Diwali picks

 

Sr no. Date recommended Name Reco price Target  SL % Return
1 6-Nov-15 IFCI 25.1 30 22 18%
2 6-Nov-15 HCL INSYS 51-52 63 44 22%
4 6-Nov-15 MOIL 210-211 250 190 19%
5 6-Nov-15 UNICHEM LAB 270 240 322 20%

 

IFCI

NSE IFCI EQ_Daily_1Year

As seen stock is forming a bullish flag in a daily chart which is perfectly matching volume principle. Hence one can Buy near 25.10 levels with an upside move till 29.9-33 levels.

HCL INSYS

NSE HCL-INSYS EQ_Daily_1Year

As seen stock is forming a bullish flag in a daily chart which is perfectly matching volume principle. Hence one can Buy at 51-52  levels with an upside move till 62-68 levels.

MOIL

NSE MOIL EQ_Weekly_1Year

After a steep fall, finally price and volume had given some positive news. Volume gained 5x above its last 12 months average volume. Price also trading above its 10 weeks SMA.

UNICHEM LAB

NSE UNICHEMLAB EQ_Daily_1Year

After piercing its prolonged range band, price retrace down till its support line . Hence one can buy at 269-270 with an upside move till 338-350 levels.

IFCI (Bullish Breakouts)

IFCI

INSE IFCI EQ_Daily_1Year

 

Rationale : Stock pierced its prolonged falling trendline and trading near its crucial resistance at 22.75 levels.

Below volume and major Momentum Indicator too support the bullish view, as  they are the leading                             indicators.

Stock has pierced Symmetrical Triangle and forming an Ascending triangle. Hence above 22.80 stock                       might rise till 24.50-25.60 levels.

Buy Above 22.80 Sl 21 TGT 24.50-25.80 levels.