Stock Picks

WEEK 15 July 2013

1. STATE BANK OF INDIA
STATE BANK OF INDIA

SBI is near a very crucial and strong support zone: 1800-1900. The strategy should be to BUY and hold. And add on dips near 1850, SL should be 1790 and the target lies at 1970/2070/2200.

2. AMBUJA CEMENT
We have given the details in a previous post. Click here to read it.

3. JAMMU AND KASHMIR BANK
J&K BANK

The chart shows a nice pop above the 1250 resistance after some consolidation. Any dips till 1250 should be used to BUY and SL for trades must be at 1235. TGT: 1310/1350/1390.

4. JM FINANCIAL:
JM FINANCIAL

A close above 26.75 can resume the uptrend in JM Financial which has been consolidating sideways for quite sometime now. Above 26.75, the targets are 29/30.

5. JINDAL STEEL
JINDAL STEEL
After a big sell-off, JSPL is now looking for some space and correction. Keep an eye for a good pop above 230 levels. BUY above 230, SL: 220,TGT:  236/245+

6. JUBILANT FOODWORKS:
JUBILANT FOODWORKS
When people were coming up with targets of 500-600 on JBF, it rocketed from 920 to 1180 levels. The stock has still not formed a top and upside remains till 1300. Buy on dips till 1146 and have a SL at 1125 and TGT comes upto 1250/1300.

7. KAVERI
KAVERI

After a good run up, this stock is getting squeezed as the chart shows. Trades can be initiated for profiting from 1600-1630 range. BUY above 1630, SL: 1595, TGT: 1680/1720+

8. LA OPALA RG
LA OPALA RG
BUY LOR and add on dips till 384, SL: 373, TGT: 448/460+

9. SUPREME
SUPREME INDUSTRIES

BUY Supreme with SL at 344, TGT: 365/378+

10. SUZLON
SUZLON

A consolidation is being seen in Suzlon after a big sell-off. BUY with SL at 8.5, TGT: 9.1. Above 9.25, the target is 9.75/10.4+

11. ITC
ITC
ITC has resumed its uptrend, time for us to ride it up again. As you can see, the 20MA is looking ready to corss the 50MA which is a bullish sign, as the stock has given a break and close above it previous highs of 350, the stock now has potential for moves upto 390-400. BUY with SL at 335, add on dips near 345-348 levels and hold.

12. DABUR
DABUR

Dabur has been rising for the greater part of the last 2 years and has seen consolidation for the past 2 months. The moving averages and the price was getting squeezed and this has formed a base. Today, the stock witnessed good buying and a break from the consolidation zone. This creates an opportunity for a positional trade in it. BUY in the 160-170 range, add on dips near 155, SL: 150, TGT: 185/200+

13. PVR
PVR

Another stock which gives an opportunity of a positional trade after a round of consolidation. BUY above 350, add on dips near 335, SL at 325. TGT: 375+
Powered by Blogger.