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...!!!