PSU company vs Nifty 50 trend PSU companies about to rallying
ONGC,GAIL,COAL India,BHEL,BPCL keep on radar.
PSU
PNB – Accumulation Phase with Volume wait for breakout.Entry – above 42.55 only (else Stock is in Sideways Trend)
Stop loss – 33 (Trailing Stop 39.5 after Price gives a run up)
Target 1 – 59.7
Target 2 – 85.4
Duration – 1-2years
Fundamentally, No one knows how to value Public sector Banking Stock. And PNB had a Bad history with Nirav Modi Case. So No one knows Quality of Loan book.
Technically, Good Accumulation is seen in this script around 33 to 39 levels. However selling Pressure seen around 42.55
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
PTC "LONG"PTC making broadening top pattern , It recently broke the three year resistance line with good volume and Sustaining . Buy it for immediate target of 100-102 till the resistance line.If it breaks it can move toward 107
Warning: This idea is only for Educational purpose . Please do your own analysis or consult your adviser before putting any money.
NLC India Buy on Dips, will touch All Time HIGH!NSE:NLCINDIA is a fresh new Breakout stock and near term target is Rs80+
COAL INDIA : BullishWith the formation of inverse head and shoulder coal india looks good for medium term investment. One should buy the stock on current levels with SL of 135 for target of 175/200/210 . Sustained move and weekly closing above 155 will be a good sign for stock to get more strength.
BPCL : slow and steady one for portfolioIt is retesting the latest breakout on weekly charts. One should look for adding it on all dips in the portfolio for a 4-digits target.
STATE BANK OF INDIABEST GOV. BANK NOW ON REVERSAL SO ADD IN YOUR PORTFOLIO FOR SHORT TERM THE FIRST TARGET IS 376 , SECOND TARGET IS 388 THEN AFTER 403 AND 420.
NOTE :- SHORT TERM ( 2 DAYS TO 3 MONTHS).
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BONUS DAILY SWING CALL // Wed 17th of February 2021 / PSUBNKBEES****SPECIAL TRADE****
This an ETF which is linked with PSU Banks, If you wish to benefit the current PSU Banks Rally and want to ride the wave. This is a perfect trade. You can Swing / Short Term / Long Term on this trade. We will navigate you through the trailing SLs and Targets.
BONUS DAILY SWING CALL // Wednesday 17th of February 2021 / NSE:PSUBNKBEES
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 26.65
TARGET: +30.5 (15% Around)
STOP LOSS: 23.95 (10% Max)
Standard Notes:
- Please follow the Stop Loss strictly and preferably on a daily closing basis.
- Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period.
- If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed.
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
BIG BREAKOUT AWAITS | PRIVATISATION | VALUE UNLOCKING This stock is just on the verge of a big breakout on it's weekly charts but that's not all it is one of the contenders to be in the next list of the companies to be privatized by the government, company looks really sound in it's financial statements too and all of these points make it loo really good to go from here. It has been an underdog from so long but now is the time for it to show serious bullrun. Just make your strategy follow the stop-loss and cash in.
CLEAR BREAKOUT OVER WEEKLY CHARTS!!!Stock has given a significant closing in today's session which sets slightly above the breakout levels, it is highly likely that it will give big bullish move from here so, a long call is recommended with respect to the stop-loss and targets.
POSSIBLE BREAKOUT OVER CMP!!!Stock has given a crucial closing in today's session and has almost confirmed an inverse head and shoulders breakout on weekly charts. Stock can really show a big move from here as all the PSUs are going through rerating and this can be a very good play considering this rerating theme. A long position is recommended with respect to the levels mentioned on the charts.
ANOTHER INVERSE HEAD AND SHOULDER, POSSIBLE BREAKOUT OVER CMP!!!Stock has struggled to give closing on these levels but has finally given in today's session. this is another play to capitalize on PSUs rerating theme. Stock can show some good aggressive bullish move from here so a long position can be taken keeping the levels mentioned on charts in mind.
BHEL : Bullish breakoutafter a long consolidation, stock has given a breakout & is ready to move towards 50/55 target area. Stop loss should be below 44.
BPCL LONG....Above 410
Target 439-470
Weak below 355
above all important moving average
Volume contraction from past few days
BHARAT ELECTRONICSIt is on the verge of an IHS breakout in weekly time frame above 112. V good support between here to 95. The Inverse Head & Shoulder upside levels are 150 / 175 / 200 over the medium term.
Indian Oil Break OutIndian Oil has given a breakout (though not very convincing due to lack of a big candle) at the resistance of 94~95 level. The short term target should be 98~100. The midterm target should be 104~105 and a long term target of 115 can be thought of for patient warriors.
However, option chain analysis shows a huge no. of calls (big resistance for this month) at the level of 100 and supports based on PUTs can be identified at 90 and 85 (more PUTs at 85 as compared to 90). Let's see how it unfolds. Disclaimer: I am new to Option Chain Analysis :)
