Idea: Will Bulls offer some support
The stock has been trying to establish a base around 165 for last few weeks. One can assume that stock will be successful and manage a decent trading bounce from current levels.
Adani Ports: Trading near Highs
Adani Ports is a Leadership stock of current bull market and one can see that truely in stock performance. The stock is trading at highs and trying to breakout to new high. Technically, the stock should succeed
Coal India: Stock has done nothing
Sometimes it's frustrating to own a stock that does nothing for weeks and months. Coal India is one stock and chart clearly depicts that.
HDFC Bank: That's what stocks in strong Bull market do
A stock in strong Bull market always find dip buyers at 200 dma. HDFC Bank just did that this month - a decent 8-10% bounce from 200 dma
KEC International: Momentum Buildup
Some stocks give clear signals on what they want to do next. KEC International through recent price action does indicate that stock wants to go much much higher.
Jain Irrigation - case of turnaround momentum: Still waiting?
I covered Jain Irrigation on May 20 2015. The stock has been one of the worst market performers for fairly good period of time now. But in last few days - stock made a huge gap-up move on good volumes. Is this sign of turnaround? Well only time will tell but speculators might have started betting on it
Punj Lloyd Momentum move: Never Lose Big Picture
Punj Lloyd stock made a big move last week but there is nothing to be excited. Look at the big picture - the stock is in downtrend and one large move does not change the perception around the stock among institutional community.
AIA Engineering at 200 dma: Building Base or ??
AIA Engineering stock had a dream run in 2014. After such a steep run, its natural for stock to trade sideways and consolidate. Is that's what AIA Engineering attempting to do or stock has some other plans? Interesting price point to keep an eye on
Arvind: Another stock attempting at base building
Arvind stock made a stunning move in late 2013 and early 2014. Post that stock has been quite lackluster. Is stock now after huge run, trying to build base around 240? Well only time will tell
Please share your comments on what you think of above stock observations
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers