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Bad time for Tata Motor! Go ShortTata motor has broken major support of 152.7 ( 78 % retracement level from previous upward rally) and formed three bearish candle below it which confirms accelerating downward moment, and showing it will test old low of 129.15 and will go below further. This is no more pullback wave as it broke 78% retracement level but its new primary downtrend wave. If you look at indicator MACD: its wide open below zero and quite a room for downward, Volume: good number at breakout near 152. Trading price: 144.3 Stop Loss: 155 Short term Target: 131 Long term Target: 101 Another Fundamental reason you might be aware of like it’s negative result, overall industry slowdown.
NSE:TATAMOTORSShort
by AnkitSalgia
2
Positional Buy - InvestmentStock had underperformed the index since last 10 years and was consolidating between 320-150 range. Finally, stock has given a multiyear channel breakout above its crucial resistance zone of 320-350 with volume. RSI on weekly charts have crossed 60 mark indicating bulls are in power. Weekly closing above 350 mark is indicating that SBIN is getting ready for a decisive up move. New government is likely to work on financial reforms and the PSU major is likely to outperform in coming years. Government and RBI is strongly acting to recover bad loans and reduce NPA. Going forward stock may seen more buying momentum. Long term investors may think of having this PSU major in their portfolio with 1-2 year outlook. Hedgers may apply covered call approach for assured 2.5-3% monthly return. Swing traders may apply bull call spread for June series.
NSE:SBIN
by TradersVenue
Buy Interglobe Aviation - Long Term DeliveryAs the price of Interglobe Aviation has been significantly corrected, I think it’s a golden time to buy the stock at current levels. My idea to buy the stock is for only investment and not for trading purpose. Invest only if you can hold the stock for a minimum period of 3-5 years. As far as fundamentals are concerned Interglobe Aviation have strong fundamentals as it is the market leader in Aviation sector. Good news will follow when aviation fuel come under the GST regime. While RSI indicator shows that the stock is oversold and hammer pattern plus Bullish Engulfing pattern has already been created a sharp upside in the short term is expected and will continue to rise in long term with consolidation in between. If anyone interested in more such fundamental and technical calls please visit our website wp.me
NSE:INDIGOLong
by VivekAggarwal
Buy Lupin - Long Term Investment CallLupin has created the bottom in my opinion and now it is looking good for a bull run which will lead its price back to its all time highs. As everyone knows it has strong fundamentals with minimal debt available in its balance sheet. On the technical charts it has created two strong Bullish Reversal Patterns which are Abandoned baby and 3 White Soldiers . The call to buy lupin is only for investment purpose without any stop loss placed. One must accumulate the stock on every downfall or correction in the market. If anyone interested in more such fundamental and technical calls please visit our website wp.me
NSE:LUPINLong
by VivekAggarwal
2
Nifty Budget and PE Ratio: What's in for you!!!Nifty Previous Close 11027 Good Morning to all of you... Its Budget day today What will it be like... Will we see Corporate tax relaxation Will the Common Man get some relief in Income Tax Will we see changes in Long term Capital Gain tax... What will happen to Fiscal Deficit etc...etc So many questions... So many possibilities... All will be answered today by the Finance Minister. However from a Technical Analysis point of view Price reflects and prices in every thing. So we look back at the chart and concentrate on the numbers more and see if can get some answers On charts we observe - 2 Parallel Channels of same size ( Green Channel being original. Red Channel being replica) - Nifty is at levels that coincides with top of Channel Replica - Nifty has formed major tops and bottoms around Budget day in the last 3 years Chart wise that says a lot... Caution is in the air... For those looking for some more deeper analysis and playing around with numbers... Well carry on reading... Below is the Link which will take you to an excel sheet where Nifty Budget day reactions since the year 2004 have been captured along with performance of Nifty till next Budget. Also we try to analyse if Price to Earning Ratio has any say in predicting the movement.... drive.google.com If you see out of 16 times Nifty has given - a positive reaction on 8 occasions & - negative reaction 8 times So it's 50:50. In terms of probability Nothing much to choose... But in terms of Magnitude - Nifty has at best given 2.63% reaction on a positive note - However it has fallen by 3% or more on 3 occasions (worst being -6.21% in July 2009) So although Nifty has reacted positively and negatively equal number of times, Net Change on Budget day since 2004 turns out to be -8.87% Day traders / Short term traders, hope it helps to plan your trade accordingly...!!! Now that we have covered short term view lets look at the bigger picture i.e how Nifty has done Budget to Budget. Lets try and also analyse whether PE ratio has any thing to say Nifty PE Ratio or Price to Earning Ratio is a Fundamental tool which reflects overall Valuation of the Market Below is the link of this Fundamental Information being converted into a Chart for analysis. drive.google.com Nifty PE > 22 considered to be on the expensive side Nifty PE = 18 Fair or Reasonable valuation Nifty PE < 15 considered to be at attractive valuation In the excel sheet one may notice that whenever Nifty PE has been below 21 on Budget day, it has given a positive return till next Budget on all but 1 occasion In 3 out of 4 occasions, when Nifty PE has been above 21 on Budget day, Nifty has given negative return of 20% or more till next Budget And on one occasion i.e in the last one year Nifty has given a Positive return of 26% despite Nifty PE being at 23.27 on 01-Feb-2017 Today as we stand, Nifty PE is at 27.5. Again this time it could be different ... Markets can scale even further higher but Numbers & stats suggest otherwise... A possibility of 20% fall or more till next Budget is having a 75% Probability of coming true So Stay grounded... have realistic expectations... Do not over leverage... & give more importance to Risk Management !! Wish all the best & Hope it helps you all a long way in planning your investments...!!! Do share with your friends and colleagues if you find the analysis insightful, interesting & helpful Take care & safe investing...!!!
NSE:NIFTY
by indiamarketoutlook
10
Go Long on ALBK for Target of 110 with a stop loss of 54After the news of recapitalization of about Rupees 2.11 Trilion for Public Sector Banks the NSE:CNXPSUBANK charts were negative to sideways consolidations, Considering this sideways movement this gives an excellent opportunity to invest in PSU BANKS. I choose NSE:ALBK you can do similar analysis in other PSU Banks as well. NSE:INDIANB has actually given a follow up rally after recapitalization rally so that will be kind of different analysis rest most PSU Banks have more or less similar trend. Now considering my rational, if you see after a big fall from 2015 where NPA issues were discussed the major reason. Stock is in primary accumulation phase which is clearly evident by rising volumes, so this means the stock is due for another rally, so i think it's an ideal opportunity to buy this stock. Plus after recapitalization rally just look at the volumes in the negative to sideways consolidation. So seller weren't strong in this phase which gives another positive rational to buy this stock. I'm expecting the stock to break this TRIANGLE formation and minimum target I would expect from this would be 110. Keeping a stop loss of previous swing low which was around 57 levels so 54 seems a good level for stop loss. At this point we are getting a minimum 1:2 Risk reward. Last I want to specify the Bollinger Band Width, this help us identifying momentum, this stock historically has found momentum around 0.149 levels, this is also very important to identify that how soon will we achieve our targets. So I hope you would find this analysis helpful for your decision making (Please always trade with a stop loss) Note: Risk Only What You Can Afford to Lose
ALong
by RITESH_TMR