Technical Portfolio Guide

DILIP BUILDCON LTD.

CMP: Rs584.20
BSE Code:540047

I’m holding 250 shares of Dilip Buildcon at an average price of Rs 410. Do technical param-eters indicate more upside from the current level or should I book profits at the current level?
- Yatin Goel

KEEP TRAILING STOP-LOSS OF RS 534
The stock is forming a flat base and trying to break for the last two days. The current base is looking like a double bottom with a slight positive divergence in the leading indicator. It closed above the 50-DMA on Tuesday and sustaining above it for the last four days. The higher and above-average volume on Tuesday shows a buying interest in the stock. The current base is exactly at 50 per cent retracement level of the prior uptrend. The MACD has given a fresh buy signal. The RSI, which is above the base area and level 50, shows the possibility of an uptrend. The +DMI is just above the -DMA as well as the ADX. The Elder impulse system has given a buy signal while Pring's KST is about to give a buy signal. In a nutshell, the stock is forming a base, and any breakout will be positive for the stock. You need not to worry about your current position as long as it trades above the flat base support of Rs 534. You can keep a stop-loss at Rs 534 and continue the position. Otherwise, if your position size is bigger, you have a chance to take a partial profit, as the stock is up by over 47 per cent from your buy price. 

PFIZER LTD

CMP: Rs5,219.30
BSE Code:500680 

What’s your technical perspective on Pfizer from a short to medium-term?
- Chandrakant Mehta

ACCUMULATE THIS STOCK ABOVE RS 5,450
The stock is looking very bullish technically on the chart. It is trading near its lifetime highs and above the prior swing high. It formed a 23-week cup formation, with a 26.6 per cent depth. For the past two weeks, it's registering above average volumes. As it is trading, the stock is above all the short and long-term averages. The relative price strength (RS) has also improved to above 50 levels. On the weekly chart, the MACD gave a buy signal last week. RSI is near 70 and showing and above the prior swing high. In fact, it broke out of a double bottom three weeks ago. The directional indicators are showing a bullish strength in the trend while the ADX (28.93) is showing the trend strength. The +DMI is much above the -DMI and near the prior swing high. The Elder impulse system is showing bullishness for the past three weeks. Pring's KST is about to give a buy signal on the weekly chart. In the chart, the stock looks very bullish on the short and long-term charts. Accumulate this stock above Rs 5,450 with a stop-loss of Rs 5,130. The short-term target is at Rs 5,840, and the medium to long-term target is at Rs 6,770. 

TTK PRESTIGE LTD.

CMP:Rs7,504.60
BSE Code:517506 

I’ve bought 20 shares of TTK Prestige at Rs 7,450. What should be my stop-loss?
- Ashish Sehgal

KEEP STOP-LOSS OF RS 7,100
After breaking out of an inverted head & shoulders pattern during the first week of February,the stock moved sharply from Rs 6,485 to Rs 8,080 in just four weeks. Currently, the stock is consolidating for the last seven weeks. This tight seven-week flat base has a depth of over 12 per cent. On the daily chart, it is forming a cup formation and sustaining above the 20-DMA. The contracting Bollinger Bands are suggesting that another leg of a big move is possible. The MACD is above the zero lines and slightly above the signal line. The RSI is in a bullish zone while the ADX shows strength in the trend. The +DMI is above the -DMI and the ADX. The Elder impulse system is showing a neutral stance on the stock. On the daily chart, Pring's KST is about to give a buy signal. Its relative price strength is at 67 and shows an improvement. In short, the stock is consolidating for now. As your buy price is just in the flat base area, it is better to stop loss at the base support of Rs 7,100. In any case, if it breaks above Rs 7,750, the new upmove will begin with a target of Rs 9,000 and above.

GODREJ AGROVET LTD.

CMP: Rs 494.20
BSE Code:540743

I’m holding 150 shares of Godrej Agrovet, bought at the level of Rs 530. Should I average at the current levels or exit?
- B.V. Shrinivasprasad

KEEP STOP-LOSS OF RS 475
The stock is trading near the support. For the last 18 weeks, the stock is forming lower highs. It is also trading below the short and medium-term averages. The volumes are declining and are much below the average. The relative price strength (RS) is very poor at 30. The MACD line drifted below the zero lines on the weekly chart, and the histogram is showing an increasing bearish momentum. The RSI is below 50 zones and below the 9-period average. The directional indicators are not showing any strength, and they at a confluence point. The -DMI is moving higher, which is an indication of a weaker strength. The Elder impulse system gave a sell signal four weeks ago, and Pring's KST has given a fresh sell signal this week. The stock is below the 20-week average while the average is trending down. It is also below the long-term average of 200-DMA and 50-DMA. As the 50-DMA moved below the 200-DMA, there is a death cross in the stock, and technically, it is a long-term bearish sign. In short, keep a stop-loss at Rs 475.