#RADICO #RADICOKHAITAN #NIFTY #BANKNIFTY #INDIA #TRADING #INVESTRadico Khaitan
Bullish Wedge
Invest for long term
3 Targets prescribed
SL 320
Longterm
long term bet ## cumminsindia ##Buy at current market price and also in dips till 320. long term stoploss 275 on monthly closing basis. target 430...500..600++
Polycab for shorttermPolycab is currently trading at price point where we have long term and short term supports
Trade based on the price action
Bajaj Finance favorable risk rewardMany of us are waiting to mint money out of this stock when it start to reverse
But we all know it will not move when we expect that it will move now
So wait for the clear signal to entry
Delta corp a cheap buyDelta corp has correct more than 85% from highs
I believe at this price level downside risk is low as we have long term support below
Look at the chart for the levels
Bitcoin is making cup and hanle pattern forBitcoin is making cup and handle pattern for breakout if it break the upper level then it can show almost 1000 point onsided move .if want the exacy buy level hit the like button and follow me . i will update through message .
Ashok Leyland Longterm analysisEven though Ashok Leyland doesn't fit our investing framework, posting this in case it will be useful for already invested investors
3M India longterm analysisStocks dont double over night
They need time some time months some time years
If you see the 3M India in longer time frame stock doesnt move for years. That is when you ability will be tested and who stayed in the course will only be rewarded at the end
So as an investors be patience until noting changes fundamentally in a company
Axis Bank LongLong opportunity can be seen in axis bank for long term investment.
SL below the Patter low
BOSCH India at demand zoneBOSCH at long term demand zone
Keep accumulating the stock at these levels for long term holding
Stock can go side ways in short term
Hold till it breaks down support
Low risk high reward trade
NSE:BOSCHLTD
Raymond - from current level to 235 or 177Raymond standing on longterm strong support of 223
Considering all global index's are in positive incase if market opens positive,
should reach 235.
Incase if breaks this support level next strong support is around 177 and can be considered for good shorting
Retailers Favorite (Yes-bank)If the stock successfully makes a higher low then it can certainly shoot up in the coming days.
Currently took support at 50 % Fibonacci.
CMP = 50
SL = 25
Final target = 120
Spicejet: A Long term Investment bet...Spicejet is at a level which historically has acted either as a strong resistance or strong support.
If the level is held then Spicejet has a strong possibility of jumping back to 95 / 102 odd levels.
On a fundamental note
- Corona virus fears have let to many flight cancellations
so in the short term, things could be difficult
- but recent price drop in crude prices if stays at lower levels in medium term then it can be a beneficial for airline industry on the whole.
The current levels provides good risk:reward ratio to go long in the stock from long term perspective.
Take care
Happy & safe investing...!!!
UPDATE @ICICIBANKThe resistance level is being tested many time in lower time frames and daily chart show flag (and also breakout pennant) which suggest long oppurtunity for long term.
For short term the price may go down from the resistance level and hit the target as I mentioned earlier.
