Positional Calls

HSIL

Shown above is the weekly chart of

HSIL. As we can see the stock has given major breakouts in its weekly chart and is now consolidating above the breakout. Also, the stock is in a longer degree third wave. The positive crossover of the moving averages also adds to the strength of the stock. Therefore, I suggest to buy the stock for targets of 485-490 with a strict stop loss below 430. CMP:452.

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TRIL

Shown above is the weekly chart of Transformers And Rectifiers Ltd. As we can see that the stock has given multiple breakouts of a triple top and a head and shoulder pattern in the last week. Also the stock is sustaining above all the moving averages. As we can see, a few weeks ago the 200-day moving average had crossed the 50-day moving average on the downside,giving strength to the stock. The 100-day moving average seems to be forming a perfect rounding bottom formation indicating an up move for the stock. Coming to the Elliot Wave count,we can see that the stock had completed it's 3rd wave a few months before and then entered into a long A-B-C correction. The stock finally completed it's correction and is now heading towards the completion of the fifth wave, which is likely to be an extend wave as the formation of the chart is indicating. Therefore, I expect the stock to move up to the levels of 285-290. It would be safer to buy the stock above 258 maintaining a stop loss below 215.         

Chart Of IDFC.

Shown above is the daily chart of IDFC as on 27-03-2015. The labels marked on the chart do bear great significance. First, you can see the double top formation at approximately levels of 165 which was breached by it resulting a quick upsurge in the stock. The stock took support from approx. 165 levels (which was previously a double top) forming a triple bottom. On 26-03-2015, as on Thursday's trading session the stock breached its strong support of 165 but failed to sustain below it and in the following trading session managed to give s close above 165 indicating strength correspondence to the volume action resulting in break down failure. Now, if we go by the Elliot wave counts, it is clearly indicating the completion of an expanded flat A-B-C correction. Therefore, I am expecting the stock to gear up for 185 plus level but it would be safer to take a position after the stock breaches levels of  169.5 and should maintain a strict stop loss below 159.

GEOMETRIC

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     Chart of LicHsgFin.

Shown above is the daily chart of LIC Housing Finance as on 27-03-2015. As indicated on the chart, we can see that the stock has completed a typical expanded flat correction, so, we can expect it to upsurge in trading sessions to come. However, the upper band of the trend line drawn will be giving a halt to its upward rally to some extent, therefore I advise to lock partial profits around 458 levels, that is the upper band of the trend line. One should maintain a stop loss below 415, that is the lower band of the trend line. If it sustains above the 458 level we can see the stock extending its rally till 500. If you have any queries please feel free to ask in the queries section.... 

Chart of Mandhana Ind.

Above shown id the daily chart of Mandhana Industries with a clear wave count indicated in the chart. According to me, it has completed a typical A-B-C corrective leg in the downside and now I am expecting targets of around 325-330 in days to come. One should maintain a strict stop loss below 245 and if given some time to the stock, it can give huge returns.

BOOK PROFITS IN CENTURY TEXTILE AT 631..