DEVYANI Diwali Pick DEVYANI International Diwali Pick
Positional >> 1Year Pick
sl 115, Target : Double
Diwalipick
NMDC: DIWALI PICK (INVESTMENT)After a long term downtrend , Stock has given a breakout from an Ending Diagonal Structure which suggests that the previous trend is over & a new trend is developing . With the formation of HH HL in an impulsive manner we can say that stock has turn around & is ready to move up. Stock has made a high of 213 breaking all the previous resistance in the zone of 190-205 & the nature of the rise is clearly impulsive. From the highs of 213 stock as corrected 50% & right now trading near the level of 142. One should go long on the current levels and add on dips (if any) . Keeping Sl of 100 one should look for the target of 245/305/375.
JINDAL STEEL : Anticipation of 5th wave (Dhanteras pick)The current structure suggests that after the completion of larger degree 4th wave correction , Jindal steel is rising in its 5th wave progression of impulsive move 12345. Of which we have seen a lower degree impulse wave consisting of 5-waves & post that we have also seen a three wave correction as ABC with C as an ending diagonal on lower time frame. As per the current structure one should go long on current levels with SL of 400 & look for the upside targets of 450/500/550/600.
NOTE: if the SL reached then that should be not taken as bearish event. This idea holds good as long as the level of 350 level is maintained.
ASIANTILES- Big Bounce Contender ( DIWALI TO DIWALI )AsianTiles is near its crucial Supportline and there is a high probability it can take a bounce from this range.
Entry Range (130-135)
Tgt 1: 163
Tgt 2: 185
Tgt 3: 163
Final Tgt: 163
Stop Loss : 80
Stock Analysis of Hero MotoCorpPrice - 2847.20 Dt. - 22.09.2021
The stock was underperforming for the last few months and the stock is ready to resume the uptrend. Golden crossover is possible on the daily charts as well as weekly charts. RSI is above 50 and the auto sector has started showing the trend. Hero MotoCorp looks good for the short term.
According to the company, they have more inventories than their peers and as Diwali is near the corner, it will help them to sell more 2W than competitors.
If stock is above 2860 with good volume then it will be a buy signal.
Apollo TyreDiwali Season is coming and auto stocks starts moving up
Keep on track theses kind of stocks for min 10-15% returns
