Category: MarketSmith India Stories

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Is Berger Paints A Long Term Leader A Good Buy Now ??

Berger Paints stock has cleared a 18-week, 18% deep Consolidation Base this week. Currently, the stock is trading around just -2% away from its ideal buy price of INR 823. The stock is offering investors an opportunity to get on board at the current price.

The stock ended the week on a bullish note. It closed 1.45% up on a 159% greater volume than the 10-week average. You want to see a strong close on heavy volume like this before initiating a position. That signals institutional buying. You would also want to see the same price volume momentum to continue in the coming weeks.

The key trend lines, 10 and 40-week moving averages are at a comfortable position. The current trends of both the averages are upward and the 10-week moving average is trending above the 40-week moving average. The current price of the stock is trading around 7.26% away from the 10-week moving average.

In the last twelve months, Berger Paints I has rallied nearly 62.3% as compared to 60.8% for the Nifty500. It has a Relative Strength Rating of51. We definitely would like to see improvement in the rating. At this point we are taking a step back and focusing on the RS Line.

The Relative Strength Line of the stock is offering a lot of encouragement to investors. It has been making good progress in the last four weeks. The overall long term trend of the line is also trending upward. If Berger Paints I can maintain this outperformance, it could make sense as a CANSLIM trade.

Berger Paints I stock has strong institutional support. The Accumulation/Distribution Rating of ‘A-‘ represents heavy institutional buying over the past few weeks. Although the number of institutions holding the stock dropped in the last quarter, the number of shares held by the institutions increased at the same time.

On the earnings front, Berger Paints I has an excellent EPS Rank of 94, which indicates consistency in earnings. The earnings and sales for the stock have grown by 12% and 5%, respectively over the past three years. Its 3-years earnings stability is 5, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 14% and 10%, respectively. The 5-years earnings stability is 14. The return on equity for the last reported year is 24%.

The stock belongs to the industry group of Chemicals-Paints. You would still want to see some improvement in the industry group rank for the group. The current industry group rank is 68. The current price of Berger Paints is -4% off from its 52-week high price and 77% above its 52-week low price.

The stock appears on our idea lists: Trend Template – 5 Months

Recent Article:

Garware Technical: A Long Term Leader of Apparel Cloth Mfg. Forming Higher Highs

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Garware Technical: A Long Term Leader of Apparel Cloth Mfg. Forming Higher Highs

Garware Technical Fibres stock has broken out of a 9-week, 18% deep Cup With Handle Base 3-weeks ago. However, the stock is still worth watching as the current price is only 6% away from the ideal buy price of INR 2735.

The stock ended the week on a negative note. It closed -1.07% down on a 33% higher volume than the 10-week average. You want to see a strong close on heavy volume before initiating a position. That signals institutional buying. But do not conclude anything just based on this week’s action. A prudent approach would be to watch the price volume momentum in the coming trading sessions.

The key trend lines, 10 and 40-week moving averages are at a comfortable position. The current trends of both the averages are upward and the 10-week moving average is trending above the 40-week moving average. The current price of the stock is trading around 7.15 % away from the 10-week moving average.

In the last twelve months, Garware Technical Fibres has rallied nearly 96.8% as compared to 60.8% for the Nifty500. It has a Relative Strength Rating of 57. We definitely would like to see improvement in the rating. At this point we are taking a step back and focusing on the RS Line.

The Relative Strength Line of the stock is offering a lot of encouragement to investors. It has been making good progress in the last four weeks. The overall long term trend of the line is also trending upward. If Garware Technical Fibres can maintain this outperformance, it could make sense as a CANSLIM trade.

Garware Technical Fibres stock has strong institutional support. The Accumulation/Distribution Rating of ‘B+’ represents heavy institutional buying over the past few weeks. Although the shares held by institutions dropped in the last quarter, the number of institutions holding the stock increased at the same time. This shows increasing interest among the institutions.

On the earnings front, Garware Tech. Fibres has an excellent EPS Rank of 89, which indicates consistency in earnings. The earnings and sales for the stock have grown by 12% and 1%, respectively over the past three years. Its 3-years earnings stability is 6, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 19% and 5%, respectively. The 5-years earnings stability is 8. The return on equity for the last reported year is 20%.

The stock belongs to the industry group of Apparel-Clothing Mfg, which is exhibiting a fair amount of strength in the current market environment. The current industry group rank is 42. The current price of Garware Technical Fibres is -2% off from its 52-week high price and 123% above its 52-week low price.

The stock appears on our idea lists: Trend Template – 5 Months

Recent Articles:

Sterlite Technologies; Watch Out For This Computer Network Co As it Races North On Heavy Volume.

Is Sonata Software a Long Term Leader A Good Buy

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Is Sonata Software a Long Term Leader A Good Buy

Sonata Software stock is worth watching as the stock is forming a 6-week, 13% deep Flat Base. The current price is only 5% away from its ideal buy price of INR 634. Aggressive investors could use any tight area breakout inside the base as an opportunity to initiate a small position. A conservative approach may be to add the stock to your watchlist so that you are ready to pounce if it breaks out to the traditional entry point.

The key trend lines, 10 and 40-week moving averages are at a comfortable position. The current trends of both the averages are upward and the 10-week moving average is trending above the 40-week moving average. The current price of the stock is trading around 15.55% away from the 10-week moving average.

In the last twelve months, Sonata Software has rallied nearly 189.4% as compared to 59.6% for the Nifty500. It has a Relative Strength Rating of 84. We definitely would like see improvement in the rating. At this point we are taking a step back and focusing on the RS Line.

