Lupin Ltd. short term outlook for trading as we have seen this stock is in strong uptrend irrespective of market movement so we believe that LUPIN will strengthen further once it closes above 488 level. But for short term the stock remains very attractive. Technical analysis charts narrates us the LUPIN is supported by a rising trend-line and this up trend should continue and we may see bounce ... [Continue Reading]
Short term Stock Trading: Buy TTKPRESTIG Near 2706 for Target 3111, Pure Technical Analysis
Short term stock for trading is TTKPRESTIG and the stock is expected to bounce after touching its technical support level which is near 100 EMA (2570 level) as seen in the chart below. We are using slow stochastic indicator to time our entries and as the trend is up we will be looking for only buying opportunity as long as the stock is trading above the 2550 level on closing basis. As the stock is ... [Continue Reading]
Short Term Stock: Buy Thermax Ltd (THERMAX), Target 777
We saw stocks like Thermax Ltd.has corrected a lot in this freefall and this is the right time to accumulate this stock. Thermax is a consistent performer company. If you go by the financial performance for first nine months, they have achieved top-line of close to about Rs.3,300 crore with earnings per share (EPS) at Rs.22. So, in FY11 we are going to see USD 1 billion top-line with EPS close to ... [Continue Reading]
Short Term Stock: Buy Amtek Auto Ltd.(AMTEKAUTO), Target 156
This stock has corrected more than 48% from its 52 week high and hit its 52 week low of 110.05 last Friday (10 Dec 2010). But at current levels we see this stock is very attractive as its a company having market cap at Rs.2500 crore. at current market price it is trading with P/E of 7 and book value of around Rs.180. Also its a good dividend paying company which has consistently given dividends in ... [Continue Reading]
Short Term Stock: Buy Orbit Corp. Ltd.(ORBITCORP), Target 109.
This stock has corrected more than 40% since the Housing loan scam. But at current levels this stock is going to attract buying into this counter. As per our analysis we see this stock trading at P/E around 11.3, Book value is at 74.25. Fundamentals of the company remains strong and healthy. The fact for buying this stock is, the assets of the company are worth more than the marketcap of the ... [Continue Reading]