Large Cap Pharma stocks have been a complete disappointment but few niche Pharma names have done well. IPCA Labs and Divis Labs broke out in 2018 and I covered them back then. Here are three Pharma stocks positioned for Bullish moves over next 6 to 18 months
Four NBFCs making Bullish moves
NBFCs acquired a negative image that every investor started avoiding it with a barge pole but here are four NBFCs scripting bullish path for themselves
Bullish Investment Themes in 2019
Here are the following investment themes that have broken out and seem to be exhibiting strong Bullish behavior:
Turnaround Momentum in the making
When a stock breaches a moving average line of resistance, then it creates a possibility of a durable turnaround and hopefully an explosive momentum move. I have explained this in the Science of Stock Price Action Turnaround Chapter of what happens when a stock after stalling at MA Line of resistance breaks out.
Why I like these two breakout plays at current market prices?
There are two reasons I like these two breakouts:
The Bullish theme of 2019: Gas Based stocks
I love when stocks of the same sector break resistance and start making new highs. Gas-based stocks have been doing so in last few weeks and I have covered them as they continue to do so.
RITES is ready for a ride
Breakout is a signal that a new ride is about to start which can last for quite some time. Never make a mistake of booking quick profits even if you had a bad experience in the past. The whole idea is to pick an idea and ride for large gains. Big money cannot be made by booking 20% profits.
Why I am extremely worried about these three stocks?
When a stock breaks down below a Line of Support, then it attracts fresh Selling. Most of the times they turn out to be big Value traps. There is no guarantee that they might decline big time. They can turn sideways too. But as a general rule:
One should never buy a stock that breaks down in name of Value
State Bank of India – Chaos in a Box
PSU Banks have really struggled over the last 10 years. Even a large bank like State Bank of India has not been able to avoid chaos.
Nobody likes ITC – Should one buy?
There is nothing more appealing than buying an out of favor stock. It sounds intellectually cool. Let us look at ITC stock chart
How HDFC offered Opportunities over the last 5 years
The stocks offer lots of opportunities on a regular basis but it is always upon us how we view and trade them.
Can this stock perform like Bharti?
Bharti Airtel during the last twelve months has surprised everyone with 50% move. Can this stock which has formed a similar pattern do the same?