VST Tillers

After rounding bottom formation, VST Tillers reversed its previous trend. Its trend was up once 400-425 rs level was crossed. Later on it was facing resistance @ 500-525 band from its previous trend line. After these resistances were overcome it had only one way i.e. up. 14 Week RSI is in overbought territory and is staying there which is very bullish sign. It can be expected that it will move shortly in four digit figure. 

Disclaimer : My family owns 300 shares of it which were bought @ 425 six months back. There is a natural bias for me to expect the share price to go up.

ARIES Agro - Trend Reversal

After three and half year long downtrend, chart has turned into positive trend. The trend reversal have come on huge volume and after testing previous down trend line, share price have resumed its new found trend. It is coming on after co posted very good results. MACD which was below Zero line for last three and half years but was showing good positive divergence have turned positive and is above zero level. At present share price is facing resistance @ 60-62 Rs band. Once above this level, it will resume its trend. 

Disclaimer : My family owns 10,500 shares which were bought @ 48 three or four weeks back. It is natural bias for me that its share price will move up. I expect 80-90 Rs level soon if things work out well. 

Vimta Lab- Multi bagger

Stock is likely to make new high after consolidation for twelve weeks. It is already at multi year high and does not face major resistance before triple digit figure. RSI is in bullish territory and is not dropping below 60 even in correction which is a very bullish sign. Dropping of RSI below that trend line will be early sign of weakness but till that time party is continuing. It looks like a good buy with a target of 100-120 from 12 months perspective. 

Disclaimer : My family holds 15,000 stocks @ 30 which were bought six months back. It is likely to be held for a target of 100-120 if things works out well. 

Lloyd Electric - Break Out

Interesting chart on display for lloyd Electric and lloyd engeering. it is combination of two patterns. First pattern is Head & Shoulder pattern with neck line as indicated. Shoulders are placed @ 36.6 and 32.1 with Head @ 24.5. The breakout from neckline is on huge volume. After breakout it tested neckline and resumed its new found trend. Besides triangle pattern is also visible with support at three points already indicated. Upper target looks like to be 74.2 for the scrip. Incidentally breakout has happened on very good results.

Disclaimer : I have bought 10,500 shares @ 33-36 Rs band 4-5 weeks back. I have a bias for the scrip to go up. I will like to book profit at my target price if things work out well.