Friday, July 14, 2017

Winning Strokes: Think Different
Mandhana Industries Ltd hit another buyer freeze in both the exchanges and it closed at Rs.14.21 in the BSE. Congratulations to all those who bought the scrip reading this blog.

Reliance Defence and Engineering Ltd today clocked a huge volume of more than 38 lakh shares and closed at Rs.61.10, marginally down from its previous closing price. Also, the percentage of  Deliverable Quantity to Traded Quantity was whooping ~50%, which means large scale accumulation is going on in the counter as the shares are changing ownerships. The stock is currently placed above its 50D, 100D, 150D and 200D SMAs and EMAs, which itself is a bullish indicator. I have mentioned earlier that this stock will make fresh 52-week high in the coming days; so remain invested.

Unitech Ltd further tanked to Rs.7 today after profit booking was suggested in the counter some days back at around Rs.8.50-8.70. It is expected to slide down further and come near Rs.6. It rose suddenly because a Gujarat based operator named Arvind Bajaj, who has a large fan following in that "Brothel" called MMB gave a buy on the scrip.

I have another scrip like Mandhana Industries Ltd which could give good returns in the short term. Those who are interested to know the name of the scrip should deposit a cheque of Rs.10,000 in my bank account. You can contact me at: suman2005s@rediffmail.com.


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