Skip to main content

KEC International

KEC International:-

18th Dec 2013
The Stock has given the breakout from the Flag on the upper side. Momentum indicator has given a buy signal.

CMP - 50.9, SL - 50, T - 53.7/ 55 / 57

There is stiff resistance at levels of 55, if broken on upside then the stock can move easily to 65/70 levels.

Hourly Chart

Daily Chart



Comments

Popular posts from this blog

Nifty Trend - 5/1/14 - 12/1/14

Market Analysis - technical view. Nifty and Bank Nifty charts indicate there is ngeativity in the market. BN should contribute the most in the downfall. Though Nifty has taken support at lower trendline, however this should be broken as soon as BN breaches 11000 levels. Oil & Gas may show some respite but BN should eventually drag the markets down. Target:- BN (SELL) - SL - 11326, Tp - 10890, CMP-11181. Nifty (Sell) - if closes below 6150 for targets of 6030. Bank Nifty Nifty Market Analysis - Short term view. The week saw a sudden surge in volatility as well collapse of the same. However, be cautious as the volatility is above the MVA-10. Gold is nicely poised at 1235 breaking the resistance of 1225.  Silver after showing good gains overnight is building the base.  USD INR making a comeback to 62.24 levels. Crude and Brent Crude show sharp downfalls. However, the contra trade is dollar index which is trading from 0.5% - 1% gai...

CCL Products

CCL products (Strong Buy) - The stock has been showing strong momentum. However, correction is on anvil for (39 - 37), and this should give us the opportunity to accumulate the stock.  The stock can give returns on Long term Horizon. The stock is trading at very cheap valuation as compared to its peers like TATA Cofee & McLeod Russel. Daily Chart Results as of 28th Jan:- CCL Products India has reported a consolidated sales turnover of Rs 198.26 crore vs Rs 166 and a net profit of Rs 17.19 crore vs Rs 16.66 for the quarter ended Dec '13. Other income for the quarter was Rs 0.86 crore. For the quarter ended Dec 2012 the consolidated sales turnover was Rs 207.60 crore and net profit was Rs 15.24 crore. Read more at:  http://www.moneycontrol.com/news/results/ccl-products-consolidated-dec-13-sales-at-rs-19826-crore_1032609.html?utm_source=ref_article Buy :- CMP-40.35, Trigger price for Buy - @37/34