Technical Portfolio Guide
ITD CEMENTATION INDIA LTD
CMP: Rs.62.20
BSE Code: 509496
ITD Cementation India looks promising for now. Can I enter the scrip now? - Sanika Acharya
AVOID BUYING ITD CEMENTATION INDIA FOR NOW.
ITD Cementation India Ltd is currently trading at Rs. 62.20. It touched its 52-week high/lowat Rs. 143.40/Rs. 61.20 on March 12, 2019 and September 19, 2019 respectively. The stock had given breakdown of upward sloping trendline as on weekend of March 09, 2018 and thereafter, it has marked the sequence of lower tops and lower bottoms. Meanwhile, since last seven weeks, the stock is trading in rectangle formation. The short and long term 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 leading indicator 14-period weekly RSI is in super bearish zone and it has not been able to cross the 60 mark since March 2019. The MACD also stays bearish as it is trading below its zero and signal line since last 19 weeks. In case the stock sustains or close below the lower trendline of the Rectangle formation, currently placed at Rs. 65, it may extend its southward journey. Considering all the above factors, we recommend you to avoid buying ITD Cementation India for now.
INDIABULLS HOUSING FINANCE LTD
CMP: Rs.395.15
BSE Code: 535789
Can I buy IBULLHSG for four months at current price? - Amit Mehta
AVOID BUYING INDIABULLS HOUSING FINANCE FOR NOW.
Indiabulls Housing Finance Ltd is currently trading at Rs. 395.15. It touched its 52-week high/low at Rs. 1188.40/Rs. 378.85 on September 21, 2018 and September 19, 2019 respec- tively. The stock had formed a bearish Dark cloud cover pattern as on weekend of February 02, 2018 and thereafter, the stock marked a sequence of lower tops and lower bottoms. Currently, the stock is trading below its 20-week EMA (569.70), 50-week EMA (714.15), 100-week EMA (827.30) and 200-week EMA (813.10), which indicates a medium-long term downtrend. The 14-period weekly RSI is currently quoting at 31.75, trading below its 9-week average and is in falling mode, which indicates further downside momentum. The weekly MACD stays bearish as it is trading below its zero line and signal line. Currently, the volumes support the falling prices and the oscillators are inclined southward, suggesting further decline in the stock price from the current levels. Considering all the above factors, we recommend you to avoid buying Indiabulls Housing Finance Ltd for now.
NESTLE INDIA LTD
CMP: Rs.12699.45
BSE Code:500790
I am holding stocks of Nestle India at an average price of Rs. 10500. Should I continue to hold this scrip? - Avinash Patil
HOLD NESTLE INDIA WITH A STOPLOSS OF RS. 11900 ON CLOSING BASIS.
Nestle India Ltd is currently trading at Rs. 12699.45. It touched its 52-week high/low at Rs. 12946.15/Rs. 9080.10 on August 30, 2019 and October 11, 2018, respectively. The stock had given a breakout of Symmetrical Triangle pattern as on weekend of May 31, 2019, and thereafter, the stock has been witnessing a gradual rise to its all-time high level. The major trend of the stock is bullish as it is trading above its weekly pivot and above its long-short 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 leading indicator 14-period weekly RSI is currently quoting at 67.75 and it is trading above its 9-week average. The weekly MACD stays bullish as it is trading above its zero line and signal line since May 24, 2019. Moreover, weekly ADX, the trend strength indicator is at a healthy level of 28.09. The directional parameter +DI is much above the -DI. Considering all the above factors, we recommend you to hold Nestle India with a stop loss of Rs. 11900 on closing basis as it is the confluence of upward sloping trendline support and 20-week EMA.
DOLLAR INDUSTRIES LTD
CMP: 191.05
BSE Code:541403
I am holding Dollar Industries Ltd bought at Rs. 195 in August, expecting it to bounce back, but it fell more. What should I do? - Vimal Kumar
EXIT IN DOLLAR INDUSTRIES AT CURRENT MARKET PRICE.
Dollar Industries Ltd is currently trading at Rs. 191.05. It touched its 52-week high/low at Rs. 335.90/Rs. 178.45 on September 25, 2018 and August 02, 2019, respectively. The stock had given a horizontal trendline breakdown as on weekend of June 01, 2018, and thereafter, it has marked a series of lower tops and lower bottoms. Currently, the stock is trading below its weekly pivot and short-long term moving averages, i.e. 20-week EMA, 50-week EMA and 100- week EMA. From the momentum indicators perspective, the 14-period weekly RSI is currently quoting at 34.02 and it is in super bearish zone. The 14-period weekly RSI is not able to cross the 60 mark since January 2018. The weekly stochastic oscillator is also suggesting some bearish momentum as %K is below the %D. The weekly MACD also stays bearish as it is trading below signal line and zero line. Moreover, on weekly and daily time frame, the stock is trading below its Ichimoku Cloud. Considering all the above factors, we recommend you to exit Dollar Industries at current market price.