quarters and has broken out of it today finally. A rally from 80-220 that is 160 points. I would consider a 160 points rally from here as well in the next few quarters. For short term looking at 260-280 range.

mayurdharod Updated 

Bata had consolidated well over few months. The convergences are indicating good momentum. Wait for 1400 to be crossed and sustain for a good entry. Expect 1600-1700 in a quick move.

mayurdharod Updated 

Reliance hourly has seen multiple support and resistance at 1960 levels. Break of this can give a quick short opportunity for 30-40 points. Reversals from this point can be a good look out point to build long for small upside. Over all good if breaks out of the range.