EICHERMOT 1D, is at 52 WEEKS HIGH now.
FUNDAMENTALS: Eicher motors posted NEGATIVE results since 3 quarters and stock still makes 52-weeks high which doesn't look sustainable to me.
TECHNICALS : stock forming DOJI on top and trend reversal may happen .
My view : Eichermot may fall and I'll short ONLY below the Low of doji.
Trgt is near 2300
It may retrace...
L&T Shares Fundamental Analysis
The company’s shares have 52 weeks high of INR 1607 and have a market capitalisation of INR 1.09 trillion which makes it a Large-Cap company.
The company has a history of over 80 years of engineering excellence and operates in 9 business verticals. L&T Group comprises of 93+ subsidiaries, 8+ associates, 34+...
AFFLE , 1D Chart formed U shape & Gives Breakout. Can Go LONG above 3146 only for Positional or long term.
If Price opens below 3146 level then it may retrace back to for CUP & HANDLE pattern, I would buy On Dips till the Support Zone (also Gann static Level) , In both ways Stock is Bullish.
MACD : Bullish
STOCH RSI : OVERBOUGHT (price may form Cup& Handle ...
Fortis Weekly chart forming CUP & HANDLE , and 1D Chart forming U pattern..
Highly Bullish for approx 1 month holding for 20% gain only ABOVE 145.
As there is a 50 moving average resistance near 145 level.
Buy only above 145 .
Weekly breakout with Good volume ... Very good sign for investment in mid to long term investment... Do the pyramiding, intraday traders utilize the movement in the stock and Safe players can enter the trade on retracement with strict SL.....
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big...
long term looks promising with increased in package foods ....TCPL key vendor for ITC and other FMCG companies.
kanoria family is having good and clean history of business..
Vijay kedia invested in this.
Buy Idea only above 9.25 for a easy target of 10.75++
For long term hold for atleast 6 months. It can be a multi bagger.
Technical view - It didn't broke 9.25 resistance since 8 October, retested two times and this time it will be big as consolidated for a month.
Please contact your financial advisor before Investing...
Its the trade of the decade. But the breakout should be confirmed by clearing the short term resistance. Wait for that. If it clears buy it and keep the trade open till previous high is touched. Book partial profits there and leave the rest for investment.
Fundamentally good company. Once schools & colleges are open we can expect some strong upward movement. Currently trading at support. Some shopping can be done. 200 is a very strong support zone. 360 is the target price. Potential multi-bagger.
Time Frame - 1 year