doobyanil said:
Hello Karthik,
Could you please provide your evaluation on INDIA GLYCOLS, ALFA LAVAL, RAMCO SYS, VIJAYA BANK and REL ENERGY at the current levels.
Thanks
anil
Hi Anil
My views are as follows
India glycol
The chart shows bullishness coming in with the +DI rising. Volume is coming in the last two days. Just crossed the 13 Day Ma. It has made a higher pivot low. Then this may easily see 220, which will provide resistance. If you are an absolute safe investor wait it crosses 197. Keep stoploss of 182. 176 is a must stop J
Ramco systems
It is in a bearish phase. Fast approaching year low. Stay away from this one for the time being.
Alfa laval.
This was going through a bearish face. Last two sessions saw some bullishness coming in. May be just because it is just coming out of the oversold region. So may see some short term rise. No clear trend is seen. Wait for some clear signs of up trend. For the time being stay away.
Vijaya Bank
Seemed to start an upward movement. Then started moving sideways. No clarity. Keep away till we see some clarity.
Reliance energy
This has been moving sideways for the last couple of months. CMP 568. If it crosses 580 then it would be stating an intermediate uptrend. I also not clear about the effect of the demerger plans of reliance on the associated stocks. I feel it may be better for small investors to stand aside till some clarity comes.
Hope this helps
regards
Karthik