the stock is at alltime high thus no lumsum amount can be invested but as the stock is fundamentally good i feel its a good stock to do SIP (systamatic investment plan) for long term irrespective of bull and bear market . caution above is not recommendation , but just an idea of how i do invest or trade in a stock.
will like to go long in reliance for targets of 1027 ! still a good upside i see in the stock but keeping a stoploss @ 949...
watch tata motors closing at 430 ...coz the day it closes above 430 a good upside could be seen !!!!!!
near its all time low ..chances of a quick good reversal ..lets watch it closely
its the new HDFC BANK in making!!
it needs to sustain above 1710 for an upside move!
posting it because someone asked me to do so on twitter!!!! let it come to the levels where it would be a favOur able risk reward as it is always better to not to take a trade then to take a wrong trade ... i can be wrong!
it looks good on charts ..fundamentally as its a tata stock nothing to worry ..tata = trust
a good positional buy
one can hold the stock for long term and should buy more if comes at lower levels as the overall fundamentals of the company are good and thus a good long term buy !!!!!!!! stock can come down in short term as rsi and macd showing overbought thus not a good level to enter now but let it come down a little and then enter!!!!
reliance has to give a pull back ..if it fails a downslide in nifty can be observed
keep close watch @ 1650 for hdfc breaks ..can slide further ...reverses or sustains .. can take to 1675 -85
I am bearish on indusind for the upcoming week, lets see how the stock performs!!!!!!!
I am strongly bullish on auro for it can give 4 -5 % return in next 5 days!!!!!