Technical Portfolio Guide

MAHARASHTRA SCOOTERS LTD
        
CMP: Rs 2,075                                  
BSE Code:500266

I have bought shares of Maharashtra Scooters at Rs 2,400. Should I hold or exit?                           
- Konakanchi Murthy

EXIT MAHARASHTRA SCOOTERS AT CURRENT MARKET PRICE
Maharashtra Scooters Ltd is currently trading at Rs 2,075. Its 52-week high/low stand at Rs 4,948/Rs 1,827 made on November 11, 2019 and March 25, 2020 respectively. The stock had given a breakdown of upward sloping trendline support as on weekend of February 28, 2020 and thereafter; fell sharply up to its horizontal support line. Majorly, the stock is displaying a bearish trend as it is trading below its weekly pivot and short and long-term moving averages, that is, 20-week EMA, 50-week EMA, 100-week EMA, and 200-Week EMA. Among the momentum indicators, the 14-period weekly RSI, is currently quoting at 19.69 and it is in super bearish zone. The weekly and daily MACD stays bearish as it is trading below its signal line and zero line. The weekly MACD histogram is suggesting that a downside momentum is picking up. On the daily and weekly directional index, the bearish strength is higher than bullish strength as -DI is trading much above +DI. Considering all the above factors, we recommend you to exit Maharashtra Scooters at current market price.

PDS MULTINATIONAL FASHION LTD                   

CMP: Rs 279                     
BSE Code:538730

Please suggest what I should do with PDSMFL, which I bought at Rs 150 for longterm?             
- Gajanan Deshpande

BOOK PROFIT IN PDSMFL AT CURRENT MARKET PRICE PDS
Multinational Fashion Ltd is currently trading at Rs 279. Its 52-week high/low stand at Rs 416/Rs 233 made on March 4, 2020 and May 24, 2019 respectively. The stock had given a neckline breakdown of Adam & Adam double top pattern as on weekend of March 20, 2020, which suggests a correction before another northward journey. Along with this pattern breakdown, the stock has also managed to close below its weekly pivot and below its short and long-term moving averages, i.e. 20-week EMA, 50-week EMA and 100-week EMA level. The leading indicator, the 14-period weekly RSI, has also formed Adam & Adam double top pattern and recently, it has given neckline breakdown, which is also a bearish sign. The weekly stochastic oscillator is suggesting some bearish momentum as well, since per cent K is trading below per cent D. Moreover, it has also given a sell signal in Martin Pring’s long-term KST setup. Considering all the above factors, we recommend you to book profit in PDS Multinational Fashion at current market price.

HINDUSTAN UNILEVER LTD                       

CMP: Rs 2,179.25                                 
BSE Code:500696

I am holding Hindustan Unilever at Rs 1,200 for long-term. Should I hold or book profit? 
- Vijay Pande

HOLD HINDUSTAN UNILEVER WITH A STOP-LOSS OF RS 1,750 ON CLOSING BASIS
Hindustan Unilever Ltd is currently trading at Rs 2,179.25. Its 52-week high/low stand at Rs 2,324.45/Rs 1,649.70 made on April 01, 2020 and April 05, 2019 respectively. The stock had given a breakout of downward sloping trendline resistance as on weekend of May 5, 2017 and thereafter, marked the sequence of higher tops and higher bottoms. The major trend of the stock is bullish as it is trading above its weekly pivot and above its long and short-term moving averages, i.e. 20-week, 50-week, 100-week and 200-week EMAs and these moving averages are exactly in an ascending order, which suggests that the trend is strong. The 14-period RSI on the weekly chart is in a rising trajectory, which suggests bullish bias. The weekly stochastic has also given a positive crossover and the weekly MACD stays bullish, as it is trading above its zero line and signal line. Moreover, there has been a positive divergence between the weekly RSI, weekly stochastic and the stock price movement, which suggests a limited downside. Considering all the above factors, we recommend you to hold Hindustan Unilever with a stop-loss or Rs 1,750 on closing basis.

INDRAPRASTHA MEDICAL CORP. LTD
                   
CMP: Rs 33.95                   
BSE Code:532150

Shall I buy Indraprastha Medical Corp. at the current level?                                                                       
- Kishor Shelar

AVOID BUYING INDRAPRASTHA MEDICAL CORP. FOR NOW 
Indraprastha Medical Corp. Ltd is currently trading at Rs 33.95. Its 52-week high/low stand at Rs 52.40/Rs 27.45 made on February 9, 2020 and March 13, 2020 respectively. The stock had formed a reversal doji candlestick pattern as on weekend of December 11, 2015 and thereafter, marked the sequence of lower tops and lower bottoms. Currently, the major trend of the stock is bearish, as it is trading below its long and short-term moving averages, i.e. 20-week, 50-week, 100-week and 200-week EMAs. The leading indicator, 14-period weekly RSI, is currently quoting at 36.18 and it is trading below its nine-week average. The weekly MACD stays bearish as it is trading below its signal line and zero line. The weekly MACD histogram is suggesting that a downside momentum is picking up. Moreover, the stock is trading below the weekly bollinger band average line and ichimoku cloud. Considering all the above factors, we recommend you to avoid buying Indraprastha Medical Corp. for now.