AIA Engg – Resurgence on the cards?

AIA Engg – Resurgence on the cards?

AIA Engg shares showing signs of revival with the formation of inverse Head & Shoulders pattern The stock has the capacity to test its all time highs once again with the renewed strength backed by the formation of technical pattern The attractive buying opportunity comes with handsome risk: reward ratio of 1:6 (approximately) with the target being Rs. 1350 and the stop loss at 990 Ahmedabad Induction Alloy or most preferably called AIA Engg is involved in the business of designing,…

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Sarla Performance Fibers – Losing its shininess

Sarla Performance Fibers – Losing its shininess

Sarla Performance Fibers stock is all set to lose its shininess with the formation of head and shoulders pattern in the weekly chart The stock had a stellar run from the year 2009 to the beginning of 2016 growing up by 45X times The stock made all time highs during Jan’16 but with low volumes and the hammer formation at the top suggested the weakness in the stock which eventually could be witnessed when the stock has given up 50%…

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Can Fin Homes – Big Correction Time?

Can Fin Homes – Big Correction Time?

Can Fin Homes shares showing signs of reversal with a“doji” in monthly chart and formation of “descending triangle” in weekly chart Can Fin Homes,established in 1987 is one of the top players in the country’s housing finance sector sponsored by & promoted by Canara Bank The stock price had a dream run of growing up by 12 x in the last three years, raising from 100 odd levels in 2013 to 1200 levels in 2016 Despite the poor show by…

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Take Solutions – Another attempt to all time highs?

Take Solutions – Another attempt to all time highs?

Take Solutions is offering an opportunity to go long with the “double bottom” break out The stock was caught under heavy pressure due to global sell-off first and then due to management’s view concerning about the growth aspects being muted after Chennai witnessed worst ever floods in the last century The stock prices raised from the Feb’16 lows in line with the market recovery but soon gave up the positive momentum on the fears of what to expect from the…

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How to choose a stock broker in India ?

How to choose a stock broker in India ?

The stockbroking industry in India has been around for a very long time. There are many stockbrokers in India and sheer number can make it confusing for most people to choose the right one. If the target audience has little or no knowledge of how to choose a stock broker, then every brokers’ marketing efforts may lure people to open an account. This has been happening to people across the country since inception. In this post, I will be showing…

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Page Industries – Ready for Another Upside

Page Industries – Ready for Another Upside

Page Industries Ltd is offering a good buying opportunity with a risk : reward ratio of 1 : 5. The stock price can run up to Rs. 17680 from the current levels and the stop loss should be placed at Rs.13000. Detailed Analysis Bengaluru-based Page Industries is the exclusive licensee of Jockey International Inc for manufacture and distribution of the Jockey brand inner-wear and leisure-wear. The stock underwent a significant correction after reaching the all time highs in June ‘2015 and fallen…

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CIPLA FY’16 RESULT MISS – IS IT A BOTTOM FISHING OPPORTUNITY?

CIPLA FY’16 RESULT MISS – IS IT A BOTTOM FISHING OPPORTUNITY?

Cipla shares have fallen to new 52-weeks low of 457 Rs after the company’s March quarter numbers came below market expectations. This stock was the only loser among the stocks on both BSE sensex and Nifty50 stocks today. India’s fifth-largest pharmaceutical company reported a sharp 69% year-on-year drop in net profit to Rs 81 crore in the quarter ended March 2016 (Q4FY16), on account of one-off expenses related to inventory reduction and closure of business in some small-sized foreign markets. Whenever a…

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