Two Stocks for Serious Considerations

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Dear Investor,
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I usually don't write in middle of week but I found two good stocks trying to show some move is expected in them. So I decided to let you know about it. Overall as I keep repeating that this market has too many buyers that has been proved correct again. We just bounced off from the level where we should bounce off and we have started to march forward. There will be up and down days but keep your focus on long term trend that is up. Such corrections are opportunities to buy and not run away.

From NIFTY collection I added Mahindra and Mahindra and TCS to my personal portfolio. These stocks might correct in near term but I care less about such corrections (games).

Please add following stocks to your watchlist

ISMT is trying to come out of base. Buying it at this junction might be little risky. Notice how this stock consolidated in narrow range for months. This is weekly chart. It is trying to move above green resistance line and now stuck at around 70. If it has real power it will move above 70 and that is where we should place our first buy order of only 25% of your total planned investment. (if you plan to buy 10000 worth of stock then only buy 2500 worth stock for now and add if your selection proves correct) If it continues to march forward then you just caught a new trend which is incubating in some remote corner away from your attention.

Dish TV has exact same pattern as above chart. It just recently moved above its resistance line. I like the chart pattern. My suggestion buy 25% of planned value and if really works add more to you. The trend is about to start. I hope it is not a trap. I had similar chart patterns for Sugar stocks and those guys did not breakout. They infact broke down from these levels.

( On closing note, the world governments are printing so much money and planning to printing so much more, I just don't see stock markets to come crashing and loose its value. Its new reality for us. More paper money and expensive stocks and real estate. ).

Thanks
Anil
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