Recommendation
Buy Techno Electric – Target 260
CMP: Rs 199 Target: Rs 260 Techno Electric and Engineering Company is a power EPC company, operating across the value chain, viz, generation, transmission and distribution over the past 4-5 decades. TEEC’s strong relation with clients, ability to work on customer advances and prudent execution capability has allowed it to operate on low working capital [...]
Short Term Buy Recommendation – IRB Infrastructure Developers
Investors with short-term perspective can consider buying the stock of IRB Infrastructure Developers. It is evident from the charts of the stock that since peaking out at its all-time high at Rs 312 in August 2010, the stock has been on a long-term downtrend. Medium-term trend is also down from this April peak of Rs [...]
Short Term Buy Recommendation – Jindal Saw
We recommend a buy in the stock of Jindal Saw from a short-term perspective. It is evident from the charts of the stock that after encountering significant resistance at Rs 225, the stock reversed its trend and started to decline. Since then it has been on an intermediate-term downtrend. However, the stock found support at [...]
Medium Term Buy Recommendation – TVS Motor Company
Investors with medium-term perspective can consider buying the stock of TVS Motor Company (Rs 57.4). After bottoming out in January 2009 at around Rs 7.5, the stock was on a bull-run until it encountered long-term resistance around Rs 86 in November 2010. In February this year, the stock’s significant longer-term support band between Rs 48 [...]
Future Capital Holdings – Buy Recommendation
We recommend a buy in the stock of Future Capital Holdings from a short-term perspective. It is apparent from the charts of the stock that between this February and June, the stock took support at the zone between Rs 130 and Rs 135 many times marking it as a key long-term base level. The stock [...]
Apollo Tyres – Short Term Buy Recommendation
We recommend a buy in the stock of Apollo Tyres from a short-term perspective. It is seen from the charts of the stock that since bottoming out in early February at around Rs 44, it has been trending upwards. However, the stock encountered resistance at Rs 82 and started to decline. After retracing 50 per [...]
Gati – Short Term Buy Call
We recommend a buy in the stock of Gati from a short-term perspective. It is evident from the charts of the stock that after bottoming out in February at Rs 50, the stock has been trending higher. It has been on a medium-term uptrend forming higher peaks and higher troughs since then. However, following a [...]
