Book profits in Bajaj Electricals

Bajaj Electricals has been making lower tops and lower bottoms since 4 trading sessions. Weakmess is seen in the stock.
Sell and book your profits!

Buy ITC India

ITC India has been in a uptrend since March 2010. It recentyl touched the uptrend line on 22nd-July and has bounced back from there - thus confiring the trend.

It can bebought at current levels of 307 for a short term target of 320 and higher thereafter.
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Buy Sun Pharma with a target of 2000+

Sun Pharma has  a good momentum. Its formed a base at 1500 in June 2010 and has been moving up. It dipped in mid-july and bounced back again which shows strength in the stock.

It can be bought at the levels of 1822 for a trget of 2000+

Buy Bata India with a target of 340

Bata India has been in a range for a while, its broken that now. It can be bought around 290 levels for a short term target of 304, and a medium term target of 340.

Bata is a domestic consumption story which is not affected by the global turmoil. A good stock to hold.

Book profits in L&T

Traders can book profits in L&T. It has achieved its target of 1800. Its broken the uptrend line which started from May-2010 and is looking weak on the charts.

Buy McNally Bharat with the target of 376

 McNally Bharat can be bought aroun 312 levels, once it crosses and holds 318  a target of  376 can be seen.
On the charts a new trend is developing.

Book profits in Crompton greaves.

Book profits in Crompton greaves. its target of 290 was achieved and its now turning back.

Book Profits in Aventis Pharma, BlueStar

Both Aventis Pharma, BlueStar have had their run-ups and are now consolidating. Profits can be booked in them.

Book profits in Lloyd Electrics

Lloyd Electrics is looking weak and profits can be booked in it.

Book profits in Gujarat Flourochemicals

Gujarat Flourochemicals has had a good run up and is now in over-bought territory. It can consolidate from here. Book profits!

Book profits in GIC Housing Finance.

Book profits in GIC Housing Finance by selling it around its target price of 110. Its had a good run up, the ADX is at 44. It most likely can consolidate from here.

Book profits in Pfizer.

Book profits by selling Pfizer around 1220. Its has had a good run-up and will most likely consilidate here. The ADX is at 57 which suggests its had its good run up.

Book profits in IPCA Labs

Sell and book profits in  IPCA Labs around 291 - which is close to its target of 290.

Buy BOI for a target of 400

Buy Bank of India around 345, it is showing lot of strenght and once it crosses above 352 then the next target for it is 400.

Book profits in Elecon Engg

Elecon Engg has had a good run-up and now has started to look weak. You can book your profits in the stock if you had bought when recommended earlier.

Buy Gujarat Flurochemical for a target of 175

Gujarat Flurochemical can be bought at current levels for a target of 175.  its finished its consolidation phase and is on a start of a new upmove.

Buy Dena Bank with a target of 100.

Dena Bank has broken out of its resistance of 93. Its next target can be 100.

Buy Lloyd Electricals and Engineering for a target of 95

Lloyd Electricals and Engineering has broken out of the symmetrical triangle and it can be bought at the level of 80, for a short term target of 95.

Buy BASF India for target of 460

BASF India can be bought around 420 levels for a target of 460.
Its consolidated and made a good base formation and is trading close to its long term trend-line.

Buy UB Engineering for target of 200-220+

UB Engineering can be bought at these levels of 188 for a target of 200-220. It has been in a consolidation phase since mid April; and has recently come down to 165 which is very close to its long term trend line, from where it has bounced back.

The fundamentals of the company are very strong, and the stock can be bought for short term targets of 200-220.

Buy Rallis India for long term investment for a target of 1640

Rallis India has been in an uptrend since Jan 2010. It has touch its long term trend line thrice which confirms its long term upmove. Currently its made a base around 1017 and is trading close to its trend line.
Rallis has shown a remarkable improvement in its results, its EPs has grown at the rate of 30%, profist have risen 30%, itshas reduced it debt by 90%

It can be bought at these levels for a target of 1640.

Buy Glenmark Pharma with a target of 290-350

Glenmark Pharma has made a good support at 250 and it has bounced back from there. It also touched its long term uptrend line at 248.
From here on it can touch 290 and if that level holds then it can touch 350 as well.

Book profits in TTK Prestige.

TTK Prestige has shot up a lot in the past 3 trading sessions giving a whooping profit of 40% from teh date of recommendation. This stock can be sold and profits booked as this rally doesnt look sustainable as its a low equity stock. Profits can be booked now and further buying will be recommended on falls.

Buy BEML with a target of 1100.

BEML has been in a downtrend since Jan2010. its broken the down-trned line and closed above it at 1009. It can be bought at those levels with a target of 1100.

Tata Chemicals can be bought with a target of 356

Tata Chemicals has broken out of its symmetrical triangle. It can be bought at the levels of 319 with a target of 356. Its also made a base at 306 and has been trading close to its long term trend line - which makes it a good entry point.

Tata Steel can be bought with a target of 550 and 600

Tata Steel has made a base at 450. It has also broken out and closed above its 2 month down-trend line. it can be bought at the levels of 490 with a target of 550 and 600.

Balmer Lawrie can be bought at current levels with a target of 680 and 750.

Balmer Lawrie has made a base at 565 and has broken out of the triangular pattern with increasing volumes.

