Infrastructure
RELINFRA: SELL @ 406, SL 416 TGT 1 @ 477 TGT 2 @ 464RELINFRA has created a long legged Doji (kind of a shooting star) which signifies its weakness. Wait for a bounce back upto 406, and SELL AT 406 with SL at 416 and Target 1 at 477 and Target 2 at 464
SREINFRA: Buy at 64.10 SL of 61.80 and T1 at 67.65 T2 at 70SREINFRA buy at 64.10 with Stop-loss of 61.80 and Target1 at 67.65 and Target 2 at 70
Today on NSE, SREINFRA is trading with 4 times its average volumes and HAMMER CS pattern
buy @ levels only a good positional buy for good upside in near time ....
i can be wrong as well!!!!!!!!!!!!!!!!
THERMAX BREAKOUT ON WEEKLY CHARTS.THERMAX Stock price has broken the crucial resistance around 945 - 960 on the weekly charts.
Short term moving average has Placed above the long term moving averages and It has been created a long term trend reversal on Weekly Charts.
MACD oscillator has showing strength and Trading above its signal and equilibrium line.
So One can Initiate a Long Position in NSE:THERMAX At CMP for a Target of 1140 With a Stop loss Placed at 937.
RELIANCE INFRA - GOOD INVESTMENT STOCKIt is been observed that the price action has reached down at lowest levels at around 300 last year. And now, it is trending up in a channel, making new higher highs and higher lows, indicating a further move up. It is a good investment as Budget season coming around and it is believed that this budget will support and boost infrastructure. It might accumulate good deals near budget, in all a good investment for this year.
Target 1: 550
Target 2: 600
Stoploss: 480
Kindly share your views below in order to create a good investment opportunity for everyone.
Engineers India - Fails to breach resistance at with momentumEngineers India fails to breach resistance at around 155-160 range with momentum, may decline further.
Cement sector opportunitiesUltratech has lost 25% of its value in the past two months due to the demonetization impact. I am long on this stock since fundamentally it is a good stock but in the short medium term it will see some selling pressure. With a P/B of 4, these current dips presents good buying opportunities.
Technically note the strong support at 3100 and 2600 levels for this stock and weakness in the RSI indicator. It may be an opportunity to keep adding on dips like it is seen currently.
OM metal INfra.... Long term betBreaking out of a trendline and a C5 made. This stock can be a multibagger in the making...
Fundamnetally the stock is doing great and the value will unlock soon
