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Cairn India May Weaken in Short Term, Due to Drop in Oil Prices, Strategy Short Sell on Bounce

By Bhaveek Patel Leave a Comment

Cairn India Ltd. is in the oil exploration sector, this is one the high growth sector. But in case of CAIRN we feel that there is much more correction left from the current levels. The technical analysis suggests that some correction is likely to enter into this stock. So our advice is to enter short positions below 330 and we are now looking for short opportunities at every up move our profit ... [Continue Reading]

Safe Heaven Stocks: Invest in Hindustan Uniliver Stock When Markets are Uncertain

By Bhaveek Patel 1 Comment

Hindustan Unilever Ltd. is well diversified conglomerate in India its major selling product includes FMCG products. The stock of this company was listed on 6 July 1995, the stock performance is not that attractive but the stock at CMP is really valuable. Daily chart of Hindustan Uniliver stock suggest that there will be some sort of range bound movements. We will not recommend any trading view in ... [Continue Reading]

Private Sector Banking Stocks Looks Attractive: ICICI Bank may Outperform State Bank of India

By Bhaveek Patel Leave a Comment

ICICI Bank Ltd is India's largest private sector bank, operating a huge networks of its branches and ATMs across the country and abroad. Looking at the daily stock chart, we see price action is suggesting consolidation and we are waiting for a confirmed breakout. So our initial strategy would be to enter the buy trade on the positive breakout, we will place our buy entry orders above 1090 level ... [Continue Reading]

Midcap pick For Short term Trading: Buy ABB At CMP for Long term Target 960, Bullish Momentum seen

By Bhaveek Patel Leave a Comment

ABB Ltd. is one of the oldest listed company trading on NSE, it was listed on NSE on 8 February 1995. ABB has been in its intermediate up trend and we are now looking for only buying opportunities as long as the up trend continues. The technical studies on this stock suggest that it has a very good (strong) support at 780 level. Investor must start accumulating this stock near the 800 zone for ... [Continue Reading]

Is ABAN Ready for its next Bull Run? Buy now For Long term Target as 890, Bearish for Short term

By Bhaveek Patel Leave a Comment

Aban Offshore is one of the oldest drilling companies of India. This company drill wells for the oil companies. The stock has outperformed significantly well over the past 10 years from the Rs.4 per share in 1999 to Rs.5400 per share in early 2008, since then the stock was on down trend making a low of Rs.221 in march 2009. We are very sure that in the near term the liquidity will be come back ... [Continue Reading]

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