- 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 upNSE:CNXPHARMA
Comment: One can consider investing in pharma funds/Etfs with a systematic investment strategy for 5 years (Holding...
Ashok Leyland is one of the well-known Auto Companies India & is Fundamentally Strong
Entry : 75<+>85 Range
Stoploss : Considering Long Term SL will be at Own discretion
Basic Target: 110
if you have any queries regarding above idea or any other stock feel free to D'M
On Holi We launched TruStox Community a Community driven platform for Traders with...
Mirc Electronics is a buy with a first target of Rs. 31 and second target of Rs. 38.
Price of this script looks oversold to me. On daily candle chart piercing line pattern has been created with heavy volume so i dont think there is more downside from here in the stock..
However Stop Loss should be place at Rs. 19.80
If anyone interested in more such fundamental...
the stock is at alltime high thus no lumsum amount can be invested but as the stock is fundamentally good i feel its a good stock to do SIP
(systamatic investment plan)
for long term
irrespective of bull and bear market
above is not recommendation , but just an idea of how i do invest or trade in a stock.
I FEEL THIS STOCK HAS A GOOD CHANCES OF UPSIDE AT THE LEVEL OF 570-590 FOR INITIAL TARGET 0F 625 AND POSITIONAL TARGETS OF 675 ++
AS IT HAS BOTH WEEKLY AND DAILY SUPPORT AT 570 , DONT THINK IT WILL BREAK AND IF IT SO . ...THEN ONE MUST EXIT