Thursday, October 29, 2015

Adani ports & special economic zone - Update [1]

Please refer earlier post on Adani Ports here.



Observations:
    Monthly/Weekly Trend: Range bound
    Broader Range: 295 ~ 370
    Weekly Supply Zone: 282.85 ~ 266.45

Adani Ports has been range bound since Jan. 2015. The broader range is 295 to 370. The weekly supply zone is in the range of 282.85 ~ 266.45. However, the price had not come in this range in several months.

It is imporant to watch today's closure which completes weekly and monthly timeframe. 

FY16 Q2 result: 2nd November.

Disclosure: I am holding shares of Adani Ports. The chart above is created using http://in.investing.com/.



Disclaimer: The views presented on desiBULLZ are my personal views. The analysis is my study of technical analysis and for educational purpose only. The views and analysis are not trading tips and should not be used for trading. The financial gain/loss arising by using the views/analysis is the personal responsibility of stock trader/investor.

NMDC - Update [2]

Please refer earlier update on NMDC here.





On 16th Oct., NMDC closed above the monthly trend line tested 105.50 as shown in the daily chart. After a brief downward movement, it has resumed the upward movement towards resistance of 105.5 level. In past two sessions, NMDC has shown resilience despite the broader market was negative. Monthly and weekly closes have to be watched today.

 Following is the levels and trends are still valid.

    Monthly trend [T1]: DOWN
    Weekly/Daily trend [T2]: UP (not shown in charts)
    Weekly supply zone [R1]: 102.2 ~ 105.1
    Daily supply zone [R2]: 102.90 ~ 105.1 - inside R1

Disclosure: I am holding shares of NMDC. The chart above is created using http://in.investing.com/.



Disclaimer: The views presented on desiBULLZ are my personal views. The analysis is my study of technical analysis and for educational purpose only. The views and analysis are not trading tips and should not be used for trading. The financial gain/loss arising by using the views/analysis is the personal responsibility of stock trader/investor.

Monday, October 19, 2015

Bharat Forge


Bharat Forge Limited is the flagship company of the USD 2.4 billion Kalyani Group founded by Nilkanthrao Kalyani in 1961 and commenced its operations in 1966. It is a Pune-based Indian multinational company involved in automotive, power, oil and gas, construction & mining, locomotive, marine and aerospace industries. The company has manufacturing operations across nine locations and six countries – 2 in India, 3 in Germany and one each in Sweden, Scotland UK, USA & China.



Bharat Forge Limited (BFL) has the presence in following industrial sectors and products.


Company financial for past 5 years


Quarterly results [Standalone]



10-year trend



Bank of America Merill Lynch has downgraded Bharat Forge to underperform. Price target has been cut by 10% to Rs 1130. A decline in heavy truck orders in North America was the reason behind the downgrade. This will slow down the exports of steel forgings to the US truck and machinery sector.


CLSA has also downgraded Bharat Forge to sell sighting the reason of export slowdown. It has set a target price of Rs 745.

Is this a good opportunity for an investment? More to follow...

NMDC - Update [1]

Please refer my earlier posts on NMDC technical here.









NMDC closed above the monthly trend line and is in the weekly and daily supply zones R1 & R2. Following is the levels and trends.

    Monthly trend [T1]: DOWN
    Weekly/Daily trend [T2]: UP (changed from the previous post)
    Weekly supply zone [R1]: 102.2 ~ 105.1
    Daily supply zone [R2]: 102.90 ~ 105.1 - inside R1

There is double bottom pattern formation is in progress. However, the pattern is not complete yet. It completes once the price moves past the highest price of the peak which is around 105.1. The double bottom is bullish reversal pattern and 140 is the target. But there are resistances/supply zone in between.

If the supply zones R1 & R2 are taken out decisively, it opens a possibility of targets 112 & then 123. On the reverse, it may test the weekly/daily trend line T2. Conservative traders can book the profit and wait for next entry opportunity.

Disclosure: I am holding shares of NMDC. The chart above is created using tradingview.


Disclaimer: The views presented on desiBULLZ are my personal views. The analysis is my study of technical analysis and for educational purpose only. The views and analysis are not trading tips and should not be used for trading. The financial gain/loss arising by using the views/analysis is the personal responsibility of stock trader/investor. 

Wednesday, October 14, 2015

Tata Power [BOM500400] - Update

Please refer to my earlier update here.



From past five trading sessions, tata power is struggling in the upper area of R1 [Weekly supply zone [R1]: 67.2 ~ 70.05. Click here for the details]. It has breached the T1 trend line, but the T2 trend line is still intact. The coming two trading session is crucial and would decide the next course. 

Possibilities:
   1. Close below the T1 trend line and continue the down trend
   2. Test the T2 trend line and decisively break the T2 and the upper boundary of R1. But close above 70.05/70.15 on daily/weekly basis is required.

Let's see how it pans out.

Disclosure: I am holding shares of tata power. The chart above is created using tradingview.


Disclaimer: The views presented on desiBULLZ are my personal views. The analysis is my study of technical analysis and for educational purpose only. The views and analysis are not trading tips and should not be used for trading. The financial gain/loss arising by using the views/analysis is personal responsibility of stock trader/investor. 

Sunday, October 11, 2015

NMDC - Technical

Please refer my earlier post on introduction on NMDC. 



Observations:
    Monthly trend [T1]: DOWN
    Weekly trend [T2]: DOWN
    Weekly supply zone [R1]: 102.2 ~ 105.1
    Daily trend: not clear
    Daily supply zone [R2]: 102.90 ~ 105.1 - inside R1
    Double bottom formation in progress in range 88 ~ 90. However, for trend reversal 105.1 must be crossed decisively.

