Aug 28, 2018

Raymond Ltd. - Short Term Trading View


RAYMOND – CMP - 833
Raymond was a stock in uptrend before it was beaten down with many of the likes of it which were in continuous uptrend and ‘buy in dips’ category. It looks that in the wake of recent market highs, many stocks are coming out of that ‘mini bear market’ and the stocks which were earstwhile in the mentioned continuous uptrend and ‘buy on dips’ category; are likely to perform very well now onwards. The question was of entry, and after forming bottom out patter and rising above important SMA and EMAs, it is now a good entry price as well.
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The given views are subject to change depending on changing market and global economic conditions. Become member to benefit from market and individual stock moves. Become member to get alerts for buy and sell with targets.

Aug 23, 2018

Strides Pharma - Short Term Trading - Indian Stock Markets l Indian Pharma Stocks


Strides Pharma – 480
As we posted our views in our last post about the stock price moves effected due to currency depreciation as well as technical reasons of being defensive relating to IT and pharma. IT story was more about valuations and while the pharma was lagging behind. It has also started performing after continuous declines of many quarters. It has not started showing expected profits but the technical + news factor set up are clearly in favour and stocks ready to go up for the short term till the front line core economy stocks remain languish due to many domestic and global reasons; just because something has to go up as well when markets are hitting new highs, apart from 5 stocks!
So Strides Pharma net profit declined, still it is a good buy for short term trading purpose as it is showing bottoming out formation.
We think it can go above 600 and traders can use futures and options segment as well to trade it.
Lupin recommendation given just before a day is already in profits of 35% in call option segment.



The given views are subject to change depending on changing market and global economic conditions. Become member to benefit from market and individual stock moves. Become member to get alerts for buy and sell with targets.

Aug 21, 2018

Short Term Trading View- Lupin & Pharma Stocks - Very Brief Idea


Lupin Ltd.CMP -880

As you can see, the pharma stocks are presently in a short term uptrend after a continuous decline since many years as well as having witnessed 6 months of market sluggishness in FH 2018. We are seeing good rise in pharma stocks as a defensive play in the present market environment where only few index stocks have risen and taken market to new highs. The IT and Pharma are witnessing special short term trading momentum also due to the phenomenon in forex markets where the Indian Rupee is seen at its new lows agains the USD. Pharma, just like the IT firms are getting majority share of their revenue and profit from overseas
So with support from the above logics and some frontline pharma stocks almost making 52-week highs, Lupin is also above its 200 DMA in a way first time since 2 years. We believe it will touch 1000 and then might go ahead. You are looking at an hourly chart where it has formed a bullish inverse head and shoulder pattern, while the RSI, MACD picture is also favourable as well.
It can be traded by taking position in Call option as well.

The given views are subject to change depending on changing market and global economic conditions. Become member to benefit from market and individual stock moves. Become member to get alerts for buy and sell with targets.