Very rarely you find a stock making a perfect setup for trading like this one. KS OIL seems to be hanging in tight range for sometime now and stock is ready to start journey for another high.
Sona koyo with 52 week high at 18.15 is channeling very tight for 30 days now. A classic accumulation distribution case , stock consolidated for a while , watch carefully for brekout and next target at 22 Rs. Auto stocks are doing good in general on back of strong performance.
Traders with medium/short-term perspective can consider investing in the stock of India Cements.The company is the largest producer of cement in South India and it has a market share of 28 per cent in the South.
The stock's medium-term downtrend that commenced from the June peak
of Rs 180 halted at the key support band between Rs 95 and Rs 100 in
late October. This support was tested again in November after which the
stock bounced up.
The daily relative strength index (RSI) is setting bullish tone. I think the stock can rally upward until it
hits 150 range.
Hero Honda is trading at 1740, berachng previous high of 1735 made in July , stock is ready to go higher , and hit 1810 within 1 month ,