Mid Term Pick- Buy Thermax Ltd.

·        Stock has made 52 week high 926.50 (11^th June 2014) & 52 week low 526 (5^th Sept. 2014)
·        Stock has given probable up flag breakout by closing above 920 levels which is bullish signal.
·        Stock was consolidating from past few trading sessions and finally able to manage come out of range.
·        As per RSI it was resisting at level of 65 in the month of May 2014 and now at same level it takes support which suggest bullish signal.
·        Other Indicators like MACD, ROC & ADX suggest buy signal.
·        Stock is above its 20 days SMA, 50 day EMA & 200 days EMA suggest strong uptrend.



Strategy - Buy Thermax Ltd. CMP- 920 Target- 1100-1150 SL- 890 (Closing basis- Time: 2-3 months).

Buy Wonderla Holiday

Analysis:

·         Stock has given probable up flag breakout on daily chart by big white candle closing above channel in blue color.
·         Stock is in uptrend buy following higher top higher bottom pattern on daily chart.
·         Stock is coming out of range after few days of consolidation suggest the uptrend may resume from here and bullish strength in this counter.  

Strategy: Buy Wonderla Holiday at CMP- 212.85 and add on dips for possible Target- 265 with stop below 205 on daily closing basis.

Short Term Pick: Hind Zinc

Analysis:

• ·         Stock has made 52 week high of 170 (3^rd June 2014) & Low of 94 (2^nd Aug 2013).
• ·         Stock has given a probable up flag pattern breakout which is a continuation price pattern.
• ·         Indicators like ADX, RSI, ROC & MACD suggest buy signal.  
• ·         Stock is above its 20 days SMA, 50 days EMA, 100 days EMA & 200 days EMA suggest it’s in uptrend.

Strategy: Buy Hind Zinc at CMP- 168.40 and add on dips for possible Target- 190/ 200 with stop below 161 on daily closing basis.