Technical Portfolio Guide
AARTI INDUSTRIES LTD.
CMP: ₹ 814.80
BSE Code: 524208
What is the outlook for Aarti Industries for the medium term?
- Sushma Mani Tripathi
A BREAKOUT ABOVE RS 830 IS POSITIVE
After declining over 45 per cent from its lifetime high, the stock is on a recovery path. It recovered about 24 per cent and retraced above 23.6 per cent of the prior downtrend. It is trading above the key moving averages. It is about 10 per cent above the 50-DMA while about 5 per cent above the 20-DMA. The weekly MACD has given a buy signal while the histogram shows an increase in momentum. Its RRG Relative Strength and momentum are above 100, which shows relative outperformance compared to the broader market. A decisive breakout above Rs 830 will test the 200-DMA of Rs 883.
YASH PAKKA LTD
CMP: ₹ 92.75
BSE Code: 516030
I am holding Yash Pakka at Rs 104. What should I do?
- Dharamveer Chaudhary
HOLD THE STOCK ACCORDING TO YOUR RISK APPETITE
This BSE-listed stock has been consolidating between Rs 72 and Rs 108 since March 2021. For the last five weeks, it has been trading in a tight range. The stock, from a technical standpoint, is comfortably placed above its key moving averages i.e. around 7 per cent & 12 per cent from 50-DMA and 200-DMA, respectively. It has recently broken out of a base in its weekly chart and is trading around 2 per cent from the pivot point, which is the ideal buying range for the stock. The stock has a good relative price as well as EPS strength. A move above Rs 100 is a positive sign. However, a move below Rs 85 is not good. Hold according to your risk appetite.
INTERGLOBE AVIATION LTD
CMP: ₹ 2018
BSE Code: 539448
Are aviation stocks like IndiGo and SpiceJet a good buy as crude oil is falling?
- Meenakshi Rajakumari Sundaram
BE CAUTIOUS ABOUT AVIATION STOCKS
INDIGO is moving in a downward channel and is currently, trading above the intermediate swing high. It rallied about 38 per cent in just 35 sessions from its recent low. It has been consolidating for the last three days and is trading above the key moving averages. It is 9.13 per cent above the 20-DMA and 16.12 per cent above the 50-DMA. The weekly MACD moved above the zero line, which is a positive sign. The RSI is in a bullish zone. Currently, it is trading at a sloping trendline resistance and any move above the prior week's high of Rs 2,104 will lead to a breakout. As several other news flows in both the counters, it is better to be cautious. Avoid SpiceJet for now.
INFOSYS LTD.
CMP : ₹ 1619.70
BSE Code: 500209
Is Infosys good to invest in for the long term at CMP?
- Vijaya Kittu Manda
YOU CAN ACCUMULATE THE STOCK AT CMP FOR LONG TERM
The IT sector has improved its relative strength and moved into the improving quadrant on an RRG chart. The sector may outperform the broader market for the next two months. The stock has reached near the gap area of April 18. It has broken out of an inverted head & shoulders pattern. The stock is above all the key moving averages. It is 8.54 per cent above the 50-DMA and 5.9 per cent above the 20-DMA. All the short and medium-term averages are in an uptrend. The 200-DMA is at Rs 1,657, which may act as immediate resistance and target. The gap area resistance is placed at Rs 1,650. A close above this zone of resistance is a positive sign and adds further strength. Start accumulating the stock at current levels for the long term. It may test Rs 1,900 in the medium term.