Technical Portfolio Guide
GLAND PHARMA LTD
CMP: ₹ 3,275.00
BSE Code:543245
I have purchased 500 shares of Gland Pharma at the price of Rs 3,865 as per the recommen- dation of DSIJ Flash News Investment. Sir, kindly let me know whether to hold it or quit.
- Kuldeep Raj
HOLD THIS STOCK
We had recommended Gland Pharma on December 23, 2021, post which, the stock witnessed an uptrend of over 5 per cent. It registered a swing high of Rs 4,062.95 but underwent selling pressure thereafter. The bad market sentiment dented the stock's performance and it fell nearly 19 per cent post its swing high. However, the stock has seen strong buying interest at the zone of Rs 3,150-Rs 3,200, following which, it jumped nearly 5 per cent. The stock trades above its 20-DMA while technical parameters suggest neutrality in the stock. Thus, you can consider holding the stock as it has the potential for upmove.
WELSPUN INDIA LTD.
CMP: ₹ 90.85
BSE Code:514162
I have 500 shares of Welspun India at different price levels. What is the outlook for this company?
- KLM Group
TECHNICALLY WEAK
The stock of Welspun India has shown dismal performance this year. On a YTD basis, it is down by over 36 per cent and has underperformed the broader market as well as its peers. Moreover, the technical chart shows extreme bearishness as it nears its 52-week low. The stock had witnessed a breakdown of a complex head & shoulder-like pattern in the first week of February. The stock is trading below its important short-term and long-term moving averages. The 14-period daily RSI has fallen into a bearish territory while the MACD has given a bearish crossover. Also, volumes have been on a rise, indicating an aggravated sell-off. Thus, the outlook of the stock is largely bearish.
VLS FINANCE LTD
CMP: ₹159.85
BSE Code:511333
I bought VLS Finance as per the recommendation in DSIJ Flash News. Please tell me whether to hold or exit the positions.
- G N Basaveswara Rao
CONSIDER HOLDING THE STOCK
We had recommended VLS Finance on January 20, 2022, at the price of Rs 218.85. However, bad global cues spoiled the market sentiment, which in turn, affected the stock’s performance. It has fallen about 25 per cent post our recommendation. However, the stock has seen strong buying interest at the lower level of Rs 152. The stock had jumped nearly 17 per cent post this level. The momentum oscillators and technical indicators are neutral while the volumes are average lately. The stock has shown a positive upmove from lower levels and thus, you can consider holding the stock.
FIEM INDUSTRIES LTD
CMP: ₹900.00
BSE Code:532768
What is the outlook for Fiem Industries?
- Panjabrao Borse
THE STOCK CAN PRODUCE GOOD MOVES ON THE UPSIDE
We had recommended Fiem Industries on January 13, 2022, at the level of Rs 1,274.15. Post our recommendation, the stock surged over 8 per cent and hit a high of Rs 1,377.60. However, bad sentiment in the market affected the stock’s performance and it fell about 30 per cent since its swing high. Post this fall, the technical indicators have become slightly bearish. However, the stock sees the level of Rs 900 as a strong support zone. Moreover, with the market recovering from its fall, the stock is likely to show a positive upmove. Thus, it can produce good moves on the upside in the times to come.