One of the important things to look into midcaps/smallcaps is the change in volumes with prices.
The above chart is an example of how a smarter entry can be initiated purely on volumes.
On 20-12-2013 we saw a good volume tick on this counter
This is the message sent to clients.
IM Dec 20, 2013 11:24:09 AM
nooresh merani: Buy hEXAWARE at 125-126 stoploss 122 targets 133-135
nooresh.merani: Buy Transport Corporation at 65-65.5 add around 61-62 with a stoploss of 58 for a delivery target of 75-85
We could not add on dips as it did not correct. The strategy to add on dips is as midcap stocks tend to be a bit more volatile and sometimes give you opportunities to add. So generally we take a major position at cmp and if at all it dips increase further.
Today the stock is up 10-12% and with very large volumes.
Although the stock can go further but we are happy with a quick 15-18% move in 10 days. Booking out at 75-76.
nooresh merani (30-12-2013 12:08:16 PM): Book full profit TCI at 75-76
We continue to be focussed on a lot of midcaps/smallcaps in the last few weeks. Will post some more trades advised in coming days.
Meanwhile last friday Everest Inds recommended jumped up 15%
TECHNICAL ANALYSIS TRAINING MUMBAI – January 11-12
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