Kingfisher Airlines: Shares of Kingfisher AirlinesBSE 4.99 % were in action on reports that the employees received a second installment of salaries. The payment is a part of a deal between the company management, who promised to clear four months' payment dues by December, and employees, who, in turn, promised to return to work and help the airline to resume operations.
Recommendation: The stock rallied sharply from the crucial support zone of Rs 10.2 levels. The counter has breached the falling trend line drawn from the November 10 highs. The stock faces immediate resistance at Rs 16.5 levels on the upside. The stock has been an underperformer and one should avoid any trades in the near term.
Tribhovandas Bhimji Zaveri: The stock has rallied along with peers on expectations of pick-up in demand for gold and related jewellery in the upcoming festive and wedding season.
Recommendation: The stock has outperformed the markets since August'12. The counter is currently forming series of higher highs and lows which is a bullish signal.
The RSI also confirms the uptrend as the indicator has managed to sustain above the 60 Bullish levels.
The stock has recently exceeded its Oct'12 highs accompanied by good volumes. The MACD is rising higher which suggest that the momentum is likely to continue.
Buy the stock on dips to Rs 208 for a target of Rs 242-278
DB Realty: The stock gained on reports that ace investor Rakesh Jhunjhunwala bought shares worth Rs 11.27 crore last Friday at Rs 90.21 per share.
Recommendation: The stock has declined sharply from its recent highs of Rs 120 levels. There is an immediate resistance at Rs 112 and support resides at Rs 92 on the downside.
The stock is currently trading above its long term averages which is likely to provide cushion in case of any declines. It seems that the recent up move is done and one can expect some consolidation in the near future.
Titan Industries: The stock moved higher on the back of robust quarterly results. It reported a 22 per cent Y-o-Y growth in its net profit to Rs 180 crore. Jefferies has upgraded Titan IndustriesBSE 1.25 % to 'hold' from 'underperform' rating and has upped the price target from Rs 200 to Rs 285.
Recommendation: The stock has been in an uptrend since March'09 and has a rising RSC ratio which confirms the bullish bias. The counter has breached its resistance of Rs 270 decisively and has managed to sustain above it since past few sessions.
The RSI also confirms the uptrend as it has managed to sustain above the 60 Bullish levels. The stock on weekly chart has formed big bullish candlestick pattern with sharp volume spike which confirms that the bulls are in complete control of the situation.
Buy the stock on to Rs 277 with stoploss of Rs 270 for a target of Rs 324-338.
Jet AirwaysBSE 3.09 %: The company narrowed its loss during the second quarter as against the corresponding quarter last year. It posted a loss of Rs 100 crore as compared to a loss of Rs 713 crore last year for the same quarter last year. Jet's total income grew 25.88 per cent to Rs 4, 194.70 crore from the Rs 3,332.07 crore reported in the year-ago quarter.
Recommendation: The stock has bounced sharply from its support zone of Rs 325 levels and is nearing the crucial hurdles of Rs 385-390. The counter is currently stuck in a range of Rs 325-390 for the past two months. One can expect trending action only on breach of either side, till then expect ranging action to continue in the near term.
Recommendation: The stock rallied sharply from the crucial support zone of Rs 10.2 levels. The counter has breached the falling trend line drawn from the November 10 highs. The stock faces immediate resistance at Rs 16.5 levels on the upside. The stock has been an underperformer and one should avoid any trades in the near term.
Tribhovandas Bhimji Zaveri: The stock has rallied along with peers on expectations of pick-up in demand for gold and related jewellery in the upcoming festive and wedding season.
Recommendation: The stock has outperformed the markets since August'12. The counter is currently forming series of higher highs and lows which is a bullish signal.
The RSI also confirms the uptrend as the indicator has managed to sustain above the 60 Bullish levels.
The stock has recently exceeded its Oct'12 highs accompanied by good volumes. The MACD is rising higher which suggest that the momentum is likely to continue.
Buy the stock on dips to Rs 208 for a target of Rs 242-278
DB Realty: The stock gained on reports that ace investor Rakesh Jhunjhunwala bought shares worth Rs 11.27 crore last Friday at Rs 90.21 per share.
Recommendation: The stock has declined sharply from its recent highs of Rs 120 levels. There is an immediate resistance at Rs 112 and support resides at Rs 92 on the downside.
The stock is currently trading above its long term averages which is likely to provide cushion in case of any declines. It seems that the recent up move is done and one can expect some consolidation in the near future.
Titan Industries: The stock moved higher on the back of robust quarterly results. It reported a 22 per cent Y-o-Y growth in its net profit to Rs 180 crore. Jefferies has upgraded Titan IndustriesBSE 1.25 % to 'hold' from 'underperform' rating and has upped the price target from Rs 200 to Rs 285.
Recommendation: The stock has been in an uptrend since March'09 and has a rising RSC ratio which confirms the bullish bias. The counter has breached its resistance of Rs 270 decisively and has managed to sustain above it since past few sessions.
The RSI also confirms the uptrend as it has managed to sustain above the 60 Bullish levels. The stock on weekly chart has formed big bullish candlestick pattern with sharp volume spike which confirms that the bulls are in complete control of the situation.
Buy the stock on to Rs 277 with stoploss of Rs 270 for a target of Rs 324-338.
Jet AirwaysBSE 3.09 %: The company narrowed its loss during the second quarter as against the corresponding quarter last year. It posted a loss of Rs 100 crore as compared to a loss of Rs 713 crore last year for the same quarter last year. Jet's total income grew 25.88 per cent to Rs 4, 194.70 crore from the Rs 3,332.07 crore reported in the year-ago quarter.
Recommendation: The stock has bounced sharply from its support zone of Rs 325 levels and is nearing the crucial hurdles of Rs 385-390. The counter is currently stuck in a range of Rs 325-390 for the past two months. One can expect trending action only on breach of either side, till then expect ranging action to continue in the near term.
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