- The Professional Ticker Reader TM
- Your accurate, authentic and affordable guide to investing
Mid-cap stocks of the week Feb 12, 2005
The Mid cap stocks listed below are Nifty 500 components - liquid, traded easily and benchmarked volatility. These are stocks that we expect to out-perform the markets. It should be remembered that many of these stocks are trading with abnormally high volumes, maybe operator driven, and have appreciated significantly. Therefore, the risk element is likely to be very high. Take limited exposure to these stocks and maintain stop losses as specified.
|
Individual stocks. |
Amtek Auto - We recommended this scrip vide our earlier edition dtd. Nov 07 2004 and Dec 19, 2004 and the stock has been living up to our bullish expectations. Click here to view previous reports. Technical traders will note how the scrip is making higher tops and bottoms formations and is on the verge of a breakout once a close at / above 190 is achieved. That will take the scrip into a new trading zone and we recommend a buy on the counter.
Your call of action - Buy the stock at current levels and hold with a stop loss at the 158 levels. Expect a price of 225 - 240 in a few months time frame in a conducive market.
Amtek Auto I Bajaj Auto Finance I Bombay Dyeing I Bharat Earth Movers I Berger Paints I Guj Mineral I HOEC I Indian Hotels I Kesoram I Tata Sponge I Close window I Print page
Bajaj Auto Finance - This scrip is showing signs of strength as the chart pattern is that of a classic higher tops and bottoms formation. The oscillators are pointing towards a bullish undertone and a fresh upmove is not ruled out. We recommend a buy for the patient and disciplined investor as the scrip historically takes time to make larger moves.
Your call of action - buy the scrip at the 140 levels and maintain a stop loss at the 115 - 120 levels. We expect a price target of 200 + in a years time frame.
Amtek Auto I Bajaj Auto Finance I Bombay Dyeing I Bharat Earth Movers I Berger Paints I Guj Mineral I HOEC I Indian Hotels I Kesoram I Tata Sponge I Close window I Print page
Bombay Dyeing - We recommended this scrip vide our earlier edition dtd Oct 03 and Nov 21, 2004. Click here to view previous reports. Technical chartists will note how the scrip consolidated within a downward sloping channel between the 125 - 175 levels for a good 7 months. Since a breakout above the 185 levels, the scrip has not looked back. We feel the upmove is a well calibrated one and a breakout is in the offing on the counter. We recommend a buy on this counter on all declines for the patient investor / trader.
Your call of action - buy on all declines to the 225 levels and hold with a stop loss at the 200 mark. Expect to book profits at the 275 - 295 levels in 6 - 8 months time frame.
Amtek Auto I Bajaj Auto Finance I Bombay Dyeing I Bharat Earth Movers I Berger Paints I Guj Mineral I HOEC I Indian Hotels I Kesoram I Tata Sponge I Close window I Print page
Bharat Earth Movers - We recommended this scrip vide our earlier edition dtd Nov 07 and 27, 2004 and the scrip has been an above average investment. Click here to view previous reports. Technical traders will note how the upmove that commenced from the 100 levels in August 2003 saw a near 100 % retracement. The following rally has now seen a minor correction which lends impetus to the ongoing price movement. The scrip has closed above the 350 levels which is a congestion threshold and as long as the stock stays above this level, the bullishness is likely to be maintained. A buy is recommended for the patient and disciplined investor.
Your call of action - buy at the current levels and hold with a stop loss at the 320 levels. Expect the scrip to cross the 400 - 410 levels in a conducive market in the medium term.
Amtek Auto I Bajaj Auto Finance I Bombay Dyeing I Bharat Earth Movers I Berger Paints I Guj Mineral I HOEC I Indian Hotels I Kesoram I Tata Sponge I Close window I Print page
Berger Paints - this paints major is in an uptrend and is making a classic textbook bullish chart formation. The scrip is making a higher tops and bottoms formation and has seldom tested the 13 week SMA so far. The 35 levels are becoming a crucial floor for the scrip and we expect further upsides on the counter. Although the outlook is bullish, it must be remembered that the scrip has appreciated 400 % and therefore historical performance should not be used as a benchmark for the future short term performance. A buy is recommended for the patient investor.
Your call of action - buy the scrip on all declines and maintain a stop loss at the 34 levels. Expect to book profits at the 60 - 64 levels in the medium term in a good market.
Amtek Auto I Bajaj Auto Finance I Bombay Dyeing I Bharat Earth Movers I Berger Paints I Guj Mineral I HOEC I Indian Hotels I Kesoram I Tata Sponge I Close window I Print page
Guj Mineral - We recommended this scrip vide our earlier edition dtd. Oct 03, 2004. Click here to view previous reports. This scrip has a few noticeable aspects to it's weekly chart. Technical traders will please note how the scrip has a higher than average relative strength and the chart is making a higher tops and bottoms formation. The scrip is currently consolidating and is likely to breakout above the 350 levels and should it manage to close above this threshold levels consistently, a new uptrend will be signalled. We recommend a buy for the medium term investors.
