Stock recommendations (equity)

Buy Canara bank at CMP- 214 and add on dips to 208 for possible Target- 245 / 260 with stop below 204 on daily closing basis. (1-2 months)

How to interpret/place the exact price for stoploss?

In case of Canarabank, stoploss is recommeded below 204 of closing basis..

1)Would u wait for two or more days for a close below 204 ?
or a day's close below 204?

1a) Suppose if u are to wait for two or three days close consecutively below recommended sl level. in which case.. if price drastically falls , say to 190.. then would you advise to wait for small back to happen and then exit or exit at whatever price may be during the course of the day?

2)suppose if it closes around 201- 203 levels on a particular day.. would you exit on next day opening, even if the stock trades above the stop loss price of 204 in the next day?

3) Another question, if after hitting sl, and on a particualar days close.. and price closes above the sl level on next day.. is it advisable to enter the trade again with the same levels.. as mentioned by you?

please clarify..

All targets achieved today
14.28% returns :thumb:

Short Term Pick: Buy J.B. Chemical

Buy JB Chemical at CMP- 134.85 and add on dips to 130 for possible Target- 154/ 165 with stop below 125 on daily closing basis.

First target hit. Booked half profits :thumb:

Hi,
Some days back bought and buy suggest BEML Ltd. at CMP- 203 today made high of 278.80

37.33% returns in just 15 days.

Regards,
Yagnesh Patel
Research Analyst (Technical)

http://www.traderji.com/position-trading/65737-stock-recommendations-equity-41.html#post934554



RENUKA is forming similar pattern like LT. LT too witnessed series of narrow range days before starting its mega upmove.

Buy it, for it will remain in sky rocketing upmove from now on.

I think that all the agriculture based scrips will see good upmove in next 12 months time. What's your take on that ?

Yes, CHAMBAL, RCF should move up and many other mid-cap stocks which should have move higher by now will catch up in April 2014 like VIJAYABANK, DENABANK, ANDHRABANK.

@yagneshbhai
any update on jbchemicals ?