Suven Life Sciences - Rs.89/-

suven life science has give a break out above 80 nearly one month  back and has been consolidating above the break out level. this is an indication of good bull power building up and also the volumes are also increasing gradually which is pointing towards a possible up move in coming weeks. fundamentally the stock has been performing exceedingly well. its EPS has grown mov that 300% quarter on quarter for last five quarters. each quarter its EPS was more that 300% of the relevant quarter. all this is pointing towards a good fundamentals and a probable up move post break up consolidation. Stop Loss: 70/-

M.MahidaR Sri

Trend is Friend

Enjoying Life

Asahi Songwon- has give break out today on moving and closing above 100 which is a very good sign. i have recently at around Rs.90 levels has given the technical break out and today it has confirmed the same.

IDFC - 135

IDFC seems to be building base for a sustained bull run. As it can be seen from the chart that the stock has moved above the 200 day EMA and also moved above 200 week EMA both of which are most power full indicators of bullishness in the stock. The 100 day EMA has moved above the 200 day EMA which is very bullish signal and generally it signifies a healthy movement is about to come over weeks or months to come. historically 2 out of 3 times when ever 100 day EMA has moved above 200 day EMA the stock has more that doubled. will this happen this time only time will tell. what ever may be the case the stop loss should be:Rs.110

M.MahidaRSri

Trend is Friend

Enjoying Life

Dishman Pharma- Rs.99/-

Dishman Pharma seems to have just give a break out. refer to chart above. during last five months it has taken support at the 200 day EMA four times and was in the range of 85 to 90 and today it broke above the range and that toooo with heavy volumes which confirms the up move has just begun. the Volumes traded during the range trading indicates that good amount of accumulation has gone into the stock and we might easily see it raising 30% from current levels. so a very good buy technically. fundamentally also it has TTM EPS of 19 against the EPS of 13 for FY-13 and also for the quarter ended March 2014 has an EPS of 8.65 an increase of 276% and for the quarter ended dec 2013 EPS increase of 163% which clearly states that the stock is poised for good days to come so a good buy at this price both fundamentally and technically. Stop loss below 200 day EMA.80/-

M.MahidaRSri
Trend is Friend
Enjoying Life

Hariyana Ship Breakers:Rs.62/-

Hariyana Ship breakers has broken out of nearly 10 year consolidation range, it was stuck between 20-55 for last 10 years and now today it has broke out of it and has made an all time high which clearly indicates that the stock is poised for a healthy break out. One can expect the stock to double from the current level. the TTM EPS of the stock is 20 so quoting at a pe of 3 only. The companies EPS has increased from 9 to 27 over a period of 5 years but the stock price was stuck in range only. the fundamentals have improved a lot but price has not reflected the increased fundamentals. The company has give an EPS of 33 in the last two quarters. So the fundamentals are improving and the break out now is a good sign. so a safe bet as on now. Stop Loss Rs.400-

Weekly technical Analysis for week ended 30^th May 2014

Nifty during the week opened on a high note moved up and made a high of 7428 on Monday and there after started to move down and all during the week the market was forming only red candles and moving down and it made a low of 7118 and finally closed at 7229. Whole during the week the market was in the range of the 16^th may opening candle only. During the last two week the market was in the range of the opening candle of 16^th May (election result day) and on Friday it moved below the low of the 16^th may candle. The movement in the range of the candle is indicating the there is some amount of selling coming into the market in short term as at every rise selling is coming. The long tail on 16^th itself is indication the heavy selling has gone into it and it would require an fair amount of buying to move above the high of 16^th of may. This week the market has touched 20 day EMA and the moved up this has happened 3^rd time during the last three months. Every time it touched or moved below heavy buying has come. So we have to see whether we move below the low of 16^th may or not. Any close below the low of 16^th may candle is an indication of weakness and we can see market moving further down as it would signal the movement of market below 20 day EMA. So we have to keep a close watch on market this week. Also we have RBI credit policy this week which would give the idea about the new governments view. The budget is going to be presented in second week of july, so whether the market would correct till then and then move up only we can speculate. Governments view and policies would be out only in budget, So FIIs should be waiting on side lines till that time. And they would jump in if the budget focuses on growth so we have to wait for budget to complete to see for a major move. My view is that we might not make a new high till the budget. But as I say price is the king.

 Above the chart of the nifty for last 2 years, it can be noted that the nifty has broke the trend line of last two years in the month of may and move up and made a new high. But generally when the long term trend line is taken out the market move up comes down takes support/breaks the trend line and then starts to move up and that would be the genuine move or a perfect technical set up. If this is being set up then we can expect the market to move below 7000 towards 6900 levels and then start an up move which can take it to a new high. We have to see the same.  The important event would be when the market takes support or breaks the trend line on down wards. So that event has to be watched with utmost care.

M.MahidaRSri

Trend is Friend

Enjoying Life

Ador Welding:Rs.168/-

 The stock has move above the 200 week EMA. It has consolidated around 200 Week EMA and then started to move up so a good technical buy. in the mean time the stock has also moved or broken above the sloping trend line(blue Line) drawn from the top of April 2006. which is nearly 8 years( fibonacci) which is indicating that the trend might have reversed and we might see the stock move substantially from the current levels.We may not be surprised even if it make a new high which is around Rs.500. Generally such a long term trend line breakup signals trend reversals and the stocks goes on to move above previous high. so a good buy with stop loss of Rs.130/-.

M.MahidaRSri

Trend is Friend.

Enjoying Life