Metal sector is on very critical area if this Resistance breaks than long upside rally will come.
Watch out this three metal shares:
1) JSWSTEEL
2) TATASTEEL
3)JINDALSTEEL
Ticks :
1) Chinese double bottom formation.
2) volume conformation.
3) Range breakout.
4) Lockdown is getting over periodically.
5) High MF and Fii holding.
6) Fundamentally sound stock.
Buy : current level
Targets: 1038 (short term)
** Can look out for long term also.
In Gujarat state petronet Ltd. found a intrinsic value @246 but the price is below from this. this is a best time to buy GSPL at demand level @146.8 SL @116.50
Technicals:
Firstly, The chart has broken channel and then retested the upper trend line of the channel and confirmed it as support and it started moving up indicating a positive move to upside. A further positive close above the channel shall lead to the prices to go up to 200-225 levels, with technical stop at 160 levels.
Fundamentals:
The company has reduced...
RBL Technical RBL Create Buying Pressure at 684 and selling Pressure at 675.50
RBL Fundamental RBL Bank has informed that the Board of Directors recommended a final dividend of Rs 2.70 per equity share. The bank's Q4 net profit has jumped 39 percent at Rs 247cr. However, the stock is trading one percent lower.
