In announcing the Gems , we have tried to create a balanced portfolio of stable and aggressive stocks.
Kotak could be just at the bottom while Seamec and Jocil may come out of range play.
Gujarat Pipavav for post-pandemic economic revival and Power Finance Corporation in Power Sector
Keep hooked for the next release next week
Kotak Mahindra Bank Ltd
Weekly Chart CMP 1723.00
If you notice, It is has bottomed.
A Weekly Open tomorrow above 1750 is not time to keep watching.
The stock did a Lower Low 1694.15 on 23July20 versus earlier Lower Low 1698.45 of 30 June and closed above the previous day’s high candle indicating markets support at those levels of 1694-1698.
In the medium term, touching 1999 is a swift possibility, and they’re on to 2428 by Oct21 where it will be time to decide if compounding for the long term can be done.
Daily Chart CMP 501.10
We may see Buy 490-500 range.
Immediate Rise Levels
537 / 590 / 623 over the next 1-2 months
In intraday, the Buy was triggered on 23July21 above 480 as per Nimblr Process.
It may further lead to Range Breakout too.
Power Finance Corporation Limited
Monthly Chart CMP 128.45
Stock Retested April High 118.95 and is now geared to touch 160 by Aug-Sept21 and thereafter review for higher targets.
Short Term Positional Traders SL 117.00
Long Term outlook may change dramatically in favor in the near term for the stock.
Gujarat Pipavav Port Ltd
Monthly Chart CMP 106.15
It is Investment time in this stock.
Best Buy 100-103 range
Short Run up till 148 3-4 month.
It’s a Strategic Port that would gain immensely in the economic revival next 1-2 years if the end of pandemic is nearing.
Monthly Chart CMP 233.30You can Expect 350 next 2-3 months.