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Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while investing/Trading decisions.
Past performance is not an indicator of future returns. Investment is subject to market risks.
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UPL will fill this gap that was caused by a sentimental reaction to a news that broke out which should ideally not create any pressure because both the parties involved (UPL and KPMG) have come out and cleared the air about the news reported.
NOT INTRADAY trade.
But at current levels.
Target at 515.
Stop loss at 456.
Duration: 1 month.
To reiterate, it's...
Buy signal if price holds above level 225 then it can be a good signal
As the stock has given a breakout and also a up trend double bottom. Can buy for a long term pick.
Current price is less than the intrinsic value.
long term Debt to Equity is very low.
Very less promoter pledged share.
Evolving Business model.
Stock post touching 650 broken Consolidation started going south till 152.
From 152 it made retracement fib levels 0.5 completing first 5 wave impulse
Right now stock trading in parallel channel and expected to respect it as Volume dropping and wave C could be coming to end near 270 which is again 0.5 Fib level of impulse.
Long all dips towards 270
Spotted Head and shoulder pattern on SBIN.
Not seeing the uptrend unless it breaks the Supply ZONE. It is now too conjusted to break,
Even on Hoursly Time Frame it is bearish.
LongTerm Trader can remain Invested 180. however if it goes down , move out from the stock.
Also if you notice too much conjestion now, near the right shoulder
On a 4 hour chart...
This is the best stock for long term. For a short term, it is not going to give much returns. but it's a perfect stock for long term for more than 20% returns. A good and stable company, good PE ratio, available at a great discount.
Don't miss it! add it in your portfolio and don't worry about it.
Wipro is good with its fundamental and it is supporting the trendline from last 11 years. and you can also see price action(rejection) show a long opportunity .one can invest in it for 2 years from 2020 to 2022 with expected target of 330-370.
- Previous week ending 5th April was bearish for HUL. Then a green Doji on 8th April showing indecisiveness against the bears. This was followed by bullish candles confirming a trend reversal this week.
- This reversal happened exactly at the long term trendline as shown.
- Stock moved in downward channel for past two months. Finally appearing to...
Monthly chart CNXPHARMA
Price action: Blue arrows show higher top and bottom
Line studies: Price moving out of red downtrending channel
Averages: Support at 200 period EMA in June 2018 and Feb 2019
RSI: Bullish divergence + trending up NSE:CNXPHARMA
Comment: One can consider investing in pharma funds/Etfs with a systematic investment strategy for 5 years (Holding...