Another Triangle formation Observed (Moser Baer)

Moser Baer still remains within a triangle consolidation pattern that has lasted at least since 2009 started, and now we’re seeing an even tighter triangle within the larger triangle. When will it ever end!? Soon, perhaps Let’s take a look at the current Moser Baer Daily Chart.

The boundaries have now contracted so we need to be watching the 95 and Rs. 85 prices for signs of a potential breakout one way or the other.
MACD suggests postive breakout for which intial target can be around 115 and then 140 is also possible.
Remeber , it is one of those stocks which is still trading at discount to Book Value of Rs. 100.

Use the Dip in the Market to Add this stock to your portfolio for a handsome return of 30%.

Enjoy Investing..

Thanks,
Bhupesh

Buy Suzlon Energy

6 oct 09

Suzlon Energy Limited has informed the Exchange that "The signing of a repeat order for 57 MW with Ayen Enerji of Turkey. The order will be supplied with 27 units of Suzlon S88-2.1 MW turbine, to be installed at the Seferihisar and Mordogan projects in east Turkey."

Suzlon receives repeat order from China
July 8, 2009

• Repeat order for 40 units of S.64 1.25 MW turbine

• Consolidate its presence in China wind Energy market
Suzlon enters Bulgarian wind market
Monday, July 20, 2009

· Order to supply 12.6 MW through six Suzlon S88 2.1 MW wind
turbines
· First order with partner Technomash Bulgarian Industrial Group

We have seen such companies turning around very fast and the view getting changed, the classic example has been Wockhardt Pharma where we have seen share prices almost doubling or more than that. The moment you have seen some of the funds getting infuse or rather getting rescheduled, so same thing is expected to happen in case of Suzlon also.

The above orders tells that this Company is doing good and once the debt restructing is complete, the stock can get re rated aand can provide 40-50% of returns.

Adding the Interview of Suzlon's management:
http://www.moneycontrol.com/news/business/sales-to-be-skewed-towards-h2-fy10-suzlon-energy_418430-1.html

Channel formation in Astra Micro Wave

Looking at the Weekly charts of Astra Micro Wave a niche player in Defence Sector, It seems there is some kind of channel is forming. Currently it is trading around 88, which according to channel is a very good support and a potential candidate for buy. Also 3/10 PPO is showing postive diverngence. Any good event can trigger this stock to 140 levels. Lets wait and watch.

Happy Investing...
Bhupesh