TVS Motors, Buy on Weekly charts!Price has broken out of a nice consolidation and if it does a minor retracement and then creates a strong bullish candle, it will be a good buying opportunity. Stoploss would be below the previous resistance and trailing stoploss can be below 20EMA. Alternatively ATR can also be used to determine trailing stoploss, it all depends on what you are comfortable with. That said, as usual, please pay attention to position sizing and manage your risk wisely.
Automobiles
PPAP Automotive ready for another cycleInvestment Pick (12-36 Month apx)
PPAP AUTOMOTIVE LTD (CMP-237)
Fundamental Good
1. YOY Sales ↑, Steady Profits, Abundant Cash Flows
2. Promoter Stake ↑, FII ↑
5. Co. is under GROWTH STAGE
Technically Very Strong 💹
(Refer Chart)
Target 🎯 : 2X - 3X
SL : 194 (17% Apx)
Investment will be done in 2 parts:
1. .Will buy with 2% of Capital)
2. Another 1% of the capital on next entry
Disclaimer : This is not a Buy/Sell advice. We share what we do. Only for educational purpose. Consult your financial advisor before investing.
Inverse Head & Shoulder breakout on Monthly chart Considering the movement in the Auto sector and the major revolution going on in the EV industry, it is very likely that this stock can perform well in the next 6 months to 2 years.
1. the "Inverse Head & Shoulders" pattern has a clear breakout on the monthly charts.
2. The volumes are also increasing.
3. Target could be the all-time high price in a period of 6 months to 2 years.
Stop loss - below the current swing low on the monthly chart.
Disclaimer: This is for educational purposes only; kindly consult your financial advisor before investing.
-> Not a recommendation
My PredictiveEngine's Intraday call(21-May-18)-BAJAJ_AUTO-ShortBased on my PredictiveSystem's signals, its going to be a RED candle on 21-May-2018 for BAJAJ_AUTO
Sell Below: 2780 for targets -
T1: 2759.2
T2: 2746.6
T3: 2733.6
SL: 2802.2
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)