BPPL - Watch the next accumulation

BPPL - is a young starter in the bourse but looks a bloke with a bright future. The counter rallied roughly for about a month and a half giving a return of 33%. This rally brought in many investors helping the typical accumulation to take place. Thereafter it went into a consolidation with volumes seen in a distribution phase. The next rally will surely happen as and when we see some increased volumes. Present support is at 14.50, anything below will be a bargain for investors. Traders need to watch the volumes, to initiate an entry. Watch!!!

JKH - Start Collecting

JKH - Is a stock that all can not touch. Many experts fail to predict its direction up or down. However this is the maker and breaker of the entire market from time immemorial. Instead of timing the right price the practical approach toward this stock would be to collect and average. As many indicators have turned upside there is no time ideal to collect it than now. As mentioned earlier 153.50 to 159 range appears to be the present support range, and this base looks to be strong with the counter being oversold. In the short term we might see it's trending towards 170, with a test around 168 and 169. There is a major resistance evident at 165.00, as it was very strongly supported at that with a double bottom in the earlier rally which took the counter right up to 180.00. If someone decides to take a trade, then by all means STOP LOSS, and don't blame no one otherwise.

TJL - Watch

TJL - has a strong psychological support around 40.00, this is a critical support area. Failure to hold will expose it to be supported at 38.90. A resumption of an uptrend will take place above 41.50. Buying could be delayed till that area is tested.

COMB - Need to hold above 134.50

COMB - 76.4% fib ret is around 134.50. Expect the stock to hold above that. With strong momentum I expect it to test 143.00.

ASI - still in no man's land

ASI - as reported last week, is not going anywhere. Need to watch the weekly chart very closely.

CFVF - There is a trade for the brave

CFVF - is a stock that has given a sizable return to any one who had spotted the potential. Well that potential is still available, due to falling bond rates.

If you are brave there is a trade in this stock as follows:

Buy @ 34/50-35/00
Sell above 40.00 upto 41.00
Stop @ 33.40.

35 was a psychological barrier that the stock is wanting to break and stay above. Once the price with the help of volumes creates the much needed strong base, you will see it testing 41.00.

BALA - Exit now and watch

Bala - 24.00 appears to be the present high. Exiting in part or completely will not regret.
Wait for the consolidation to take place before you get in again. As plantations have been the best performing sector it is advisable to short your own stocks and cover your own at the right time. But volumes and stops are an integral part of a mature trader, hence you do not know that then do not trade a single share. Without knowing the basics of trading IF you are trading, that is PURE STUPIDITY.