In our last post we mentioned as to how India was now diverging with global indices and time to lookout for reversal signals.It just took 3 sessions post the announcement.
Now that Index has done well its time to keep looking out for stock specific trends.
In todays post we look at a few stocks which are consolidating for quite some time now.
They may remain in the range for a long time, quickly breakout or do nothing but are kept on radar as long consolidations tend to give strong moves.
Camlin Fine – A good consolidation for a year. Clos above 65-68 could be interesting.
Cosmo Films – Far from a breakout for now but on radar.
Sudarshan Chemicals – Strong volume action in last few days makes it interesting.
Thangamayil Jewellery – Not a very liquid stock but fundamentally very well placed and interesting. Strong Profit growth over the last few years.
Time to watchout for a volume action and price going above 360.
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