Get started

Learntradingwithsudhir

BEL - Good buy ?-Q3 result was good, and future expectations was also positive yesterday. -Technically, election day low has series of strong support around 230 - 200 zone, and can act as a very very strong support, in case the stocks falls significantly. While the level of 300-310 followed by all time high of 340 can act as short term resistance. -The recent correction has removed froth in the stock (now ~ 40P/E ratio), and looks to be the strongest stock in the Defence sector (followed by HAL).
NSE:BEL
by stoxsense
JSW Energy : Entering a Quarterly Demand Area#jswenergy - Q3 result was NOT great, and pressure may remain on solar energy related stock (oversupply) -Technically, it is entering a demand area in Quarterly/Monthly chart and can consolidate now in this range of 350 - 450, while on upside the level of 630 - 670 will be strong resistance. Look for reversa l/ breakout in weekly charts to confirmation of base formation. - The recent correction in jsw energy share price removed froth in the stock (now ~ 40P/E ratio), may offer better opportunity to trade on long side on major support of 420-425 level in weekly 200D-EMA #learn_at_stoxsense #Learntradingwithsudhir #StockMarketIndia #Optiontrading #learntrading
NSE:JSWENERGYLong
by stoxsense
ICICI Bank : Good HOLD in current market- Q3 results was good and stock can open with a bounce tomorrow morning. - Technically, it is trading in a downward regression channel, and at 200D-EMA (support), and can give a upside breakout. The zone of 1300-1330 can act as a resistance in short term, while downside seems to be capped at 1000 (worst case) with strong support at 1170-1150 level. - The stock is expensive fundamentally, BUT can remain trading so given improved performance and is one of the safe against market volatility too in short term.
NSE:ICICIBANKLong
by stoxsense