STOCKS WATCHLIST FOR W24/2023
[MON, 12 JUN TO FRI 16 JUN 2023]
ADITYA BIRLA CAPITAL
#ABCAPITAL
Good buying Force
Stock in Stage 2 Advancing phase
Breakout & re-test seems to be complete from recent base
Good Relative Strength
Good volume build up
Very strong close last week with big seller rejection
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
CANARA BANK
#CANBK
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
EMUDHRA LTD.
#EMUDHRA
Very good buying force
Good volume build up
Stock just entering early Stage 2 Advancing phase
Good Relative Strength
Break-out & re-test of base seems to be done
Big seller rejection last week
Near ATH
IMAGICAAWORLD ENT
#IMAGICAA
Very good buying force
Good volume build up
Stock in Stage 2 Advancing phase
Good Relative Strength
Coming to the end of a Triangle consolidation
Near 10 Weekly MA with volumes thinning out
Positive only if it breaks out on the upside. Breakdown can be very negative.
INDIAMART INTERMESH
#INDIAMART
Very good buying force
Stock in early Stage 2 Advancing phase
Good Relative Strength
Approaching a long term sloping trendline for a possible breakout
Consolidation near 10 Weekly MA with volumes thinning out
Nice rounding bottom formation
KUANTUM PAPERS
#KUANTUM
Very good buying force
Stock in Stage 2 Advancing phase
Good Relative Strength
Good previous volume build up
Consolidation near 10 Weekly MA with volumes thinning out
Seems to have formed a Cup and may try to form the Handle part of it by moving upwards
MOLD-TEK TECHNOLOGIES
#MOLDTECH
Very good buying force
Stock in a solid Stage 2 Advancing phase
Good Relative Strength
Cam back to test the 10 Weekly MA last week and then gave a solid seller rejection. Has also been respecting the 10 Weekly since a long time
Last week’s down move was on reduced volumes
Near ATH
MTAR TECHNOLOGIES
#MTARTECH
Very good buying force
Stock in Stage 2 Advancing phase
Good Relative Strength
Very good volume build up
Consolidation near 10 Weekly MA
Price in narrow range with high volumes may indicate stock changing big hands
PRICOL LTD
#PRICOLLTD
Very good buying force
Stock in Stage 2 Advancing phase
Good Relative Strength
Gave a good seller rejection last week with good volumes and closed in the upper half of the weekly candle
Near ATH
ROYAL ORCHID HOTEL
#ROHLTD
Very good buying force
Stock in a Stage 2 Advancing phase
Good Relative Strength
Breakout of base happened a few weeks back
Re-tested the 10 Weekly MA after a strong upmove
Has been giving seller rejections since the last 2 weeks
SUPREME INDUSTRIES
#SUPREMEIND
Very good buying force
Stock is in a Stage 2 Advancing phase
Good Relative Strength
Broke out of a Cup & Handle
Consolidating near 10 Weekly MA with narrow range & lower volumes
Near ATH
UCO BANK
#UCOBANK
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
UNION BANK OF INDIA
#UNIONBANK
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
OTHER GOOD STUFF
My past Watchlists can be accessed here:
Just published an interesting study of Rating Agencies which seem to have given a multi-year breakout:
Hotel Stocks have been doing really well. Had published a report on the Hotel Stocks sometime back. You can read it 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. All information provided here is for educational purposes only and does not constitute any investment advice or recommendation. Please do your own due diligence. Products mentioned are not recommendations. The author has no incentive, financial or otherwise, to write about any particular Stock / AMC / ETF. All data taken is the latest to the best of the author’s knowledge. This is published just for educational purposes. This is not an advice or a recommendation to trade in these or any other stocks.