Wipro is good with its fundamental and it is supporting the trendline from last 11 years. and you can also see price action(rejection) show a long opportunity .one can invest in it for 2 years from 2020 to 2022 with expected target of 330-370.
GAIL Chart looks good for upside in the short term. Fundamental reason is forming a hammer on daily and weekly candlestick charts and holding up well in the falling market.
Grasim is at strong support currently.
Keep it on Radar for 400 - 410 - 425 +
Considering all global markets are positive today, incase if tomorrow opening is +ve , clearly bounce back is expected.
However incase if falls from this level ... next support is at 347.
ITC is in a long term Accumulation zone of pricing from 180 - 142 levels, However one should consult their financial advisor before making any decision to buy or sell equities
Conjuncture
As Coronavirus seem to have reached in the EU what looks to be so far its "propagation ceiling", the US is being rapidly contaminated with the virus; their extremely precarious healthcare system worsening the spread by making it increasingly harder for people to get tested. The US spread, being late of a week or two behind the EU, still has lots of...
HDFCAMC
daily breakout.
Good to add around 3285-90
for the upcoming levels of 3450+
Good to hole for long term positional may be next a bajaj finserv in coming years.
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Hi Friends,
As per chart pattern, Buy possible above 347 on closing basis only with SL 321~ 320 and Target 355, 360, 370 / 374
(Targets possible after stock trading above 347 and sustain only).
Posting for Educational purpose only
Closing Basis means: Stock should be trade above 347 from 3.15~3.30 pm as well as close day >347
TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 30 to 50 times.
This is how IT Stocks act they just keep on trending and will move up,up,up.
These IT stocks are gems (TCS, INFY, HCLTECH, TECHM,WIPRO) and must have in your portfolio.
Do SIP in these kinds of stock apart from investing in Mutual Funds.
IT industry will grow no matter what happens. If in doubt see the progress of US IT companies (MSFT, GOOG, FB)
