Technical Portfolio Guide

AURIONPRO SOLUTIONS

CMP: Rs. 161.55 BSE Code: 532668

Can I enter Aurionpro for averaging at the current levels?
 - Rajesh Kumar J

AVOID AURIONPRO SOLUTIONS FOR NOW, ENTER ON CLOSE ABOVE RS 166.60

Aurionpro is currently trading at Rs 153.95. Its 52-week high/low stand at Rs 252.88/Rs 135.55 made on January 4, 2018 and October 25, 2018, respectively. The stock gave a shooting star pattern, along with a swing high at its 52-week high level. Thereafter, the stock corrected forming a descending triangle pattern on the daily time frame. It attempted a breakout at Rs 211.50 level on August 3, which turned into a whipsaw. The stock gave a sharp fall after retreating and breached the triangle pattern hitting a low of Rs 137.10 on October 5. The stock holds a multiple bottom at Rs 139-140, but the low volumes and RSI much below 50 suggest lack of momentum. We suggest you to avoid and enter on close above Rs 166.60.


SONATA SOFTWARE

CMP: Rs. 311.05 BSE Code: 532221

I had bought Sonata Software at Rs 350 level, when it started falling. It has bounced slightly. So what should I do now?
- Sanyam Miglani

HOLD SONATA SOFTWARE WITH A STOP LOSS OF RS 283

Sonata Software is currently trading at Rs 311.05. Its 52-week high/low stand at Rs 428.75/Rs 180.05 made on September 19, 2018 and November 01, 2017, respectively. The stock traded in a slightly upward channel pattern since February 2018. At 52-week high, the stock resisted at the upper trendline of the channel and gave a Doji pattern with which it saw a sharp downbeat up to Rs 266, i.e. below the lower trendline. Meanwhile, it had also hit the oversold zone and the volumes were insignificant from its recent downward rally from Rs 349.50. Recently, the stock took support at Rs 266 and has surged for four consecutive days with rising volumes and 14-period RSI positive crossover. Meanwhile, it also gave a breakout from the 200-day EMA. We suggest you to hold for now. 


FEDERAL BANK 

CMP: Rs. 82.65 BSE Code: 500469

Can I enter Federal Bank at the current levels to average?
- Ananth Atri

AVERAGE FEDERAL BANK AT THE CURRENT LEVELS

Federal Bank is currently trading at Rs 82.65. Its 52-week high/low stand at Rs 123.50/67.05 made on November 01, 2017 and October 4, 2018 respectively, portraying a downtrend. However, the said downtrend is in the form of downward sloping channel pattern which was initiated in August 2017. After hitting 52-week low, the stock formed a rounding bottom-like pattern within the channel and gave a breakout of both rounding bottom followed by a channel pattern at Rs 83.50 and Rs 83.80 respectively. Meanwhile, the stock breached its 100-day EMA and is heading towards 200-day EMA level. We suggest you to buy.


MONSANTO 

CMP: Rs. 2579 BSE Code: 524084

Can I enter Monsanto as it has bounced back from near the 52-week low
 - Barathkumar Neelamegam

AVOID MONSANTO ON ACCOUNT OF EXTREME VOLATILITY

Monsanto is currently trading at Rs 2579 Its 52-week high/low stand at Rs 3358/Rs 2401 made on September 17, 2018 and February 6, 2018, respectively. Considering the daily time frame, the stock witnessed a very sluggish move up to September 14, followed by volatile moves with huge candles after that, where it also hit 52-week high. After hitting 52-week high, the stock has tumbled and also breached its 100-day EMA level. It hit a low of Rs 2424 on October 25, which is near to its 52-week low level. The stock may see a reversal, but volatile volumes and 14-period RSI trailing at 42 levels do not suggest a good momentum or a consistent move upside. We suggest you to avoid for now.