In My last article, I mentioned about trading budget and market related to budget. In this one I will shed light on the stocks in my radar screen which I feel would provide some trade opportunities post budget.
Reliance is down so far since May-June Phase (see the chart). And also if you notice closely there is no clear trend as price is moving from range to another range with small swings in between,This indicates that decline in price movement is weak and buyers are stepping in at every time stock makes a swing low
All the three stocks (NHPC,Thermax,GMR Infra) resembles the same pattern i.e trading very close to 52 week high and possibly a good bet for very short term longs 7-15 days. One can take a 2 bar low as stop loss to bet on breakouts. Two bar low for NHPC – 26.5, Thermax – 895, GMR Infra – 34.3. One Should exit if SL hits on EOD basis.
Here are the Top seven stocks picked from the CNX Midcap stock pack with high probablitly longterm setup/breakouts suits for weekly/monthly SIP Investment system for an investment horizon of 2 years timeframe. Strategy used is intratrend strategy on weekly timeframe to pick the list of stocks from CNX Midcap pack.
Tesla Motor shares raised all time high on last Tuesday, after a brokerage firm set an all new target price, which indicates almost 50 percent rise in the shares from Monday’s closing price. The plant is already planning to go on-stream by 2017, which will again shore up Panasonic’s lithium-ion battery supplies to the US electric car maker.
Here are the list of stock picks we choosen during Oct 2013 from the nifty 50 pack with high probablitly longterm setup/breakouts suits for weekly/monthly SIP Investment system for an investment horizon of 2-3 years timeframe. Strategy used is intratrend strategy on weekly timeframe to pick the list of stocks from nifty 50 pack.
2013 has been a very good year for the stock market with Nifty and Sensex making the new high. Expectations are very high again for 2014 with the hope of improvement in the economy and a strong government from the up coming 2014 Loksabha election. Below are some of the stocks which did not performed much well in 2013 but are expected to do well in 2014. All these picks are technical picks so one must follow with strict stop loss.