Book profits in the following stocks

The markets have fallen a lot and broken some support levels. Before your profits get wiped out, book profits in the following stocks:
(1) Bata India
(2) Cadila Healthcare
(3) Greaves Cotton
(4) Sun Pharma

Sell and get out of Gujarat Flurochemicals around Rs 210

Sell Gujarat Flurochemicals around Rs 210 and get out of it. The stock has bounced back to its buying price. Much upside is not seen from here.

Buy Glenmark Pharma for a target of 430

Glenmark Pharma is in an uptrend. It has made an ascending triangle formation on the charts and broken out of it.It can be bought at the levels of 384, for a target of 430.

Add more positions in Karur Vysya Bank for a target of 678

Investors holding Karur Vysya bank can add more positions in it at the level of 523. Karur Vysya Bank has consilidated in a falling wedge pattern and broken out of it. Its next target can be 678.

Buy Gujarat Gas for a target of 469

Gujarat Gas has broken out of its falling wedge pattern. It has also moved above its 50 day SMA and stayed there for 5 days.. it can be bought at the current levels of 400 for a target of 469.

Add more positions in Bajaj Auto for a target of 1734

Buy more of Bajaj Auto. The stock is in a long term uptrend and has broken out of the flag pattern and can touch the levels of 1734.

Add more positions in Jain Irrigation for a target of 263/283

Jain Irrigation has broken out of the down-pattern and started moving up. Investors can add more positions in Jain Irrigation around the level of 240, for a target of 263/283.

Add more positions in M&M

Investors holding Mahindra &Mahindra can add more positions in it. The stock has consolidated and broken out of the flag pattern. The stock is still in its long term uptrend. Its next possible target can be 860.

Add more positions in Cummins India

Cummins India's uptrend is still intact, it had made a falling wedge pattern and broken out of it. Investors holding Cummins India can increase their holding here at the levels of 788. Cummins India has the potential to touch 880.

Buy Federal Bank for a target of 500 and 546

Federal Bank has finished its consolidation phase, it can be bought at the levels of 465 for a target of 500 and then 546.

Add more positions in Cadila Healthcare for a target of 879

Investors holding Cadila Healthcare can add more positions in it around 766. It is still in an uptrend and has broken  out of the flag formation.  Its next target can be 879.

Buy Allahabad Bank for a target of 284.

Allahabad Bank has finished its consolidation phase and had broken out of the flag pattern. It can be bought at the levels of 249 for a first target of 284.

Add more positions in Bank of India for a target of 629

Bank of India has broken out of its downtrend channel and seems to end its consolidation phse. Investors holding it can add more positions in it and average it out for a target of 568 and then 630.

Buy Yes Bank for a target of 394

Yes Bank is finished its consolidation, its taken support at 302, and bounced back from there.  it can be bought at 323 for first target of 394.

Add more positions in Rallis India for a target of 1502

Rallis India has finished its consolidation phase, it broke out of its flag pattern. It can be further bought at the levels of 1420 for a target of 1502.

Buy IDFC for a target of 226

IDFC has come out of the flag pattern it had formed. Its consolidation phase seems to be over. It can be bought around 188 for a target of 226.

Add more positions in Havells India for a target of 485

Investors holding Havells India can do further buying around 400 for a target of 485. 

Buy Petronet LNG for a target of 147

Petronet LNG is in a uptrend and has broken out of the flag pattern. It can be bought at 117 for a target of 147.

Buy IndusInd bank for the first target of 337

IndusInd bank has broken out of its pendant formation. Currently it is trading at 290, it can be bought at these levels for a target of 337.

Apply for MOIL(Manganese Ore India ltd) IPO

MOIL(Manganese Ore India ltd) is a fundamentally strong company. Its IPO can be subscribed at the higher band of 375. It can be held for long term or one can also take listing gains from it.

Book profits in Powergrid Corporation

Book your profits in Powergrid Corporation. The stock has fallen and broken key support levels. Sell it around 93.50 and book profits.

Add more positions in Crompton Greaves

Crompton Greaves has broken out of the ascending triangle formation. Its looking strong on the charts. Investors can buy more stocks here at the level of 343. The target has been upgraded to 380.

Buy LIC Housing Finance

LIC Housing Finance is very strong fundamentally. Nothing is wrong in the company or its structure. The recent scam is only an individual's greed.
People holding it can buy more at the levels of 1070 and average their holding price. The stock will bounce back smartly in weeks to come once the CBI report is out..

Buy Hero Honda with a target of 2050

Hero Honda is in an uptrend inside a trading range. It can be bought the the current levels of 1935 for a target of 2050.

Book your profits in following stocks

Following stocks have broken down from their trend-channel and also broken their support levels. Sell them and book your profits.

(1) J B Chemicals
(2) Gujarat Gas
(3) Corporation Bank
(4) PNB
(5) Federal Bank
(6) Dena Bank.

Most of thebanking stocks are breaking their support levels. Book your profits now. Later if they bounce back then fresh entry will be advised.

