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Stock of Day | Portfolio Yoga - Part 8

Tag: Stock of Day

Stock of the Day – Financial Technologies

Financial Technologies, a stock which was a favorite of investors has long lost its appeal among investors with the stock long before the National Spot Exchange drama unfolded. But with there being talk of restructuring of both FT and MCX being in the news, the stock has catapulted in recent days with the stock showing a gain of 77% in this month alone.

While the rise appears astronomical, when one looks at the longer term charts, the move is nowhere as spectacular with there being a lot of area to cover.

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Stock of the Day – West Coast Paper

On a dull day, West Coast Paper mills took off as a sprinter would do on the athletic field gaining the maximum 20% allowed for the day. On the daily charts, we can see that the stock has moved above the 200 day EMA with today’s move which was accompanied by huge delivery volumes as well.

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While on the surface it appears to be a strong breakout, one needs to be wary due to the multiple number of resistances it has to cross before it reaches un-chartered territory. In fact, the stock is available even after accounting for today’s rise at the same price as it was available in Mid 2006, talk about value destruction that the stock has seen for a long term Buy & Hope investor [ assuming that he did not turn a trader who sold high and bought it back low as many investors claim to do 🙂 ] 

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Stock of the Day – Tata Power

Tata Power which is part of the CNX Energy index has not been having the best of times. The stock declined by around 17% in the year 2013 even as CNX Energy index more or less closed flat. 2014 has started off extremely bad for the stock with it losing 17% within the first 7 days of this year.

In December, the stock had broken above the Top Horizontal Line of the Ascending Triangle formation. Unfortunately the stock could never take off and with today break of the trend-line, the whole pattern stands invalidated. 

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Stock of the day – Den Networks

After a stupendous move in 2012, 2013 was a year of dissapointment for Den Networks as it after starting off great then proceeded to retrace to 50% of the move seen in 2012. The stock seems to have started 2014 on a bright note. 

Of course, no moves happen without some good news hitting the waves. Here is the link for the interview with the CMD of Den Networks

http://www.moneycontrol.com/news/business/eyeing-100-mbps-speed-for-broadband-launch-den_1019476.html

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Stock of the day – GATI

While Index has been more or less flat during the last couple of months, the stocks of several mid and small cap have been on a strong bullish trend, something many of them had not seen in the last couple of years.

Gati which belongs to the Logistics sector is one of such stocks. The stock has sharply appreciated in the last few weeks and today the news is that ace investor Radhakishan Damani has picked up a sizable quantity. The stock is now looking at a pretty strong resistance range and a break above can change the fortunes of the stock dramatically over the next few months.

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Stock of the Day – Bombay Rayon

For a company that has been under duress due to debt and has been referred to CDR, the stock has given ample opportunities for exists. Today’s fall means that the price is now nearing the major support of 140 below which 80 is the supporter of the last resort.

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Stock of the day – Ramco Systems

When people don’t change, you have to remove them: Ramco Systems CEO

http://articles.timesofindia.indiatimes.com/2013-12-06/software-services/44862941_1_hcl-technologies-senior-executives-revenue

Chart suggests changes maybe working as the stock breaks multi year highs. The all time high of the stock registered during the IT boom of 2000 is a very long way away though.

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