- Your accurate,
authentic
and affordable
guide to investing
Mid-cap stocks of the week May 15, 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. |
Adlabs - this scrip is in a strong uptrend and has signaled a breakout above the 150 congestion levels which takes it into a new orbit. A classic higher tops and bottoms formation is in progress and the oscillators are supporting the upmove. In the last quarter, the media scrips are in the limelight and in favour with the investing population. Traded volumes have been rising slowly yet surely in the last 6 months. We recommend a buy for the higher risk appetite investors.
Your call of action - Buy at current levels and hold with a stop loss at the 125 levels. Expect to book profits at the 185 - 200 levels in the medium term in a conducive market.
Adlabs I Berger Paints I Godrej Inds I ICI I L G Bala I Premier Auto I Tata Honeywell I Midcap index I Top I Close window I Print page
Berger Paints - This scrip is in a strong uptrend as the current market price is the lifetime high. The scrip has been a multi-bagger and is on the threshold of a breakout above the 50 levels. Should the 50 mark be surpassed on a consistent basis, the stock gets into a new grid, where support levels would rise to the 38 - 40 band. The very high relative strength of nearly 600 vis-a-vis the Nifty ( where 100 = base ) is confidence inspiring. The traded volumes have improved significantly in the last 6 months and the outlook seems positive. We recommend a buy for the patient investor / trader.
Your call of action - Buy the scrip above the 50 levels and keep a protective stop loss at the 39 levels. Expect to book profits at the 72 levels in the medium / long term in a conducive market scenario.
Adlabs I Berger Paints I Godrej Inds I ICI I L G Bala I Premier Auto I Tata Honeywell I Midcap index I Top I Close window I Print page
Godrej Inds - This scrip was recommended last week and has seen a decent appreciation in the price by approx 15 % on a week-on-week basis. The oscillators are supporting the uptrend and the scrip has signaled a convincing breakout above the 147 levels which is a sign of strength. The traded volumes have perked up and indicated a higher trader interest. The counter happens to be news driven as of now and may cool off marginally in the near term, we recommend a buy on declines.
Your call of action - Buy on declines in a correcting market at the 150 - 155 levels and hold with a stop loss at the 127 mark. In the medium term, expect a level of 185 - 195 and in the long term, higher levels maybe expected.
Adlabs I Berger Paints I Godrej Inds I ICI I L G Bala I Premier Auto I Tata Honeywell I Midcap index I Top I Close window I Print page
ICI India - This scrip is an established steady performer and exhibits a classic rising tops and bottoms formation on the weekly chart below. The scrip gets historical support at it's 52 week SMA and bounces higher. Traded volumes remain a minor concern and we advocate a buy for the patient investor with a medium / long term perspective.
Your call of action - Buy on declines to the 235 - 240 levels and leave room for averaging upto the 215 levels. Maintain a stop loss at the 200 mark and expect to book profits at the 285 levels in the medium / long term in a conducive market. Keep volumes lower as the scrip is not very liquid.
Adlabs I Berger Paints I Godrej Inds I ICI I L G Bala I Premier Auto I Tata Honeywell I Midcap index I Top I Close window I Print page
L G Balakrishna - This scrip was recommended in the previous editions and has runaway since the first recommendation date. The counter trades at a zero resistance level and is expected to rally higher in the medium / long term. The scrip has a high relative strength of 160 vis-a-vis the Nifty ( where 100 = base ) and the oscillators are pointing towards a bullish outlook. We recommend a buy for the patient investor.
Your call of action - Buy at the current levels and hold with a stop loss at the 27 mark. Expect to book profits at the 44 + levels in a conducive market in the medium term.
Adlabs I Berger Paints I Godrej Inds I ICI I L G Bala I Premier Auto I Tata Honeywell I Midcap index I Top I Close window I Print page
Premier Auto - this is a highly speculative recommendation - the counter has moved higher on heavy volumes and broken out above the 25 congestion levels. The oscillators are supporting the upmove and we recommend a nuy for the high risk traders in small lots only.
Your call of action - buy at the current levels with a stop loss at the 27 mark and expect to book profits at the 34 levels. Traded quantum must be kept at the lowest.
Adlabs I Berger Paints I Godrej Inds I ICI I L G Bala I Premier Auto I Tata Honeywell I Midcap index I Top I Close window I Print page
Tata Honeywell - the most noteworthy aspect about this chart is the high relative strength of 417 vis-a-vis the Nifty ( where 100 = base ) and the higher tops and bottoms formation with a heartening consistency. The oscillators signal a bullish outlook and long term players may buy on declines in small lots only, in view of the lower liquidity on the counter.
Your call of action - Buy at lower levels of 700 and keep room for averaging till the 660 mark. Maintain a stop loss at the 635 levels and expect to book profits at the 850 + levels in a conducive market scenario in the medium / long term.
Adlabs I Berger Paints I Godrej Inds I ICI I L G Bala I Premier Auto I Tata Honeywell I Midcap index I Top I Close window I Print page
CNX Mid-cap Index - the midcap index continues to out-perform the frontline indices and the CNX Midcap 200 index is moving higher with a consistency on a rising trendline. The momentum oscillators are pointing towards a continued upmove and the SMA's are moving along the price graph. Currently, the index is at the lifetime highs and still rising. We expect support at the 2855 levels in case of a decline and 3088 + levels in the coming week in case the outlook remains positive.
Your call of action - This is an academic study only.
Adlabs I Berger Paints I Godrej Inds I ICI I L G Bala I Premier Auto I Tata Honeywell I Midcap index I Top 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.