Purvankara-A beautiful chance for 2x returns!Realty sector is booming with most of large cap stocks already crossing its ATH levels.
Purvankara projects is one of the best trade in realty sector which can give you 2x returns from here.
Stock had given volume breakout and has retested its breakout last week.
If we see a continuation move from here, big targets can be expected.
Please note that realty sector is a risky sector and most of companies have high debt policy , hence safe investors should prefer to stay away from these companies.
However, trading in these companies can give good returns when sector is booming, so book your profits if it is a trading bet.
Purvankara
PURVA Analysis & PredictionThis is the analysis of PURVA in Daily Time Frame. Watch carefully. The chart explains itself.
The stock managed to break the 2 YEARS HIGH with volume. It can retest the breakout level. If it will sustain above the breakout level, it is good for the stock. Generally Multiyear Breakout is a bullish signal for stocks.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About PURVA :
Puravankara Ltd. engages in real estate development. Its projects include Zentech Business Park, Purva Meraki, Lakevista, Orient Grand, Park Hill, Celestial, Hibiscus, Bluebelle, Oakshire, Aerocity. It also focuses on ready-to-move (RTM) properties. The company was founded by Ravi Puravankara in 1975 and is headquartered in Bengaluru, India.
PURVA - Ichimoku Breakout📈 Stock Name - Puravankara Projects Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 295.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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Purvankara On a Bull or Not ?If Breaks Then The Targets can be Taken at 108.95 .
Time Frame :- 1 Day
Patterns Name :- Double Bottom
Symbol Name :- Purvankara Ltd
Based on Your Own Risk this is only to Show you the Current Pattern .
We are not responsible for any profit or loss .
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PURAVANKARA - Bullish BreakoutThis realty stock has shown a breakout with decent volumes.
Considering that realty is the flavor of the season, coupled with trend and technicals suggest that it can be bought for a target of 134 if it crosses and sustains over 118.
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Long term Fundamental Stock OberoiOberoi realty has quite a brand name in Mumbai and its projects always attract a premium. After a great annual result with over 50% sales increase the price zoomed 17% in one day. The stock continued to show strength with steady increase reaching 360 levels. That is a annualized 70% return. However post demonetization saw a strong correction retracing to 260 levels in 11 trading sessions. After which the price is showing a slow but steady rise.
Fundamentally the stock is great with an CAGR of 20% over 10 years and a slew of under construction projects in Mumbai. Also they are extending to Noida and Bangalore. Technically at the current levels both the MACD and Stoch are showing oversold. This is a good opportunity to begin adding this to your portfolio. Recently there has been a number of bulk purchases in the open market.
I believe, in the next 2 years real estate stocks such as Oberoi will give excellent returns.