Stock Picks

24th March, 2014 and ahead: Stocks to watch

ARVIND
ARVIND
Arvind has given a strong breakout above the 159-161 zone with a huge spurt in volumes. The stock has potential targets of 185. BUY at 165, SL: 158, TGT: 179-180 levels.

AUROPHARMA
AUROPHARMA
Aurobindo Pharma breaking above 545 levels can see the stock head to 600-610 levels. Support exists at 525-530 levels.

ABAN
ABAN
ABAN is breaking out from consolidation after 2 months. The stock could move upto 550 with support being at 480 levels. One can trade these levels as it appears a strong pattern.

BAJAJCORP
BAJAJCORP
Bajaj Corp is breaking out of 200-225 range. The stock currently at 232 levels can test 250 levels. Support exists at 224.

CENTURYTEX
CENTURYTEX
If CenturyTex breaks below 335, we can see it heading down to 327-/320 levels. The stock is an up channel. If it breaks above 355, we can see a strong upmove in a short time.

JSWENERGY
JSWENERGY
If the stock manages to break above 58, we can see it zoom to 68-70 levels. It's a good stock to track this week.

RCOM
RCOM-Weekly
The weekly chart of RCOM gives a textbook target of 150 if the stock manages to break above 128. BUY above 128, SL: 121, TGT: 142/150+ (Levels can vary)

SINTEX
SINTEX - Weekly
Sintex has broken out of afalling trendline on the weekly charts and also closed above the resistance of 41 (Purple Line) which suggests that in the medium term we can see the stock getting strong. Watch out for trading opportunities.

ADHUNIK
Adhunik
 Adhunik is in a strong uptrend and has given a break above 43 levels and is finding support at the levels of the rising blue trendline. BUY the stock near 44.5 levels with SL at 41.8 for upsides of 50-52 levels.

AHMEDFORGE
AHMEDFORGE
 The stocks is retesting it's breakout levels of 122 after creating a high of 140.9. Keep an eye on the stock for signs of support near the 118.5-120 levels for a trade upto 135-140 levels.

ASHOKA:
ASHOKA
 BUY Ashoka near 75 levels with SL of 71.5 for targets of 84 levels. Be careful as the stock is a little low volume stock.

BANCOINDIA
BANCOINDIA
BancoIndia has given a breakout above 60 levels. Currently trading at 64 levels, the stock can show sharp upmoves once it breaks above 67.5 levels.

CEAT
CEAT
 Ceat has continued to move upwards and has recetly broken resistance with big volumes above 415 levels. Currently at 445, we could find good trading opportunities on any dips seen in the stock.

GSFC
GSFC
 GSFC is in a multiyear downchannel with the upper range near 55 levels. Track this stock for a close above 55 for big trading opportunities.

IFBIND
IFBIND
 IFBIND is another breakout stock which can give good trading opportunities if we see the stock sustain above 84 levels with 15,000-20,000 volume of shares. This stock is also a thinly traded counter and so keep quantity low.

IMFA
IMFA
 IMFA has broken a multiyear range bound move with a break above 240 levels. Currently near 247 levels, BUY the stock with SL at 234 for targets of 273-275 levels. In the coming months, we can see the stock move upto 390-400 levels.

JKTYRES
JKTYRES
JKTYRES is another breakout tyre stock which has given a good breakout after retracing upto 50% of it's Sep '13 to Early Jan '14 rally. Track the stock for a move above 182 levels for good trading opportunities.

MONNETISPAT
MONNETISPAT
Above 96, we can see Monnetispat move to 114-115 levels.

RML
RML
 Currently at 141, BUY with SL at 135 for targets upto 151. This stock is thinly traded, so keep the quantity low.

SARDAEN
SARDAEN
 Watch this stock for any break above 111 levels for a strong 10% upmove. Caution, This is also a thinly traded stock.

SUMMITSEC
SUMMITSEC
 The stock is a low volume stock and we can see further upmoves in it as long as it sustains above 115 levels. Wait for a dip near 120-122 levels for trading opportunities.

TEXRAIL
TEXRAIL
 Watch this stock for a move above 48 levels. It could move to 53-55 levels.

VARUNSHIP
VARUNSHIP
 BUY at 7.5-7.6 levels with SL at 7 for targets of 9.

VSTTILLERS
VSTTILLERS
 The stock is moving strongly northwards and a break above 940 can see the stock rush towards 1000 levels. BUY above 940, SL: 920, TGT: 980/995-1000

ZICOM
ZICOM
ZICOM has broken out from it's downchannel. The stock, currently at 63.65 levels can be bought with SL at 61.5 for target 67.5.
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