Here, i think that there is a potential upside in MGL (Short position) - 20 Days.
The price currently is Rs .1014 and i expect that by 5th February 2020, the price should touch Rs .1092
The trendline has been strong for MGL .
If you open the daily chart of IGL , you'll notice that there has been a good support to upward movement.
Disclaimer- These are my...
Medium term investors may look at Wabco India, looks like a good buy around 6280-6330 levels.
Targets can be 6580 - 6780 in 2-3 months, keep 6140 as stop loss.
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This post is not an advice to speculate using leveraged products, one must thoroughly understand the...
Case 1 : Bears come back - Midcap index falls further by 25-30% & new high occurs in 18-20 months ( March 2021) thereafter
Case 2: Bulls take charge from here on & index hits / crosses new high in 10-13 months ( Aug-Oct 2020)
Just Dial is bouncing back from very crucial support after getting accumulated for almost three years. In the latest Sep-19 quarterly results, the company has posted the highest revenue and net profit in recent quarters. Moreover, this is a debt-free company and trading at 16 PE. Stock can be bought at the current price of 625 for 100% return in the near future.
TREND ANALYSIS
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 6 to 10 times.
Hare Krishna!
Sharing for educational purpose to learners.
As per my idea of selling Asian Paint in the below linked ideas.
Took the position on 12 Sep.
Example of Professional Trading involving patience and precision.
Losses will come but profits will outshine them in the long run.
Good Luck
Nifty Midcap weekly chart analysis - We can observe that it has been trading within a channel since early 2018. A breakout could lead to a fresh bull rally.
Manappuram Finance - Entry@125
Sales growth of 15.5% since 2015
Income growth of 38% with an average ROE of 18%
I have initiated a pilot position. I will add more based upon price strength and 2019 march annual earnings guidance.
Future Lifestyle - Adding a pilot position @ 480
FLFL sales have been growing at 10.5 % since 2015. Earnings are growing at 71%. The stock is trading near an all-time high with a sustained price strength. I have initiated a pilot position and will be adding more depending on how the price behaves in the coming days.
MINDTREE is a BUY on NSE around 1086 with SL of 1046 and Target of 1170. If it comes down tomorrow and takes support around 1090 then get in the stock.
IDFC could break out from its longer term resistance, leading to a strong rally. Or break down below its short term support trend, which would be a good time to initiate shorts. Will observe closely and take position accordingly.
Mindtree NSE:MINDTREE has gained 10% on NSE with volumes move than 4 times its average, which has also crossed its monthly resistance and weekly resistance on Friday(23/02/29018).
Likely to see further upside from here. Hence a Buy on MINDTREE around 812.75 with SL of 805 and Target of 832.
"Mirc Electronic" looks positive in Daily chart with forming Higher High's and Higher Low's. According to that the prices are having bull run. Now, going to Intraday 1 hour chart we can see that there is a Trend Line support at current market price indicating that prices may recover from current levels. Adding to that we, Secondly, Usage of Fib Retracement of very...
After making all time high of 696 niittech corected to 605 & then gave a breakout from the flag pattern .Size of the pole is 235 so the tgt will be 875.Keep the low of the flag as stoploss i.e. 605. Will Niittech reach the tgt or hit the stoploss.Let's see.............
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