Apparently hydroxychloroquine curing corona patients and being the manufactures of same, zydus cadilla and Ipca laboratories going to be clearly benefited. Overall, pharma is looking good in the short term.
Market leader in the footwear segment. Keep an eye around 660. Add for long term.
Correct time to buy auto sector stock when things are not going so well. Things will be choppy for couple of months. Maruti is fundamentally strong support and captures around 50% market in passenger vehicles. It will bounce back soon. The idea is to buy equity on each dip, pledge shares and sell CE (won't cross the channel given in graph this month).
1. Long wicks at the Daily time frame. 2. Bounce back from 100ema price multiple times. 3. Fundamentally strong chemical stock. 4. Major beneficiary from the corona virus. Another stock I know is Deepak Nitrite and which is zooming like no tomorrow.
Place SL at 285 and add for the long term. The beta is 0.5. Able to be around this price in these months (things are not good economically) and then may zoom again.
With all problems going around with the auto sector, it is still good at add at current levels. Last time it came around 100ema in 2008-2009. Big monthly support is also present. Started adding around 17000 price.
The product caters to the chemical, dyes and pigments and pharmaceutical sector. Fundamental reasons to buy : 1. Last year the Chinese government forced to reduce the manufacturing of complex chemicals. Less competition. The terrific result last quarter. 2. The company gets the raw material and manufacturing locally. So, no issue from the corona virus. 3. Well...
Broke channel and near-monthly demand zone. This is the same level where it got IPO. The risk-reward factor is good. Buy around 380-400. SL should be at 350.
Start accumulate around 4300 - short 100ema and previous high support. I would be adding more if comes around 200ema (highly improbable)
Fundamentally super strong. Accumulated for the long term.
BUYING with long term view.
Should consolidate here for some time because of RSI overbought zone and script near 365 exponential moving average.
All details mentioned in the script.
Looks like reversing from downtrend. Wait for confirmation, will be taking a long position if crosses high of the hammer candle.
Either sell Nov 6500PE or go long on shares for long term if crossed 7500.
Borrowing and liabilities are increasing year by year so the interest. Company is maintaining good sales but PAT was not good last year.
Note: Broken support at daily time frame.