For short-term, NMDC is in the range of 90 ~ 105. Traders can enter around 90 and exit around 105. A strictly stop-loss must be maintained at 87/85.

For long-term/investment view, NMDC can be accumulated in the range of 90 to 100. But the weekly & daily supply zones, R1 & R2, must be taken out with good volume for the further up move.

Let us see how NMDC pans out in coming weeks and keep a close watch for updates.

Disclosure: I am holding NMDC shares.


Disclaimer: The views presented on desibullz are my personal views. The analysis is my study of technical analysis and for educational purpose only. The views and analysis are not trading tips and should not be used for trading. The financial gain/loss arising by using the views/analysis is the personal responsibility of stock trader/investor. 

Saturday, October 10, 2015

NMDC - Introduction

NMDC is GoI fully owned public enterprise under the administrative control of the Ministery of Steel, GoI. It was incorporated in 1958 and conferred the Navaratna status in 2008.

NMDC is India's largest iron ore producer with the present capacity of 10 million tonnes of iron ore from three fully mechanized mines. It mines wide range of minerals including iron ore, copper, rock phosphate, lime stone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, beach sands etc.

NMDC's iron ore mines are located in Chhattisgarh and Karnataka states.

Production projects of NMDC
1. Bailadila Deposit-14/11C
2. Bailadila Deposit-5 10/11A
3. Donimalai Iron Ore Mines

Brief History:
  1. Incorporated on November 15, 1958 under the Companies Act as National  Mineral Development Corporation Private Limited
   2. Became a deemed public limited company with effect from March 13, 1975 
   3. Acquired the Panna Diamond Project in 1966 
   4. Commenced production of iron ore from Bailadila Deposit No.14. in 1968
   5. Commenced production of iron ore from Bailadila Deposit No.5 and Donimalai Iron Ore Mine in 1977
   6. Commenced production of iron ore from Bailadila Deposit No.11C. in 1987
   7. Equity Shares were split from Rs. 1000 per share to Rs. 10 per share in 1992
   8. Disinvested 2,130,000 Equity Shares on 1993
   9. Conferred the Miniratna status in 1998
   10. Commenced  production of iron ore from Bailadila Deposit No.10/11A in 2002
   11. Equity Shares were split from Rs. 10 per share to Re. 1 per share in 2008
   12. Conferred the Navratna status in 2008

For a detailed history, please refer Money Control - NMDC history.

Subsidiary/associate/joint venture companies:

Company achievement (past 5 years)
For more details on company financials click here.

NDMC has good track record of consistently makingprofit and paying dividend. It makes the company a promising candidate for long-term investment
.

More to follow...

    Wednesday, October 7, 2015

    Tata Power [BOM500400] - Update

    Please refer earlier post on Tata Power.





    On 6th, Tata power closed above 68 and breached the daily supply zone R2. And on 7th, it closed above 70 breaching the weekly supply zone R1. The close has also violated the trendline T1. However, there are two more trading sessions for weekly close. The closes in past two/three weeks has respected the trend line T2.



    On monthly chart, following are two supply zones.
       Supply zone [R3]: 86.8 ~ 92.4
       Supply zone [R4]: 104.7 ~ 115.15
       Monthly trend: DOWN

    The daily close on 7th is right of the monthly trend line (green line on monthly chart). The next two trading sessions are important for,
       1. closing above the R1 and R2, and
       2. testing the monthly trend line.

    Closing above the monthly trend line with open up the possibility of testing the R3 zone.

    Disclosure: I am holding tata power shares.

    Disclaimer: The views presented on desibullz are my personal views. The analysis is my study of technical analysis and for educational purpose only. The views and analysis are not trading tips and should not be used for trading. The financial gain/loss arising by using the views/analysis is personal responsibility of stock trader/investor. 

    Sunday, October 4, 2015

    Marksans Pharma Ltd. [MARKSANS] - Update

    Please refer my earlier post on Marksans Pharma.




    On weekly and daily charts, Marksans did not breach the T3 trend line keeping the up-move intact. However, it had breached the weekly and daily supply zones, R2 & R4. This can be the continuation pattern in making. In coming days, it must be closely observed if the supply zones can be taken out for further up-move.

    Disclaimer: The views presented on desiBULLZ are my personal views. The analysis is record of my study of technical analysis and for educational purpose only. The views and analysis are not trading tips and should not be used for trading. The financial gain/loss arising by using the views/analysis is personal responsibility of stock trader/investor.

    Welcome to desiBULLZ!



    desiBULLZ is all about learning about investing in indian stocks. I shall post about the investment windows provided by companies with great track record. The posts will contain well-researched investment plans which can be executed by a novice. However, these are neither trading tips nor get-rich-fast schemes.



    We shall focus on positional calls ie, buy stocks at the lowest possible price, get delivery in your Demat account, wait for some time and sell those at the highest possible price. The holding period of an investment may vary from a couple of weeks to years. The investments will be tracked and reviewed frequently to keep tab of progress and keep it safe from adverse market conditions.

    I am not trying to sell my ideas nor promising a money-making plan. This is my honest and responsible endeavour to learn about investing. I have started trading/investing in Indian markets since 2006. But, the spark of investment in share market rooted my mind when I was in BE. However, I hadn’t  been systematic. With this blog, a journal of end-to-end investment cycle - from buying to selling, I promise myself to be thorough and disciplined. Is there any better way to keep a record of one's learning and share with family and friends than blogging...?


    Sharing my ideas makes be an effective learner. And, who knows I may get a lesson or two from my readers. Sharing is cool and bold at the same time. Let the fun begin!