Friday, 22 February 2019

Tata Motors - aur kitna maroge

Bought Tata Motors
Nifty Auto MACD (Daily) is turning bullish
TaMo MACD (Daily) is bullish
Closed above 50DMA
Bought at 173, Target 229
SL 164





3rd March

Rumours about TaMo selling part of JLR floating around. Stock above 50DMA, hold for the moment. Add more after 187

Tuesday, 19 February 2019

Yes Bank - All that could go wrong...

Buying Yes Bank in small tranches.
Bank has got all clear from RBI
New Management has been announced
There was a big gap up suggesting a run away gap
MACD (W) Bullish

Buy around 215
SL 186, Target 322
R/R 3.84



Update - 3rd March

Moved to 238, new CEO in place. Story getting stronger

Next target is 268 which is 200DMA





Sunday, 17 February 2019

ONGC - Can it go any lower


Stock trading at multi month lows
Has a pattern of going up from these levels

Bought at 140
SL 125
Targets 185, 210


18 Feb
MACD(W) - Not bullish yet



3rd March

MACD(W) - Bullish.
Next Target 200DMA at 158. Stop loss 144 below 50DMA



Dish TV


Saw Nifty Media index showing strength on MACD (Weekly)
Dish TV has just had a bullish crossover on weekly basis, and there had been consistent volume build up

18-Feb

Moved above 50DMA
Near Term Target 42

19th Feb

Added more, as the chart is showing strength in falling market
Cleared 50DMA

21-Feb

Added more, looks like moving towards 42

3rd-March

Has seen great momentum, and looks good for a move up to 200DMA at 53


Balrampur chini - Sugar & Ethanol play


Sugar sector is in the news with Ethanol being pushed by the govt.
Balrampur after going in for a deep correction is looking good
200DMA has turned around 
MACD is bullish 
Classic Cup & Handle pattern can be seen
Got in around 112
Target around 180
Stop Loss 106


19th Feb

Added more, as the pattern is looking good

3rd March

Trade is moving along quite nicely.
Next target - 145 & then 160

Titan - All time high

Titan has been on the radar for a while, and I started buying once it cleared ATH.
ATH - Is a good place to buy as most of the selling would have already happened.


18th Feb

Lately showing some weakness as can be seen in MACD.
Overall market is looking weak, may book profits if it closes below 1025