nimble-builder domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home1/portfol1/public_html/wp/wp-includes/functions.php on line 6121restrict-user-access domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home1/portfol1/public_html/wp/wp-includes/functions.php on line 6121After months of nearly continuous upswing, Just Dial has just seen the first serious bout of profit booking / reaction or whatever term that is used for such reactions these days. As the chart below shows, the stock tested its lower trend-line support and while it can be seen as a support, bigger support arises in the range of 1040 – 1090. Since the fall has not been accompanied by rising volumes, at the moment we can discount the possibility of this being a distribution.
Most Gyms offer “Weight reduction Programs”. For the shareholders of “Talwalkars Better Value Fitness” though, the company has in addition offered a “Money Reduction Program” as can be seen in the continuous deterioration of price of the stock since it made its high in late 2010
KPIT like most other IT stocks has had a tremendous run in the last few years. 2014 though seems to have halted that rise as the stock has seen a strong decline in the last week and this week. This has resulted in it breaking a long term trend-line support as well and one needs to see how the stock performs at its major support zones before one can confirm as to whether this is just a storm in a tea cup or is it something much more serious.
For quite some time, Dewan Housing Finance had been one of the laggards among housing finance companies. But since October, the trend has started to change quite substantially to the bullish side and with today’s move, the stock has broken out of the recent pivot high as well.
While much of the real estate sector stocks remain in doldrums, some stocks are showing bullishness though its no walk in the park either. Prestige is showing clear signs of bullishness with the daily chart showing higher high and higher low. The stock is also trading above the 200 day EMA though the amount of times it has broken this level makes the level a suspect.
Sesa Sterlite, the company that emerged out of the merger of Sterlite into Sesa Goa has been on a bearish trend from quite some time now though it now seems to have consolidated and started to move higher.
On the daily chart below, we can see that the stock has formed an ascending triangle and though today’s breakout is now showing much promise, the next time we were to break and close above today’s high (213), we should see a strong rally on the cards with the next level of resistance coming in at around 250 levels.
PSU stocks rarely come in the limelight as the volatility of most listed PSU stocks is pretty low and the performance being sub-par, there is not much of an activity in many stocks. But the recent dividend stripping from Coal India seems to have infused some fresh impetus to many and one of the stocks that caught my eye is HPCL.
HPCL after making a low in August 2013 has been slowly inching up though its yet to break any crucial resistance levels. The stock is currently placed just below its 200 day EMA as well as its major resistance level of 240. While the stock is currently moving in a channel formation, any strong move would ideally break the pattern giving us a clear target based on the same.
