The Bear onslaught on Oil Marketing Companies (OMCs) has been going on for a long time now.
However, with Crude starting to come down we may see some buying interest coming back to these stocks.
Rupee is also at one of the lowest levels against Dollar, so a bounce back there may further help cut Oil Marketing Companies’ Losses.
I can see the price making a ...
A double bottom pattern has setup in daily chats of SBI and I has also shown breakout.The stock has comfortably hold level 263 today and for position view can go upto 290 level.Setup will fail if it fails to hold level 263. Pardon if I am wrong
Coal India NSE:COALINDIA has reversed sharply from strong support zone between 260 – 265 levels.
To me it looks like a double bottom formation with positive divergence.
Good opportunity to go long with stop loss a few points below the double bottom lows and first target near 290 levels.
Disclaimer: Views expressed here are my own, and should not be ...
Bharti Infratel NSE:INFRATEL stock is doing good for the past few days in a falling market and has shown a sharp reversal from the 308-311 support zone.
I can see a double bottom formation here with a positive divergence.
Good opportunity to buy this stock for the near term with a target of around 350 and stop loss a few points below 308.
Disclaimer: Views ...
Lupin NSE:LUPIN came up with better than expected numbers (operational performance) yesterday and the stock saw good buying activity today.
I can see a double bottom formation here with a positive divergence along with today’s bullish candle.
Good opportunity to go long with a stop loss near ~ 720 levels and first target of around 815.
Disclaimer: Views ...
As mentioned yesterday, a reversal in pharma seems around the corner.
The stock has formed a good Double bottom with divergence and a large Bullish candle indicating that Buying Momentum is picking up.
Good opportunity to go long with a stop loss near ~ 500 levels for a target of ~ 582.
(However, keep an eye on the results)
Disclaimer: Views expressed here ...
Tata Motors has been on a bearish run since 2017 correcting from 550 levels, nearly 40%. The stock has taken support on the major trend line which it has been following since 2011. The stock had seen bounce back from the same trend line at 326 levels in April and has seen similar bounce at same levels. One can go long with Target of 342/352/360, Keeping Stop Loss ...
Pls see the chart. Wedge pattern breakout given on the chart for that target 1&2 given. Double bottom will confirm, when it breaks the 913 levls for that target given on the chart. Weekly MACD cut and daily MACD crossover helps to reach the target and weekly low RSI and CCI helps to reach the mid term target.
Vijayaraghavan
Kovilpatti.
