Keep an eye on this stock
1. Weekly trendline support
4. Very good R: R
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Buy Federal Bank at current market price for the target of Rs 98.30 and SL of Rs 81.8.
Note: This analysis is for Educational Purposes only. Consult your Financial Advisor before any investment decision.
Potential Turnaround Stock - Positional Idea
LTP ~ INR 5984/-
Breakout At INR 6575/- Resistance At INR 7750/- Support At INR 5325/-
The stock from a technical standpoint is trading Above 3% to its 50DMA and comfortably placed above its 200DMA, around 10% above 200DMA.
50DSMA ~ 5774.40/- Trading above 50 Day...
Buy BPCL if close 30 min candle on above 400 level for intraday, for positional wait for the daily candle to close above 400 level for the immediate target of 415 on an intraday basis. position target is 450-460
BHARATFORGE SPOT chart is forming CUP WITH HANDLE pattern. If Retest neckline and hold. it may give marked target to validate this pattern successfully.
VIEW NEGATED BELOW - 499 (DCB).
Holding Period - 6 to 9 Month.
BHARTIARTL: Buy: 430; T1: 480; T2: 560; Sl:394; modified at 405;
It bounced back from long term channel support and the 2 strong green candles implies complete buying of stock.