Technical Portfolio Guide
GENESYS INTERNATIONAL CORP. LTD
CMP : Rs 26.40
BSE Code : 506109
I am planning to buy shares of Genesys International for a short-term. Please provide your views on the stock and suggest an entry price. - Harendra Rawat
AVOID BUYING GENESYS FOR NOW
Genesys International Corporation Ltd is currently trading at Rs 26.40. Its 52-week high/low stands at Rs 121.50/Rs 21.10 made on July 4, 2019 and March 30, 2020 respectively. The stock has formed a reversal dark cloud cover candlestick pattern as on the weekend of December 1, 2017 and thereafter, marked the sequence of lower tops and lower bottoms. Currently, the stock is trading below its 20-week EMA (40.30), 50-week EMA (63.55), 100-week EMA (96.25) and 200-week EMA (120.15), which indicates a medium and long-term downtrend. The daily chart shows that it has been continuously trading below its 200-day SMA level since April 2018. The leading indicator, 14-period weekly RSI, is in a super bearish zone and it has not able to cross 60 mark since December 2017. The weekly MACD stays bearish as it is trading below its zero line and signal line. Considering all the above factors, we recommend you to avoid buying Genesys International Corporation Ltd for now.
PFIZER LTD
CMP : Rs 4,183.30
BSE Code : 500680
Please suggest what should I do with PFIZER, which I bought at Rs 4,000 for the medium-term?
- Harendra Rawat
BOOK PROFIT IN PFIZER LTD AT THE CURRENT MARKET PRICE
Pfizer Ltd is currently trading at Rs 4,183.30. Its 52-week high/low stands at Rs 5,172.95/Rs 2,797.50 made on April 28, 2020 and August 23, 2019 respectively. The stock has formed a reversal bullish belt hold candlestick pattern as on the weekend of March 27, 2020 and thereafter, bounced sharply up to its all-time high level. Recently, the stock has formed a reversal three black crows like candlestick pattern on the weekly timeframe. Along with this bearish formation, the stock has also managed to close below its short and medium-term moving averages, i.e. 20-day EMA, 50-day EMA and 100-day EMA. Among the momentum indicators, the 14-period weekly RSI has cooled off after touching 70 zone and at present, its reading is 50.75. RSI is trading below its nine-week average and it is in falling mode, which indicates a further downside momentum. The daily MACD stays bearish as it is trading below its zero line and signal line. Moreover, there has been a negative divergence between the weekly RSI and the stock price movement, which suggests limited upside. Considering all the above factors, we recommend you to book profit in Pfizer Ltd at the current market price.
ALKYL AMINES CHEMICALS LTD
CMP: Rs 2,060.00
BSE Code: 506767
I am holding Alkyl Amines at Rs 1300 for long-term. Should I hold or book profit?
- Manish Rotkar
HOLD ALKYLAMINE WITH A STOP-LOSS OF RS 1,660 ON CLOSING BASIS
Alkyl Amines Chemicals Ltd is currently trading at Rs 2,060. Its 52-week high/low stands at Rs 2,099.50/Rs 660 made on May 28, 2020 and August 02, 2019 respectively. The stock has formed a reversal bullish squeeze alert like candlestick pattern as on the weekend of April 3, 2020 and thereafter, bounced sharply up to its all-time high level. As the stock is trading near its all-time high level, it is above all the short and long-term moving averages. The stock is meeting Mark Minervini’s trend template. It is trading above 40, 30 and 10 weekly averages and all of them are trending up. At the same time, they are in a desired sequence. The leading indicator, weekly RSI is in a super bullish zone and the MACD also stays bullish as it is trading above its zero line and signal line. Moreover, the weekly ADX is very strong at the level of 44. The -DI is much below +DI and ADX is above -DI and +DI. This shows a technical strength in the stock. Considering all the above factors, we recommend you to hold Alkyl Amines Chemicals with a stop-loss of Rs 1,660 on closing basis.
ABB INDIA LTD
CMP : Rs 739.55
BSE Code : 500002
I am holding the shares of ABB India Ltd bought at Rs 920. I expected it to bounce back but it fell more. What should I do?
- Suhas Pawar
EXIT IN ABB INDIA AT THE CURRENT MARKET PRICE
ABB India Ltd is currently trading at Rs 739.55. Its 52-week high/low stands at Rs 1,467.05/Rs 772.45 made on July 5, 2019 and May 27, 2020 respectively. The stock has given an upward sloping trendline support breakdown as on the weekend of December 20, 2019 and thereafter, fell sharply up to its 52-week low level. 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. The leading indicator, 14-period weekly RSI, is currently quoting at 24.16 and is in a super bearish zone. The weekly MACD stays bearish as it is trading below its zero line and signal line. The fast stochastic is also trading below its slow stochastic line. Moreover, on the directional index, the bearish strength is higher than the bullish strength as +DI is much below -DI. Considering all the above factors, we recommend you to exit in ABB India Ltd at the current market price.