STOCKS WATCHLIST FOR W23/2023
[MON, 05 JUN TO FRI 09 JUN 2023]
ANAND RATHI WEALTH LTD.
#ANANDRATHI
Good buying Force
Stock in Stage 2 Advancing phase
Breakout & re-test seems to be complete
Good Relative Strength
Consolidation near 10 Weekly MA with volumes thinning out
ANUPAM RASAYAN INDIA LTD.
#ANURAS
Very good buying force
Good volume build up
Stock in Stage 2 Advancing phase
Good Relative Strength
Breakout & re-test seems to be complete
Consolidation near 10 Weekly MA with volumes thinning out
BANK OF BARODA
#BANKBARODA
Very good buying force
Good volume build up
Stock in Stage 2 Advancing phase
Good Relative Strength
Entire sector is setting up well for next upmove
Nearing trendline breakout point
Consolidation near 10 Weekly MA with volumes thinning out
CAMLINE FINE SCIENCE
#CAMLINFINE
Very good buying force
Good volume build up
Stock in Stage 2 Advancing phase
Good Relative Strength
Consolidating near 10 Weekly MA & trendline
FERTILIZERS & CHEMICALS TRAVANCORE
#FACT
Very good buying force
Good volume build up
Stock in Stage 2 Advancing phase
Good Relative Strength
Consolidation near 10 Weekly MA with volumes thinning out
Seems primed up for the next leg of upmove
JINDAL STAINLESS
#JSL
Very good buying force
Good volume build up
Stock in Stage 2 Advancing phase
Good Relative Strength
Stock gave a good seller rejection last week
Very near to the trendline breakout point
Consolidation near 10 Weekly MA with volumes thinning out
KNOWLEDGE MARINE & ENGINEERING
#KMEW
Very good buying force
Stock in Stage 2 Advancing phase
Good Relative Strength
Stock gave a huge shakeout last week
Seems to have given a breakout 2 weeks back
Consolidation near 10 Weekly MA with volumes thinning out
LOKESH MACHINES
#LOKESHMACH
Very good buying force
Stock in Stage 2 Advancing phase
Good Relative Strength
Broke out of base 3 weeks back and re-tested the breakout point
Stock gave a big seller rejection last week
Consolidation near 10 Weekly MA
ORIENTAL HOTELS
#ORIENTHOT
Very good buying force
Stock in Stage 2 Advancing phase
Good Relative Strength
Broke out of base a few weeks back and has re-tested the breakout point with low volumes
Consolidation near 10 Weekly MA with volumes thinning out
Strong Sector Tailwinds
PITTI ENGINEERING
#PITTIENG
Very good prior buying force
Stock was in Stage 2 Advancing phase earlier, went into consolidation and now trying to break into a fresh Stage 2 again
Good Relative Strength
Very near to top of the base breakout point
Consolidation near 10 Weekly MA with volumes thinning out
Gave a good seller rejection last week with good volumes
PUNJAB & SIND BANK
#PSB
Very good buying force
Stock in Stage 2 Advancing phase
Good Relative Strength
Entire sector seems to be setting up for the next leg of upmove
Approaching the trendline for a breakout
Consolidation near 10 Weekly MA with volumes thinning out
Gave a good seller rejection last week with good volumes
RATEGAIN TRAVEL TECHN LTD
#RATEGAIN
Very good buying force
Stock trying to breakout into a fresh Stage 2 Advancing phase
Good Relative Strength
Breakout of base happened 3 weeks back and the breakout point seems to have been re-tested
Consolidation near 10 Weekly MA with volumes thinning out
Gave a good seller rejection last week
SURYA ROSHNI
#SURYAROSNI
Very good buying force
Stock is in a Stage 2 Advancing phase
Good Relative Strength
Got extended and came back to consolidate near 10 Weekly MA with volumes thinning out
Has formed a huge cup and may try to form the handle part in the coming weeks
UCO BANK
#UCOBANK
Very good buying force
Stock is in a Stage 2 Advancing phase
Good Relative Strength
Had a huge run-up, got extended and came back to consolidate near 10 Weekly MA with volumes thinning out
Entire sector seems to be setting up for the next leg of upmove
ZYDUS LIFESCIENCES
#ZYDUSLIFE
Good buying force
Stock is in a Stage 2 Advancing phase
Has come near the trendline breakout point and has been clinging to it since a few weeks. Once this breakout happens, it will be from a 2 year trendline.
Near 10 Weekly MA
NOTE
Hotel Stocks have been doing really well. Had published a report on the Hotel Stocks sometime back. You can read it here:
My past week’s Watchlist can be accessed here:
My latest study on leading & lagging sectors can be accessed here:
DISCLAIMER: The above is just a watchlist of stocks that I am tracking. This is published just for educational purposes. This is not an advice or a recommendation to trade in these or any other stocks.