Your call of action - Buy once the scrip trades consistently above the 350 levels and hold with a stop loss at the 320 levels. Expect to book profits at the 400 + levels in a conducive market in the medium term.
Amtek Auto I Bajaj Auto Finance I Bombay Dyeing I Bharat Earth Movers I Berger Paints I Guj Mineral I HOEC I Indian Hotels I Kesoram I Tata Sponge I Close window I Print page
Hind Oil Exploration - We recommended this scrip vide our earlier edition dtd Sept 19, 2004. Click here to view previous reports. The scrip has appreciated handsomely since the prior recommendation and has successfully completed a breakout. As long as the stock manages to stay above the 100 levels, we expect the uptrend to sustain and the stock to attain fresh peaks. It may also be noted how the scrip enjoys a very high relative strength of 384 ( where 100 = base ) and is a market out-performer.
Your call of action - Buy the scrip as long as it trades consistently above the 100 mark. Expect to book profits at the 128 - 140 levels in a conducive market in the short / medium term. Over the longer term, we expect the stock to surpass the 150 levels comfortably. All bull positions must be protected with a stop loss at the 87 - 88 levels.
Amtek Auto I Bajaj Auto Finance I Bombay Dyeing I Bharat Earth Movers I Berger Paints I Guj Mineral I HOEC I Indian Hotels I Kesoram I Tata Sponge I Close window I Print page
Indian Hotels - We recommended this scrip vide our earlier edition dtd Sept 19, 2004 and has been a superlative performer. Click here to view previous reports. After a breakout above the 520 levels, the scrip enters a low resistance zone and further upsides are likely to be seen effortlessly. The relative strength is picking up and the scrip is gradually becoming a market out-performer. We expect the uptrend to continue all through this calendar year and recommend a buy on this investor friendly scrip for all portfolio investors.
Your call of action - Buy at current levels and on all declines to the 575 levels and hold with a stop loss at the 535 levels. Expect to book profits at the 700 + levels in a years time frame.
Amtek Auto I Bajaj Auto Finance I Bombay Dyeing I Bharat Earth Movers I Berger Paints I Guj Mineral I HOEC I Indian Hotels I Kesoram I Tata Sponge I Close window I Print page
Kesoram Inds - We recommended this scrip vide our earlier edition dtd Sept 26, 2004 and Jan 09, 2005. The scrip has rewarded investors well and continues to trade higher. Click here to view previous reports. Enjoying a high relative strength, and oscillators supporting an upmove, the stock trades above it's moving averages, with the averages themselves trending higher. All in all, a bullish picture and buying is recommended.
Your call of action - Buy near the 130 levels and hold with a stop loss at the 112 levels. Expect profit taking at the 160 + levels in the medium term.
Amtek Auto I Bajaj Auto Finance I Bombay Dyeing I Bharat Earth Movers I Berger Paints I Guj Mineral I HOEC I Indian Hotels I Kesoram I Tata Sponge I Close window I Print page
Tata Sponge - We recommended this scrip vide our earlier edition dtd Sept 19 & 26 2004, Oct 3 & 10 2004. Our investors have reaped huge rewards from this investment and we feel the upsides are still intact. Click here to view previous reports. A very high relative strength and a strong higher tops and bottoms formation is a confidence inspiring sign on the counter. We recommend a buy on all significant declines for the patient investor.
Your call of action - Buy on all major declines to the 180 - 190 levels and hold with a stop loss at the 158 levels. Expect to book profits at the 250 levels in a years time frame.
- Amtek Auto I Bajaj Auto Finance I Bombay Dyeing I Bharat Earth Movers I Berger Paints I Guj Mineral I HOEC I Indian Hotels I Kesoram I Tata Sponge I Close window I Print page
- Have a profitable week.
- Vijay L Bhambwani
- Ceo :- Bsplindia.com
The author is a Mumbai based investment consultant and invites feedback at Vijay@BSPLindia.com and ( 022 ) 23438482 / 23400345.
SEBI disclosure :- The author has no positions in any securities mentioned above.
- While all due care has been taken while in compiling the data enclosed herein, we cannot be held responsible for errors, if any, creeping in. Please consult an independent qualified investment advisor before taking investment decisions. This mail is not sent unsolicited, and only advisory in nature. We have accepted no consideration from any company mentioned above and recommend taking decisions on merits of the stocks from our viewpoint. This email is being sent to you as a paid subscriber. Please protect your interests and ours by not disclosing the contents to any un-authorised person/s
Legal notice :- The Professional Ticker Reader is a trademark of Bhambwani Securities (P) Ltd. and any un-authorised replication / duplication in part or full will be infringing our trademark and will result in legal action being enforced on the infringing persons / parties.