BUY at CMP of 48 .
NO STOPLOSS and keep accumulating if it goes down.
SELL at 100 by next quarter.
(The current PE of this stock is 1.6 as compared to its peers which have 10 and also it has a market share of 10%).
We picked one stock from the IT sector and it is showing the potential to reach 1000. Below is a monthly chart of TATA Elxsi, the stock had made first shoulder & head and now it is completing the second shoulder. We are expecting a rally of 110 points from current levels i.e. level of 1000 and that is the next resistance. Also, plus point is a dollar index and it...
Nifty formed a bullish flag pattern followed by a consolidation before a breakout to reach the top of the flag.
Further consolidation was seen in the ~11800-12000 range.
Nifty has witnessed a breakout from this range and is thefore expected to resume its upmove to the target of 12775 given the length of the Flag Pole.
This is ofcourse going to be a swing...
State Bank of India has had its Pennant breakout last week.
The pennant breakout is usually considered a continuation pattern although in this case it appears like a reversal pattern.
This short term breakout pattern could be a good LONG opportunity as SBIN reverses from it strong support zone.
Time your entry and enjoy the ride!
Hindustan Unilever has been consolidating in the form of an ascending triangle for more than a year.
This consolidation is now finally broken. I'l leave it to you to decide entry for this LONG journey!
Britannia has been in a nice and long uptrend over the last 5 years.
After consolidation, this stock now appears to have reached the strong support zone of this multi-year uptrend and has closed with a nice and long Hammer Doji.
At this point, it does feel like the support zone is strong and the stock will reverse back to its uptrend.
Its certainly worth...