Buy Thermax for a target of 986

Thermax is in a long term uptrend. Recently it has made a flag pattern and broken out of it. It can be bought around 890 for a  target of 986.

Book profits in Siemens India

Book your profits in Siemens India. Siemens has broken down from its trend channel and is now trading in a trading range. Sell it around 807. Fresh entry will be advised once it agains starts an upmove.

Book profits in Ultratech Cement

Ultratech Cement is showing weakness and has plunged back into its trading range, investors can sell and take their profits from it. Also it has been trading at high P/E multiples of 39 and is a risky bet to hold now.

Book profits in Tata Chemicals

Book your profits in Tata chemicals. It has broken down from its up-trendline and also broken its support levels. Sell it and take profits home.

Sell Maruti Suzuki

Maruti Suzuki moved up smartly and now is again looking weak on the charts. The smart upmove helped us to recover the losses. Sell it around the cost price (Rs.1476) and get out of it.

Buy IFCI for a target of 83

IFCI  has been in a range upto Sept end, in Oct it broke its range and has been moving up smartly. in last 2 weeks it was again in a range and then broke out of it. IFCI can be bought around 77 for a first target of 83.

Book your loss in Divis Labs

Sell Divis Labs and book 5% loss in it. The stock is trading in a range since a long time and hasn't moved much is past 3 months. Its an underperformer in the Pharma pack.

Gujarat Gas target set to 435

Investors can continue to hold Gujarat Gas, it has consolidated and broken out of the falling wedge formation. Its next target can be 435.

Subscribe to the Powergrid FPO.

Investors can subscribe to the Powergrid FPO at the price of Rs.90. Fundamentally the company is okay and too great, so subscription can be done with the view of listing gains around  Rs.105. Investors with some medium term oulook can een expect it to touch Rs 125.

Buy LIC Housing Finance for a target of 1600

LIC Housing Finance is in a long term uptrend, it has broken out of the bullish wedge pattern and can be bought at the lvels of 1400 for a target of 1600.

PNB target revised and upped to 1440

PNB's has achieved its 2nd target price of 1350, it's 3rd target is 1440. If it holds above 1360 for few days then it can achieve 1440 in the coming weeks.
VERDICT: Continue to hold it and see it grow!

Buy BASF for a target of 760

BASF can be bought aroud the levels of 700, for an intermediary target of 760. On the charts BASF has made a ascending triangle, and about to break it. It is also on an upward rising channel.

Book profits in Coal India

Short-term Investors can book profits in coal India around these levels of 335. Coal India's one year target was 350 but it has already achieved it within 3 days of its listing. Investors can book profits and take their gains home.

Buy Grasim Industries for a target of 2500

Grasim Industries had earlier broken down from  its uptrend trading channel - where a sell call was given But now it has held onto its support levels and has bounced back from there. It has moved back to its up-trend channel and also moved above the 200 DMa - which depicts a bull run in the stock. The stock can be re-purchased at the current levels of 2365 for a first target of 2500.

Buy Havells India for a target of 460

Havells India is in a long term uptrend; recently it consolidated and made a flag pattern; it broke out of that pattern and can be bought at the levels of 420 for first target of 455.

Buy Cummins India for a target of 870

Cummins India has broken out of its 2 month trading range. It is in a long term uptrend. It can be bought at the levels 0f 795 for a first target of 870.

Sell Cipla around 350

Cipla has been in a trading range for a long time. Once again its at the upper end of the range and failed to break out of it. Sell it at cost price around 350 and protect your capital.

Corporation Bank's target revised to 815

Corporation Bank has achieved its target of 750. The stock continues to look strong and its targethas been revised to 815. Continue to hold the stock.

Bata India target upgraded to 391.

Continue to hold Bata India. Its target has been revised and upgraded to 391.

Buy Oriental Bank for a target of 541

Oriental Bank of Commerce can be bought around 503, for a target of 541. It is in an uptrend since June 2010, and has also confirmed its up-move on the trend-line. It has made a flag pattern and broken out of it.

Buy M&M for a target of 777

Buy M&M around 718, for a target of 777. M&M is in an uptrend since June 2010. Recently it made a flag pattern and broke out of it. The stock is looking very positive on the charts.

Buy Indian Bank for a target of 335

Indian Bank is in an uptrend since August 2010. Recently it consolidated by making a flag pattern and has broken out of it. It can be bought around 305 for a target can be 335. Once it reaches there we will revise the targets.

Buy Bank of India for a target of 627

 Bank of India is in a long termuptrend. Recently it has consolidated and formed a flag pattern, and today it broke out of it. It can be bought at the current levels of 545 fo a target of 627.

Buy IGL (Indraprashta Gas) for a target of 376

 IGL (Indraprashta Gas) has made a ascending triangle and broken out of it, it can be bought at the level of 338 for a target of 376.

Buy BHEL for a target of 2770

BHEL is in an untrend channel, it has completed its flag formation and broken out of it. It can be bought at the current levels of 2550 for a target of 2770.