The Relative Strength Line of the stock is offering a lot of encouragement to investors. It has been making good progress in the last few weeks. The overall long term trend of the line is also trending upward. If Sonata Software can maintain this outperformance, it could make sense as a CANSLIM trade.

Another key part of the jigsaw is institutional sponsorship. Sonata Software has an Accumulation/Distribution Rating of ‘A’. This represents heavy institutional buying over the past few weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the last reported quarter.

On the earnings front, Sonata Software has an excellent EPS Rank of 80, which indicates consistency in earnings. The earnings and sales for the stock have grown by 7% and 22%, respectively over the past three years. Its 3-years earnings stability is 10, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 13% and 17%, respectively. The 5-years earnings stability is 10. The return on equity for the last reported year is 31%.

The stock belongs to industry group of Computer-Tech Services. You would still want to see some improvement in the industry group rank for the group. The current industry group rank is 75. The current price of Sonata Software is 2% off from its 52-week high price and 241% above it 52-week low price.

The stock appears on our idea lists: Trend Template – 5 Months.

Recent Article:

Sterlite Technologies; Watch Out For This Computer Network Co As it Races North On Heavy Volume.

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Sterlite Technologies; Watch Out For This Computer Network Co As it Races North On Heavy Volume.

Sterlite Technologies stock has broken out of a 14-week, 28% deep Ascending Base 4-weeks ago. However, the stock is still worth watching as the current price is only 8% away from the ideal buy price of INR 238.

The key trend lines, 10 and 40-week moving averages are at a comfortable position. The current trends of both the averages are upward and the 10-week moving average is trending above the 40-week moving average. The current price of the stock is trading around 13.42 % away from the 10-week moving average.

In the last twelve months, Sterlite Technologies has rallied nearly 151.1% as compared to 59.6% for the Nifty500. It has a Relative Strength Rating of 67. We definitely would like see improvement in the rating. At this point we are taking a step back and focusing on the RS Line.

The Relative Strength Line of the stock is offering a lot of encouragement to investors. It has been making good progress in the last four weeks. The overall long term trend of the line is also trending upward. If Sterlite Technologies can maintain this outperformance, it could make sense as a CANSLIM trade.

Another key part of the jigsaw is institutional sponsorship. Sterlite Technologies has an Accumulation/Distribution Rating of ‘B+’. This represents heavy institutional buying over the past few weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the last reported quarter.

On the earnings front, Sterlite Technologies has an excellent EPS Rank of 89, which indicates consistency in earnings. The sales for the stock have grown by 12% over the past three years; however the earnings growth remained muted at -19%. Its 3-years earnings stability is 34, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 16% and 23%, respectively. The 5-years earnings stability is 46. The return on equity for the last reported year is 14%.

The current price of Sterlite Technologies is -1% off from its 52-week high price and 178% above it 52-week low price. The stock belongs to industry group of Computer-Networking, which is exhibiting excellent strength in the current market environment. The current industry group rank is 19.

The stock appears on our idea lists: Trend Template – 5 Months.

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Godrej Industries Stock Is Marching Towards 52-Week High

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Watch Out For This Dairy Producer As It forms a Cup Without Handle Pattern.

Hatsun Agro Products stock has cleared a 22-week, 27% deep Cup Without Handle Base this week. Currently, the stock is trading around just -3% away from its ideal buy price of INR 884. The stock is worth watching at the current price level.

The stock ended the week on a bullish note. It closed 3.67% up on a 61% greater volume than the 10-week average. You want to see a strong close on heavy volume like this before initiating a position. That signals institutional buying. You would also want to see the same price volume momentum to continue in the coming weeks.

The key trend lines, 10 and 40-week moving averages are at a comfortable position. The current trends of both the averages are upward and the 10-week moving average is trending above the 40-week moving average. The current price of the stock is trading around 9.08% away from the 10-week moving average.

In the last twelve months, Hatsun Agro Products has rallied nearly 117.6% as compared to 59.4% for the Nifty500. It has a Relative Strength Rating of 60. We definitely would like see improvement in the rating. At this point we are taking a step back and focusing on the RS Line.

The Relative Strength Line of the stock is offering a lot of encouragement to investors. It has been making good progress in the last four weeks. The overall long term trend of the line is also trending upward. If Hatsun Agro Products can maintain this outperformance, it could make sense as a CANSLIM trade.

Another key part of the jigsaw is institutional sponsorship. Hatsun Agro Products has an Accumulation/Distribution Rating of ‘B+’. This represents heavy institutional buying over the past few weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the last reported quarter.

On the earnings front, Hatsun Agro Products has an excellent EPS Rank of 97, which indicates consistency in earnings. The earnings and sales for the stock have grown by 22% and 8%, respectively over the past three years. Its 3-years earnings stability is 17, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 13% and 9%, respectively. The 5-years earnings stability is 22. The return on equity for the last reported year is 26%.

The stock belongs to industry group of Food-Dairy Products. You would still want to see some improvement in the industry group rank for the group. The current industry group rank is 77. The current price of Hatsun Agro Products is -3% off from its 52-week high price and 123% above it 52-week low price.

The stock appears on our idea lists: Trend Template – 5 Months.

Recent Articles :

Bharat Electronics: A Defense Svcs Co Marching on Higher Volume.

ICICI Bank: A Long Term Leader Breaking Out of a Cup With Handle.