Reliance industries saw a major profit booking in line with the macro indices. The stock recently touched 2200 levels on 3rd Mar 2021. From thereon we have seen constant profit booking in the stock and it has made continuous lower high and lower bottom candles. The stock is at a critical juncture wherein 50 / […]
Stock Name : Manaksia Ltd – Recommendation : Current price of 57 , Buy in small chunks at every fall and hold for long term for a target of 130+. Group specialises in the manufacture of packaging products (crowns, closures and metal containers), metal products and fast moving consumer goods, among others. Nearly debt free […]
Brand and Business Back ground : Hindware Industries LimitedBrand value – Good and reputed brand value , Fortune Top 500 companies in India ( 2018) Segments – Building Products Division (BPD), Consumer Products Division (CPD), Retail Division and Packaging Products Division (PPD)“Line of Business – Sanitary Ware, Soft Furnishings ,Modular Furnishings ,Pet Bottles production ,Luxury […]
Today , am going to mention a stock which am reviewing since 3 months now and finally decided to start accumulation on this stock . Recommendation : Buy / Horizon : 3 to 5 Yrs / Target : 100% Stock Name : RVNL ( Rail Vikas Nigam Ltd) Rail Vikas Nigam is engaged in creating […]
A machine based portfolio builder for Nifty 50 stocks. Below is the snapshot of the top picks of the portfolio. This is for education purpose only and should not be taken as a trading advice . Have used Mean Variance Optimization technique taking 5.10% as the risk free rate. Period : 01-Aug -2019 to 31 […]
We have slightly changed our algo model to generate both intraday and positional / short term trend for stocks . Currently we are tracking handful stocks , soon i will be developing an automated scanner for Nifty 500 stocks.
I have recently started building a combination of fundamentals , technical and sentiments based scoring algorithm. There are 7 parameters on which the system decides the score. ( Here bearish doesn’t mean sell , if the stock is bearish and score is below 2 then direction is sell , else bearish means to avoid!)
Often we are so biased with our thoughts that we tend to overlook what data is suggesting . A lot has happened in the past 90 days in the broader economy of India . Keeping that in mind , i though of sharing some macro economic data points which will help you to decide your […]
I am Aww struck and trying to understand the superb rally in metals globally and in India . Some stocks have recovered over 100% from their March lows . I did a correlation analysis of the Metal Index vs the Nifty VIX and found a negative correlation of -0.59 , so from here if we […]
Markets have seen a very strong up move contributed by pocket buying in some of the sectors and heavy lifters . But the economy needs more time to stabilize and reach at pre covid levels. However the stocks are defying this logic and have recovered from their lows , one such stock is Hindalco . […]
