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.
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...
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.
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.
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....
With Natural Gas prices flying...this stock could be one of the beneficiaries.
Long at CMP with SL below 230. Its broken above its downward trendline and gas prices seem to be going of the charts and should stay up esp since we are heading into winters when gas demands are usually at its highest.
Fundamentally a super company in Plastics.
Technically the stock could breakout of a box post a time based correction its had for a long time while it was in the ASM framework.
Its now nomore in ASM list.
Long above 2350 with a 5% SL. So thts close to 2235.
Stock seems to have formed a nice base and is a small C&H breakout above 620.
The SL is slightly deep so plan your trading accordingly..
Long above 620.
SL: positional SL below 580. (Shorter term traders can even keep a stop at 605)
Fundamentally a very sound pharma company which works very differently from generic pharma.
Future is very bright and is awaiting one big USFDA approval.
The stock could potentially breakout of of a C&H formation above 1000.
SL at 10% as i believe this stock deserves a chance to run.
The only hitch is i am not expecting a great Q4 result from...
A sleeping giant that could now finally move with Crude making newer highs..
I dont think it will go above 120-123 till this month's expiry because of the call writing done at 120 levels..
But if crude can sustain a massive short covering rally can happen here going ahead once it stabilizes above 120.
Watch for this to be one of the stocks for next month...