Tips and Tricks by Hemant Kale of MAIA Financial

by khalid on 18/01/2011 · 0 comments

Patel Engineering Ltd :- The stock is in a bear grip and it has corrected by around 40 per cent. The intermediate term for the stock is weak and it could bottom out at around 200-250. Current Market Price (CMP) of the share is Rs 253.10 ( HOLD )
Hemant Kale of MAIA Financial

MphasiS Ltd :– The stock has been an outperformer as it remained unchanged when Sensex fell by 8 per cent. The stock is in a higher top higher bottom formation. Stop loss for the stock is at 650, with resistance at around 695. Current Market Price (CMP) of the share is Rs 665.50 ( HOLD )
Hemant Kale of MAIA Financial

Reliance Industries Ltd :- The stock has been range-bound for six quarters. It has become a trading play rather than directional play. Stop loss for the stock is at 950 with the upper band at 1185. If the stock sustains 1185, there could be an upward rally. Current Market Price (CMP) of the share is Rs 997.80 ( HOLD )
Hemant Kale of MAIA Financial

TVS Motor Company Ltd :- Exit as the stock is correcting for over one-and-a-half months. The trend is also falling, suggesting there could be more correction in terms of time and price. The stock could be an underperformer over an intermediate term and could also fall to 47 levels. Market Price (CMP) of the share is Rs 58.10 ( SELL )
Hemant Kale of MAIA Financial

Bharat Petroleum Corporation Ltd :- Exit as the stock is in a downtrend though till September it has given about 55 per cent returns this fiscal. Chart patterns at present are also negative. Technical bounce back is expected and this could be used as opportunity to exit. Market Price (CMP) of the share is Rs 585.35 ( SELL )
Hemant Kale of MAIA Financial

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