Currently trading in a previous resistance zone as marked on the chart. Break above these levels will lead to 120 in medium term.
Current levels ok to build position (Waiting for break out of resistance zone not Needed)
Investing in this stock would require patience as it has a tendency of consolidating within a range for long periods before moving.
This is only...
ITC is a index heavy weight & Fundamentally very strong stock . It is a must have stock for long term investment portfolio stock in FMCG sector.
It is on very good levels and chart looks strong too. It should be on your RADAR..!!!
1ST TARGET 15.65 AND
2ND TARGET 17.55 VERY IMPORTANT LEVEL TO CROSS, IF CROSS AND HOLD THERE THEN 20.
STOP LOSS 14
Disclaimer: All posts/views are for educational purpose only..!!
Kindly contact financial advisor before taking position/decision.
I recommend to Buy Morepen Labs as a positional call for medium term. Charts of morepen labs shows that the stock is oversold in the market with unjustified pessimism. It's prime time to get into the morepen labs with targets of rs. 42.00 which can be seen within 12 months from now. It has created a Inverted Hammer Pattern which is a strong bullish reversal...
Apollo Tyres in a really sweet spot at the moment,both technically and fundamentally.
Technically is evident from chart.
Fundamentally: Tyre manufacturing industry depends on mainly two raw materials. Synthetic and natural rubber. Natural rubber prices have been falling on account of prevailing risk of global trade war. Synthetic rubber is manufactured from crude...
Holding 16.40 levels the stock will confirm a higher top higher bottom formation
At cmp & / or on dips towards 17.20 - 16.80 the stock can be looked for
T1 18.60 ( Short term )
T2 21.80 ( Medium term )
SL if closes below 16.30
Review ur trading plan
& plan ur trade accordingly
Take care & safe trading...!!!