Automobile Corporation of Goa:
Another excellent Auto Ancillary pick which was not discussed till now as it was a client recommendation ( Earlier one Autoline Inds 140 to 200 , Motherson 155 to 190 were given to clients in similar manner in Delivery Gains Scheme)
The stock gave a good breakout around 320 and is now consolidating. Stock should soon breakout above 400 to give a quick move to 450 where we would look to book half or more.
The stock is making an excellent Cup and Handle Pattern on Weekly Charts.
Closing above 275-277 could take the stock to 350 levels in short to medium term.
Market Buzz suggests some demerger talk for many months - Will it Come ?
UTTAM GALWA STEELS:
Its almost been a year since Lakshmi Mittal took a stake in this co. Since then there has been no effect on the stock. Is it time for it to catch up ?
Technically a stronger upmove could come on closing above 142-145.
Well for us it was recommended at 122-125 levels in Delivery Gains product. Will keep booking profits on further moves maybe hold for larger tgts 🙂
The stock has been consolidating for a long time in this tight range of 20 bucks.
Will it see quick move to 225 in near term. Possible on sustaining above 196-200
INDO RAMA SYNTHETICS :
Yet another Textile Stocks which seems to be firming up.
Multiple Tops suggest an explosive move to 50 + is possible
RANE BRAKE :
Yet again another Auto Ancilliary looking similar to Motherson technically ( Check chart in ppt)
Investors with patience can buy with a target of 15-25%. Fundamentally excellent as per a brief look.
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