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Mid Cap - 31/12/13

Reliance Power:-

The stock had been trading in a Narrow range of Symmetrical Triangle. However, the uncertainity in the stock should be over with the announcement of the Auditing by CAG as ruled by Delhi Govt.

This would drag the stock to much lower levels of 65.

CMP - 73
SL - 76
Target - 65



BEML:-
For the period while the Net Sales increased by 27.96%, Net Profit grown by 37.73% and thereby NPM improved to 5.18% as compared to 10.64% on y-o-y basis.

 The Stock has broken the upward Trendline. And the correction should be seen to take long position in stock. Avg volumes has been above in excess of daily averages.

 CMP - 236
Target - 270
SL - 220


Neyvelli Lignite:-

 The stock has broken the ascending triangle on upside. There was some correction in last minutes of trading for the day. However, breaking the triangle on upside with huge upsurge in volumes indicate a decisive upmove.

 Buy : TP - 68.5, SL - 62.6, 

 There is inverted head and shoulders pattern emerging, if it breaks level of 64, then stock can give big time upmove.

For the period while the Net Sales increased by 2.49%, Net Profit dipped by 28.32% and thereby NPM reduced to 17.36% as compared to 24.82% on y-o-y basis. however, this would improve with the change in govt policies regarding the Coal mines and Minerals.


Dewan Housing:-

The Stock has broken upper trendline with huge volume on 24th Dec, and since 25th has been corrected to levels of 210. The stock has strong support zone at 195- 200. ANy correction should be bought into by traders.

 For the period while the Net Sales increased by 42.88%, Net Profit grown by 50.42% and thereby NPM improved to 11.07% as compared to 10.51% on y-o-y basis.

CMP - 212, TP 240, SL - 196.
Exide Industries:-

 Exide Industries is in Uptrend with resistance at 125, however the Osc and RSI are in bullish trend, and given volume upsurge the stock can reach levels of 135.

 CMP - 123
TP -128/135
SL - 118


Goa Carbon:-

Goa Carbon - Stock is in Expanding ascending triangle with good volumes, that indicates the stock is giving strong BUY signals. This is also confirmed from RSI and Stochaistics.

CMP - 67, Buy SL - 63, TP - 75 / 85.


SKS Microfinance

The Stock has been ascending trading in the channel. During this time, it has been in correction mode. However do note, that lower levels of trendline should come as a support to the stock at the levels of 180.
Location: Singapore

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