Infosys: Holding an Important support Level of 1900
Infosys doing well to hold 1900. Is this the new base of the stock? INR weakness seems to be helping IT stocks. Look at how all frontline IT stocks did today
Motherson Sumi: Bouncing off from 100 dma
The Big question: How long it can keep doing it. You will be surprised sometimes how successfully stocks keep doing so.
HDFC: 10% Bounce from 200 dma
I did tweet when stock was at 200 dma. With this bounce - HDFC reaffirms its leadership status which I have been saying for long time
JustDial at Support - Can it survive and bounce on sustainable basis?
Is JustDial a long term play? The stock has come off and trying to discover a base here. Can it survive any bear attack around current levels? If it does, then good opportunity for bulls...
Sterlite Tech: Will it Breakout > 72
The stock is well placed on weekly chart to breakout. The Big question: Will it? If it does, expect some momentum
Mastek did breakout but now struggling
Mastek stock broke out above 421 - pretty strong resistance and rallied to 500. The stock has come off and circling around 421. Can it take off again? Technically it should.
Dewan Housing Finance: A strong stock near 200 dma
Dewan Housing Finance has been one of the strong stocks of current bull market. Ideally such stocks hold on to its long term moving average like 200 dma. Will Dewan Housing stock do that?
Jain Irrigation showing turnaround momentum: Can we trust
Jain Irrigation 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
What can we learn from Delta Corp stock
One day moves do not change the trend of the stock. Stocks have to do a lot to win trust of majority of market participants. Trends do not form so easily.
Lambodhara Textiles: New Momentum stock on radar
I have never heard of this stock but it just showed up on momentum radar. Technically, one should follow to see what it does. Already doubled in no time
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