Balmer Lawrie has alse been in a long term uptrend since Aug 2009.

Bajaj Electricals can be bought with a target of 240

Bajaj Electricals is in an uptrend since Aug 2009. Recently it just touched its long term trend line at 200. Its broken out of the triangular pattern and resumed its upmove. Its medium term targets can be 240.

Buy Compton Greaves with a target of 265/280

Crompton Greaves has been in a long term uptrend since June 2009. Recently from past 6 weeks it has consolidated and touched its long term trendline at 230. It resumed its upmove again and broken out of the tiangular formation. It can touch 265, and if that holds then 280.

Buy Cadila Healthcare for target of 670-690

Cadila Healthcare has been in a steady upmove from July 2009. Its moving up constantly and steadily. Currently its trading close to its long-term trend line and can be bought between 600-615 for a target of 670-690.

Buy Century Textiles for a target of 500/550

After falling down for 6 weeks, this week Century Textiles has consolidated and closed positively this week on weekly charts. Its formed a base at 421, and also broken out of the symmetric traingle. Its targets can be 500 and if that holds then 550 is also achievable.

Buy GMDC with a target of 150-160

GMDC has been falling since Feb 2010. Today it has broken out of the long term down-trend.  It has made a base at 109 and has broken out of the triangular pattern formed since Feb 2010.

Its targets are 150-160 in the medium term.

Buy Elecon Engineering for a target of 85-100-110

Elecon Engineering has been in a long term down-trend since Nov 2009. It has also broken on the upside of the triangular formation since Nov 2009. It can be bought for medium term for targets of 85-100-110.

Buy BHEL with a target of 2400 and 2500

BHEL can be bought around 2337 with a target of 2400 and 2500. BHEL has just broken out of the triangle formation and closed above it. It has also touched its long term trend line at 2263 and bounced up from there. Allin all the price movement of the stock looks positive.

Buy Havells India with a medium term perspective, for a target of 800

Havells India can be bought around the levels of 625 for a target of 800 in the medium term.
its broken out of the triangle consolidation and is trading close to its 52-week high of 674. Its got support at 600.

Buy PNB for medium term investment

PNB (Punjab National Bank) has broken on the upside of the triangle formation. It is also trading close to its long term trend line - which makes it a good buying price. It can be bought anywhere between 990-1023 for medium term horizon. Some resistance is sen at 1045; but once it crosses that then it would be touching 52-week high and making new highs.

Book profits in the following stocks

You can book profits in the following stocks. They all have had a good run-up and before they turn down or start to consolidate profits can be taken home.

(1) Torrent Pharma
(2) Yes Bank
(3) Colgate
(4) Novartis India
(5) Shriram Transport Finance

Buy Aventis Pharma for 3-6 months

Aventis Pharma can be bought around 1840. it has been in an untrend since Jan 2010. Currently it has just touched the long term trend line and is honouring it well. It can be bought with a time horizon of 3-6 months.

Buy Greaves Cotton for long term

Greaves Cotton is in a solid up-trend since Sept 2009. It can be bought around 340 for for long term. The ideal buy price would be around 325 where it would be trading close to its long-term trend line.

Buy TTK Prestige with a target of 700 and higher.

TTK Prestige and finished its consolidation phase, and has also broken on the upside of the triangular pattern. The indicators are positive and show a development of a new trend in the stock. It can be bought with a target of 700 and higher.

Buy Pfizer with a target of 1126 and higher.

Pfizer is trading close to its 52 week high. Its just broken out of its 3 month trading range of 999 - 1086. The indicators also indicate a start of a new trend. it can be bought with a target of 1126 and higher.

Sell Binani Cement

Binani Cement can be sold at cost to cost. Few days ago I had given a buy call, but it doesn't seem to be a right call. Usually during monsoons the cement demand is low and the cement stock don't perform well. Surprisingly cement stocks are still rallying.
This year the monsoon is also on time and not much upside will be seen on cement stocks for the time being.

Buy Binani Cement with a target of 85

Buy Binani Cement around 79 with a target of 85.

Buy NALCO with a target 450 and 470

Buy NALCO around 427 with a target of 450, and if that hold then 470 can be seen.

Buy IPCA Labs for a target of 280 and 300

IPCA Labs can be bought around 270 for a target of 180 and 300. It has broken out of the triangle pattern on the upside;also its making higher highs since last 4 days.

Buy Colgate for a target of 772

Colgate can be bought around 738 for a target of 772. It has broken out of the diamong consolidation and has remained above it for 2nd consequitive days.

Buy Blue Star with a target of 435-440

Blue Star has broken out of a triangle pattern on the upside and is developing an uptrend and can be bought around 404, for a target of 435-440.

Buy Siemens for a target of 733 and 766

Siemens has made a good base formation at 657, it has also broken the triangle formation on the upside. It is currently trading around 700 - it can be bought at these levels for a target of 733 and then 766.

Buy Sun Pharma for a target of 1691 and 1750

Sun Pharma has fallen a lot with the market and has formed a good base at 1516 and on Tesday 25th May it has also broken the triangle on the upside. It can be bought around 1585 for an immidiate target of 1691, and if that holds then 1750 can be seen.

Buy Novartis for target of 622

Novartis is on an uptrend even in this falling market and can touch 622 - where it can face some resistance. It can be bought at teh current level of 600.