From Last Year Stock is Trading Between this PRICE RANGE of 10.90 ---TO---4.80
good Channel pattern formed on higher time frame 4hr..
Gave breakout with heavy volume ...IT might be False On But i am bullish on this penny stock for Target of 30-50 Ruppes...in 2-3 years...
Buy above only gave breakout to level of 11.85--11.90... For ShortTerm Target - 12,15,18,20...
1. It can clearly seen the way AFFLLE India is making ATH with every passing month after breaking out of triangle pattern. Keep investing in this stock for long term.
2. For effective return, try to add fresh buying when RSI is in 40s level.
3. I know people would be reluctant to invest by seeing stock price 5K+ but believe me that act as a plus point since...
Kotak Bank has had a fabulous year and we have stressed enough that in whole Banking sector, we only like and invested in HDFCBank(800 levels) and Kotak Bank(around 1300 levels). Hence Now the stock has entered correction and its 16% down from its high. Its a good stock to accumulate at these levels for long term gains.
LONG TERM IDEA OF THE MONTH // Sunday April 4th 2021 // BSE:ARTSONEN
// This is a Long Term Investment Idea and not a swing trade call nor an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few weeks. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 40.4
The reason for 350 Target:
1) The overall setup is bullish
2) The price is trading in a Channel Pattern Monthly TimeFrame , Zoom out to know why I have mentioned the target as 350
3) The bank is taking some reforms and will be one of the top-performing banks in India.
Taking a good support at 1660 level (pre corona high), attractive RSI, Volume of sellers getting absorbed, consolidating in triangle pattern. It is all set to show a big move. With strong fundamentals this stock is a must add to ur long term portfolio.
A short term view :
The stock is showing a turnaround in the higher timeframe setup. The reason is obviously the merger as the major momentum came after the budget.
For now the flag pattern is emerging and a breakout in the upper direction can give a good push and good returns.
A long term view :
No doubt Allahabad bank has the largest number of fixed assets...