Technical Portfolio Guide
PHILLIPS CARBON BLACK LTD
CMP: Rs173.45
BSE Code: 506590
I have bought the shares of Philips Carbon at Rs 102 for the long-term. Can I book a profit at the current market price?
- Rohit Kumar
HOLD PHILIPCARB WITH A STOP-LOSS OF RS 155 ON A CLOSING BASIS
Philips Carbon Black Ltd is currently trading at Rs 173.45. Its 52-week high/low stands at Rs 178.15/Rs 54.20 made on December 02, 2020, and March 24, 2020, respectively. The stock has formed a Doji candlestick pattern as of March 27, 2020, and thereafter, marked the sequence of higher tops & higher bottoms. As the stock is trading near its 52-week high level, all the moving averages based trade set-ups are showing a bullish strength in the stock. Daryl Guppy’s multiple moving averages is suggesting a bullish strength in the stock. The leading indicator i.e. the 14-period weekly RSI is in a rising trajectory and it is trading above the 60 mark since September 2020. The MACD stays bullish as it is trading above its zero line and signal line. Further, the trend strength indicator i.e. the average directional index (ADX), is at 37.62, which indicates strength. Besides, the +DI is much above the -DI. This structure is indicative of the bullish strength in the stock. Hence, we recommend you to hold Philips Carbon Black with a stop-loss of Rs 155 on a closing basis
CSB BANK LTD
CMP: Rs224.65
BSE Code: 542867
I am holding CSB Bank at Rs 220, bought for the short-term. Should I hold or book profit?
- Prakash Chandra Agrawal
BOOK PROFIT IN CSB BANK AT THE CURRENT MARKET PRICE
CSB Bank Ltd is currently trading at Rs 224.65. Its 52-week high/low stands at Rs 314.20/Rs 95 made on December 05, 2019, and March 25, 2020, respectively. The stock has formed a spinning top candlestick pattern as of November 09, 2020, and thereafter, witnessed a correction. Along with this bearish formation, the stock has also managed to close below its weekly pivot and short-term moving averages, i.e. the 13-day EMA and 20-day EMA level. Among the momentum indicators, the 14-period daily RSI has cooled off after touching the zone of 77-78 and at present, its reading is 35.77. The RSI is trading below its 9-day average and it is in a falling mode, which indicates further downside momentum. Further, the RSI has given an upward sloping trendline breakdown, which is also a bearish sign. The daily MACD stays bearish as it is trading below its zero line for the last eight trading sessions. Considering all the above factors, we recommend you to book a profit in CSB Bank at the current market price.
INTENSE TECHNOLOGIES LTD
CMP: Rs33.75
BSE Code:532326
Intense Technologies looks promising in the long-term. Can I enter at the current market price?
- Ashwin Desai
AVOID BUYING INTENSE TECHNOLOGIES FOR NOW
Intense Technologies Ltd is currently trading at Rs 33.75. Its 52-week high/low stands at Rs 52.65/Rs 9.95 made on August 21, 2020, and March 25, 2020, respectively. The stock has marked an all-time high of Rs 182 as on the weekend of March 24, 2017, and thereafter, marked the sequence of lower tops & lower bottoms. Considering the daily timeframe, the stock has given a neckline breakdown of Adam & Adam double top pattern as of August 28, 2020, and thereafter, witnessed a fall. However, since the last nine weeks, the stock is oscillating in the range with a low volume. The stock is trading below its 100-week EMA level. The leading indicator i.e. the 14-period weekly RSI is currently quoting at 52.71. The weekly MACD stays bearish as it is trading below its zero line and signal line. The low volume and indicators are tilted southward, which indicates a lack of momentum for now. Hence, we recommend you to avoid buying Intense Technologies for now.
BAJAJ CONSUMER CARE LTD
CMP:Rs198.30
BSE Code:533229
Can I hold Bajaj Consumer which I have bought at Rs 144 for the medium-term?
- Raji Reddy
HOLD BAJAJCON WITH A STOP-LOSS OF RS 190 ON A CLOSING BASIS
Bajaj Consumer Care Ltd is currently trading at Rs 198.30. Its 52-week high/low stands atRs 247.85/Rs 117.50 made on January 02, 2020, and March 25, 2020, respectively. The major trend of the stock is bullish as it has marked the sequence of higher tops & higher bottoms from the low of Rs 116.55. Recently, the stock has given an ascending triangle pattern breakout along with robust volume, which suggests a further bullish momentum. The major trend of the stock is bullish as it is trading above its short and long-term moving averages. The leading indicator i.e. the 14-period weekly RSI is above the 60 mark and it is in a rising mode. The weekly stochastic suggests a bullish momentum as the fast stochastic is trading above its slow stochastic. The daily MACD is above the zero line and signal line. The MACD histogram suggests bullish momentum. And most importantly, the MACD line has crossed the prior swing highs. Considering all the above factors, we recommend you to hold Bajaj Consumer Care with a stop-loss of Rs 190 on a closing basis.