After a long time seeing lot of bullish breakouts in the businesses I have positions in, most of which have had a strong week, month and FY
VBL, Weekly – Showing strength trading above 1350 levels and just 2% lower than ATH. Can gather steam above 1420
Apar, Weekly – Ran up post results and consolidated for 2 months and strong breakout on the weekly from a flag formation.
Shilchar, Weekly – Similar consolidation and a breakout but with a retracement on the daily. Made an ATH last week and trading just 2% under it
PML, Weekly – Strong breakout last week with a good follow-up trading above it and closing at ATH
Vimta, Monthly – Not as strong as the rest and fell drastically post results and has consolidated around 300 levels which is also a strong support. Will be back in the game if it closes above 350 levels, above the 20 WMA to resume uptrend. Fundamentally, I dont think much has changed here though the ramp-up in volumes in the JNPT lab didn’t happen last quarter. Its probably just a matter of time. Current levels offer a lot of margin of safety
TRIL, Weekly – Showing decent strength in the 55-60 value zone which also happens to be the 20 WMA. Had a strong breakout in Jan but retraced almost everything to trade back in the same zone. The ICICI report has good details on the business
Earnings on an uptrend and so is the orderbook. It is my distant second pick in the transformer pack after Shilchar. The sector is on a strong uptrend both in domestic and exports. TRIL has a strong domestic presence and the company is making earnest efforts to crack the exports markets outside of Middle-east, Africa and Russia where it currently seems to have presence. Capacity utilisation currently around 65-70% levels like Shilchar and operating leverage could kick-in in both going forward with the sector itself being in strong uptrend
Honda Power, Weekly – Filled the gap and is consolidating around 2000 levels. A strong breakout will confirm resumption of uptrend
Disc: Have positions in all. No recent transactions in VBL, Shilchar, Apar and PML. Increased Vimta, Honda and have built positions in TRIL around 60 levels
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