Technical Portfolio Guide

BLISS GVS PHARMA LTD 
CMP: Rs.97.00
BSE Code: 506197 

Shall I enter Bliss GVS Pharma at CMP for the medium term? - Shreyas Parikh

AVOID BUYING BLISS GVS FOR NOW.

Bliss GVS Pharma Ltd is currently trading at Rs. 97.00. Its 52-week high/low stand at Rs 199.80/ Rs 84.35 made on August 29, 2018 and August 5, 2019, respectively. After registering all-time high, the stock had marked a sequence of lower tops and lower bottoms. Recently, the stock had given breakdown of upward sloping trendline support on the weekly time frame. Additionally, the stock formed a bearish closing Marubozu candle in the breakdown week, which indicates extreme bearishness. Currently, the stock is trading below its 20-week EMA (144.40), 50-week EMA (158), 100-week EMA (163) and 200-week EMA (152.70), which indicates a medium-long term downtrend. The leading indicator weekly RSI is in super bearish zone and the weekly MACD is trading below zero line and signal line. The histogram is suggesting that the downside momentum is picking up. Moreover, considering the weekly time frame, the stock is trading below the lower Bollinger band and Ichimoku cloud. Considering all the above factors, we recommend you to avoid buying Bliss GVS Pharma for now. 

CARBORUNDUM UNIVERSAL LTD 
CMP: Rs.281.95
BSE Code: 513375 

I am holding shares of Carborundum Universal bought at Rs 340. I don’t want to exit at loss. What should I do? - Rohit Kumar

EXIT CARBORUNDUM UNIVERSAL AT THE CURRENT MARKET PRICE.

Carborundum Universal Ltd is currently trading at Rs. 281.95. Its 52-week high/low stand at Rs 415.25/Rs 274.10 made on March 29, 2019 and August 13, 2019, respectively. Near the all-time high level, the stock had formed Adam and Adam double top pattern and, as on weekend of August 2, 2019, it had given breakdown of neckline of double top pattern. According to the measure rule of Adam and Adam double top pattern, the target is placed at Rs 207. Currently, the stock is trading below its weekly pivot and short-long term moving averages, i.e. 20-week EMA, 50-week EMA, 100-week EMA and 200-week EMA. From the momentum indicators perspective, the 14-period weekly RSI is currently quoting at 28.94 and it is trading below its 9-week average. The weekly MACD is trading below its zero lines since last 14 weeks. Moreover, the fast stochastic line is also trading below the slow stochastic line. Considering all above factors, we recommend you to exit Carborundum Universal at current market price.

KEI INDUSTRIES LTD
CMP: Rs.467.00
BSE Code:517569

I am holding 80 shares of KEI Industries at an average price of Rs 330. What to do now? Hold or book profit? - Kumar Jain

HOLD KEI INDUSTRIES WITH STOP LOSS OF RS 400 ON A CLOSING BASIS. 

KEI Industries Ltd is currently trading at Rs. 467. Its 52-week high/low stand at Rs 532.30/Rs 248.40 made on May 29, 2019 and October 23, 2018, respectively. After registering all-time high, the stock had entered into the corrective phase. The correction was halted near the upward sloping trendline support and 50-week EMA, where it had formed bullish engulfing candle on the weekly scale. The major trend of the stock is bullish as it is trading above its weekly pivot and above its longshort term moving averages, i.e. 20-week, 50-week, 100-week and 200-week EMAs and these moving averages are exactly in an ascending order, which suggests that the trend is strong. The weekly stochastic oscillator is also suggesting some bullish strength as %K is above the %D. Moreover, the daily ADX and +DI is above the -DI, which indicates positive strength in the stock. Considering all the above factors, we recommend you to hold KEI Industries with stop loss of Rs 400 on a closing basis as it is the confluence of 50-week EMA and upward sloping trendline support. 

INDIA CEMENTS LTD 
CMP: 79.60
BSE Code: 530005 

I have bought India Cements at Rs 104 for the short term. I would like to know your suggestion on this stock looking at the current market. - Asoke Ganguly

EXIT INDIA CEMENTS AT THE CURRENT MARKET PRICE. 

India Cements Ltd is currently trading at Rs. 79.60. Its 52-week high/low stand at Rs 128.20/ Rs 74.85 made on August 31, 2018 and February 12, 2019, respectively. The stock had given breakdown of 'Bump and Run' reversal pattern as on weekend of February 2, 2018 and, thereafter, it had marked a sequence of lower tops and lower bottoms. Currently, the major trend of the stock is bearish as it is trading below its weekly pivot and short-long term moving averages, i.e. 20-week EMA, 50-week EMA, 100-week EMA and 200-week EMA. The 14-period weekly RSI is currently quoting at 35.81 and it is in a falling mode. The weekly MACD stays bearish as it is trading below its zero line and signal line. Moreover, on the weekly scale, the fast stochastic is also trading below its slow stochastic line. Considering all the above factors, we recommend you to exit India Cements at the current market price.