some trading ideas

some trading ideas

Vascon Engineerig  - Made a good base around 32-33 levels, ready for upmove.

Cox and Kings - Made a good base around 180 levels. should cross 200 levels soon and then next target should be 230 levels

Cipla A buy

I am watching Cipla over a Week it is taking a good support around 290 leves. I think Investors can buy at this level with 3-4 month view.

Regards,
Bhupesh

Ashok LeyLand - A potential Buy

SCHEME NAME buy Oct '10 Sep '10
Asset Rs. Cr No. of share %
No. of share

Birla SL Dividend Yield (G) 683.80 1,465,299 1.62% 1,453,128
Birla Sun Life 95 Fund (G) 373.78 384,875 0.78% 355,431
Birla Sun Life MIP (G) 276.41 115,815 0.32% 113,284
Edelweiss Absolute Return Eqty (G) 44.24 36,186 0.62% 35,843
Edelweiss E.D.G.E. Top 100 -A (G) 19.13 18,423 0.73% 881
Edelweiss E.D.G.E. Top 100 -B (G) 19.13 18,423 0.73% 14,055
Edelweiss E.D.G.E. Top 100 -C (G) 19.13 18,423 0.73% 220
Edelweiss ELSS Fund (G) 0.80 1,292 1.22% 1,273
IDBI Nifty Junior Index Fund (G) 51.27 91,312 1.35% 32,062
L&T Multi-Cap Fund (G) 20.38 30,013 1.12% 30,000
L&T Tax Saver Fund (G) 31.99 45,149 1.07% 44,900
Morgan Stanley Growth (G) 1,903.72 3,527,741 1.40% 3,514,053
Taurus Infrastructure (G) 24.85 31,248 0.95% 29,973
Total 1,565.91 5,784,199 5,625,103

It has been bought by 17 schems last month that means there is some poteential buy. Buy it now for a good return of 20-30% in next 4-6 months

European Short term Update

Regional equity markets have bought themselves some time for continuing the months-long
churning we’ve seen since the May lows. At times like these, it’s best to step back and understand what the
larger forces and waves at work are.

[France – CAC 40 Index]

It seems some kind of bottom formation or consolidation is coming to an end, but seeing the global sceanrion the rangebbound trend can continue for some time.. but Indicator sugeesst time to buy or start putting some money slowly and slowly.

Enjoy - Bhupesh

Quick-look-at-the-triangle-breakdown in Suzlon

It had to happen – a price breakout down or a price breakout to the upside.
Let’s take a quick look at the intermediate-term price triangle that formed in Suzlon.

Keeping it simple, you can view it as an descending triangle or a price compression pattern. The implication is that price CANNOT remain trapped between the trendlines forever, as they are clearly converging.

There is goodd possibilty of testing the lows @ Rs. 40 . I think that is a very good support at this moment. Lets keep an aye on this..

Happy Investing..

Bhupesh

Updates

Book Profit in Gati - Call Given @68

Hold SPARC

Hold S Kumars TGT 100.

Thanks.
Happy Investing!

BULL'S EYE - S Kumars

S kumars Nationwide is making a higher high and higher low pattern, which means it is in uptrend. Recently it has a break out above Rs. 80 and made a 52 week high of Rs87.
But this is not done Yet. The uptrend is not yet over.
The undertone is still bullish.
My view is buy this @ current level of Rs. 83 with a SL of 79 for the TGt of 100.
Happy Investing.

SPARC - A buy Candidate

(Click on Image to view full view)

Yesterday July 24th SPARC ( Sun Pharma Adv) has decalred its results and results are fantastic. Lets have a look at the daily charts of SPARC and see how it will unflod in future.

Fibononnaci Trendlines suggest that Upside is there and Near future target is around 116-120. But if it is able to cross that one and sustains above that 170 is also possible. It is good Pharma stock to have in your portfolio.

Happy Investing

Bhupesh

Gati - A buying oppoturnity

Look at the weekly charts of Gati and Trendlines;

Gati has a got a very strong resistance around 70 levels which once it crosses can give good upside return of 20%..

Trendlines are forming some kind of triangle formation which is also about to breakout in upward direction with positiver MACD.

Watch out this space for more..

Bhupesh

Finolex Cables Ltd (FINCABLES:NSE)

Event Details for: Symmetrical Continuation Triangle (Bullish)


Finolex Cables Ltd (FINCABLES:NSE)




A Symmetrical Continuation Triangle (Bullish) is considered a bullish signal, indicating that the current uptrend may continue. The formation occurs because prices are reaching both lower highs and higher lows. The Technical Event occurs when the price breaks out of the triangle formation to close above the upper (descending) trendline, thereby confirming the pattern.




Event Date: Jun 25, 2010
Opportunity Type: Intermediate-Term Bullish
Close Price: 49.95
Target Price Range: 61.00 - 64.00

Price Period: Daily
Volume: 374,257
Pattern Duration: 40 days
Inbound Trend Duration: 60 days

Time Technoplast Ltd

Event Details for: Continuation Diamond (Bullish)

A Continuation Diamond (Bullish) is considered a bullish signal, indicating that the current uptrend may continue. Prices create higher highs and lower lows in a broadening pattern, then the trading range gradually narrows after the highs peak and the lows start trending upward. The Technical Event occurs when prices break upward out of the diamond formation to continue the prior uptrend, which confirms the pattern. More...
Event Date: Jun 17, 2010
Opportunity Type: Long-Term Bullish
Close Price: 52.50
Target Price Range: 64.00 - 67.00

Price Period: Daily
Volume: 592,042
Pattern Duration: 134 days
Inbound Trend Duration: 231 days

Fibonacci Retracement Reference Levels on the US Indexes

I found this one interseting , i hope you can find it as well.

Please refer to http://blog.afraidtotrade.com/fibonacci-retracement-reference-levels-on-the-us-indexes/

Thanks,
Bhupesh

Update on Suzlon

Suzlon wins 27 mw order from ITC
Published on Mon, Jan 04, 2010 at 11:25 Updated at Mon, Jan 04, 2010 at 15:19 Source : Reuters

Suzlon Energy said it has won orders for 27 mw of wind turbine capacity from hotel-to-cigarettes firm ITC. The order includes setting up, operating and maintaining two wind power projects in the western state of Maharashtra and the southern state of Karnataka.

Suzlon More Update

Source : NSE
Suzlon Energy Limited has informed the Exchange regarding a press release dated December 09, 2009, titled "Suzlon wins 31.5 MW order with Rajasthan State Mines and Minerals Ltd.". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Suzlon Update

Source : Money control


Repower has got a big order of 950 MW in canada for the period 2011 to 2015 -this is big news since it shows that financing is coming back - watch out for more such orders from North America after the copenhagen summit in december - I believe the worst is over and Repower acquisition may actually be a smart one in the long run

Danke..

RCF - a good buy for Medium Term

RCF can be a good buy for medium to long term. Currently the share is tradin around 72. Try to buy it around 65 and once it break above 80, then 120 is also possible.


Thanks,
Bhupesh

Accumulate Unitech @ Every Dip

Unitech Posted its results and they are not bad. Looking at the charts of unitech, it is standing very strong support zone of 78-82, which is also 150 DMA. Technically unitech compared to other real estate players looks good and traders or investors can start accumulating Unitech at every dip.

Keep a stoploss of Rs 68-70, then ride it towards Rs 89 and then Rs 96.

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