Sunday, February 17, 2013

3 STOCK PICKS FOR SHORT TERM

1. Apollo Tyres

'Buy' in the range of Rs 80-82 for target Rs 95-100 with stop loss Rs 75.

The stock closed at Rs 84.90 on Feb. 14, 2013. It made a 52-week low at Rs 73.75 on June 20, 2012 and 52-week high of Rs 102.45 on Sep. 13, 2012. The 200 days Exponential Moving Average (EMA) of the stock on the weekly chart is currently at Rs 67.61.

It made high of 100 levels after which there was marginal fall till its previous support of 80 levels. Last month, it negated the fall in broader index and traded upwards maintaining its strength, which shows it's potential to keep this momentum intact in near term. One can Buy in the range of 80-82 levels with closing below stop loss of 75 for the target of 95-100 levels.

2. Havells India

'Buy' in the range of Rs 685-690 for target Rs 740-750 with stop loss Rs 655.

The stock closed at Rs 695.55 on Feb. 14, 2013. It made a 52-week low at Rs 489.15 on Feb. 23, 2012 and 52-week high of Rs 708.35 on Oct. 17, 2012. The 200 days Exponential Moving Average (EMA) of the stock on the weekly chart is currently at Rs 419.35.

After a major rebound, this scrip is moving in an upward channel. Moreover, it is near to its previous highs of 708 level. By looking at the chart, it is clear that it may surpass its highs in coming weeks. One can Buy in the range of 685-690 levels with closing below stop loss of 655 for the target of 740-750 levels.

3. Dabur

'Buy' in the range of Rs 132-134 for the target Rs 145-148 with stop loss Rs 125.

The stock closed at Rs 98.55 on Feb. 14, 2013. It made a 52-week low at Rs 96.25 on Feb. 21, 2012 and 52-week high of Rs 138.90 on Oct. 16, 2012. The 200 days Exponential Moving Average (EMA) of the stock on the weekly chart is currently at Rs 133.65.

Being from FMCG counter, it is known to be a defensive stock in difficult market conditions. It is in uptrend and continued the northward momentum negating the impact of broader index, which is trading in negative zone. One can Buy in the range of 132-134 levels with closing below stop loss of 125 for the target of 145-148 levels.
Source: iris.com

Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Disclaimer

The information in this publication is provided by http://www.moneybazzar.blogspot.com/ is intended for use for Readers & Traders . Every effort is made to provide accurate information, but http://www.moneybazzar.blogspot.com/ cannot guarantee the accuracy of the information or of the market analysis. This is a newsletter and is for informational purposes only. It is not a solicitation or offer to buy or sell futures. There is a high risk of loss in trading futures. You should not trade with money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this newsletter. The past performance of any trading system or methodology is not necessarily indicative of future results.



free counter