The stock rose almost4.50% and closed above its 20DMA with significant volume on 1stSeptember. Leading indicator like Stochastic and RSI are rising withpositive divergence after coming out from the oversold zone. Consideringthe technical evidences discussed above, Go for it with a Tgt of 93,97 Stop Loss 89
: Does that deserve to go up 100% on its listing day? What are the fundamentals? A: This is a classic case of momentum or operator play which we have been witnessing in case of other recent listings. If one compares this company with Sesa Goa, which right now is ruling at P/E multiple of… Read More »
WEEK GONE BYNIFTY was suggested weakish below 4370, support was expected around (support trendline @ 4200). Nifty made a low of 4201.85 on Thursday and bounced sharply on Friday to close at 4360. WEEK AHEAD50% Retracement of upmove from mid July to mid Aug comes around 4215,Nifty has bounced from this supports. Nifty is recovering… Read More »
Dalal Street was in celebration mode. The lower than expected inflation figure, which at 12.40% is lower than last week’s 12.63%, announced yesterday late evening, set the moods. Then there was also news of crude prices falling. It was at $116.88 per barrel after dropping $2.56 dollars. This called for double celebration! And since morning,… Read More »
Try to trade in INdex Heavy weights BHEL and Reliance can show very good Bounce backs Reliance Keep a Sl of 2052 and can go Long for a tgt of 2100 and 2138 BHEL keep sl of 1596 and go long for a tgt of 1686 1701 1750 Reliance is coming in Over sold zone… Read More »
Nifty is in Down Channel.Both MACD and RSI showing sign of weakness If 4150 is breached than we can see fresh lows coming in. So we should use every rise which I think will see tomorrow to exit. Or keep a SL of 4150-4128 range on all ur longs
BHEL busted SbI made 1389 recommded at 1356 LT made 2253 Kotak 609
Buying Excepted Once it crosses 409