Sensex
A potential long on Aurobindo Pharma!A long trade can be initiated around 675 levels, if Aurobindo Pharma sustains above it's resistance zone above 650, with targets close to 800 and a stop loss around 615. The Risk to reward is high, with the trade having high probabilities of success, if 675 is tested and our entry price is hit.
Whirlpool - At Inflexion Buy pointWhirlpool 1677.
Stop 1550
Target Open.
Volatility Contraction pattern witnessed (31W 25/9 2T).
Last 4 quarters EPS and sales has been in a general uptrend.
Date EPS %Chg Sales(Cr) %Chg
Mar-18 7.20 +23% 1,257.7 +24%
Dec-17 4.19 -4% 958.0 +18%
Sep-17 5.79 +25% 1,159.7 +37%
Jun-17 10.46 +9% 1,464.0 +15%
Promoter holding 75%
Free float 25%
ENDURANCE TECHNOLOGIES - WATCH OUT FOR A BREAKOUT
Passes basic trend test
Volatility Contraction Pattern - 28W 23/11 4T - in formation
Fundamentals :
YoY quarterly performance in uptrend
Qn-4 Qn-3 Qn-2 Qn-1
Sales 7.6% 11.9% 20.1% 29.1%
OP 14.5% 13.6% 12.9% 35.5%
NP 16.1% 11.6% 5.2% 39.3%
OPM 13.78% 14.14% 12.63% 14.44%
NPM 6.23% 6.15% 4.93% 6.53%
Free Float : 18%
Long suggested above 1335 if breakout is accompanied
by above average volumes.
Once buy triggered, stop at 1200.
Target 1500 plus.
LTTS - WATCHLIST STOCKLTTS
CMP 1293
Underlying trend is evidently up with stock above 50/150/200 ma with all MAs upward sloping.
Stock currently in consolidation phase with buying happening at upmoves within consolidation zone.
Buying suggested ONLY IF STOCK MOVES ABOVE 1390 LEVELS WITH GOOD VOLUMES.
Once buy gets triggered, Stop should be at 1280 and Target for the stock is 1600 plus, which can be trailed.
Fundamentally, the last 4 quarters have been showing a very good trend in key performance parameters.
The low float of the stock (18.5%) is a big advantage as a breach above the Buy Pivot Level could amplify the upward momentum.
YoY - J17q / S17q / D17q / M18q
Sales 2.45% , 9.47% ,19.58%, 29.85%
OP -16%, -12%, 2% , 22%
NP -9.26%, 9.92%,16.48%, 64.87%
NPM - inreased from 12% to 15% from M17q to M18q
Free Float - 18.5%
Promoter - 82.5%
Muthoot Capital - Place in Watchlist (BUY ONLY IF BREAKS OUT 113Technicals:
1) Above 50/150/200 ema
2) Upward sloping ema
3) Relative strength with respect to small cap index above 100.
Fundamentals:
Quarterly Sales yoy : 24%, 35%, 50%,49%
Operating profit yoy : 16%, 19%, 54%, 51%
Net profit yoy : 36%, 29%, 143%, 94%
Annual EPS FY2017 : 38%
Free float : 5.6 million shares
Trade plan:
Current status - Consolidation phase
Volatility contraction witnessed
Watchlist candidate.
Buy trigger if price breaksout of consolidation phase.
Possibly at 1135.
Stop 1.5 ATR / Low of low volatility base.
JUST DIAL - MOMENTUM SEENJUST DIAL
CMP 577
Target 900 plus
Stop 480
1) Stock possibly in the process of rounding bottom (RdB) formation.
2) Stock is currently forming a strong rectangular base in the bottom, with the high of the base at the Stocks first ever price tick open.
3) Stock more likely to break the high of the base as significant volumes seen in last few trading sessions and given the fact that currently , within the base, the stock is consolidating with a minor flag pattern.
4) Aggressive investors can buy at CMP but has to face the risk of the low probability event of stock retracing from the high of the rectangular base towards the bottom of the base in which case stops will protect; Conservative investors can wait for the stock to breakout and then enter; Breakout region is approximately around 625-630.
NIFTY: Wave C started - updated target of 10400Wave C appears to have started after the completion of wave B at 10894 - very close to the predicted level of 10850 (see below). Wave C could go down to 10400 if Wave C achieves equality with Wave A or to 10070 if Wave C is 1.62 times Wave A. I will update the targets after the completion of wave 2 of C.
Note: This is just for my own future reference and is not a trading advice.
Prediction of 10850 level on May 27 and June 7:
RHFL - Time to accumulateRHFL
CMP 68.50
TARGET 82
STOP 57
1) Price structure has a sort of H&S pattern suggesting reversal of trend.
2) Price has broken past the resistance zone of 65-67 with heavy volumes.
3) Serious buying with heavy volumes observed in few trading sessions during the consolidation zone (51-67) in the past one month.
4) Price pattern also has a RdB structure with the right leg of RdB beginning to take place.
5) Stock performing better than the overall broader index as seen from relative strength indicator which is sloping upwards and which also has given a breakout, indicating big money going flowing into this stock.
6) RSI has given a breakout. Indicates momentum building up.