Trading in good position now.... Near support good risk reword
Buy NiftyIT or avarage it you can get 10% in short term and 30% in mid term
Nifty it shows 10% up move potential in short term and 37% up move potential in medium term ( 6 months - 8 month)
Good fundamentals with good price Target - 30% from here
Target - 5% from breakout conformation Stoploss - your own wish Good company with strong fundamental.
We anticipate a 5% increase in these stocks from here, but please do not invest more than 5% of your total capital in these stocks at this time.
Investors are very bullish on the IT sector after TCS's positive results, so you can target 5-7% in Wipro if the results are positive ( maximum chance to be positive result in all IT companies).
In 5 months, we expect ONGC to rise 15% (approximately) from its current price. Invest - Max - 10% of your total capital in 4 chunks.
Add Aarti Industries to your watchlist and wait for the quarterly results. If the results are good, enter and take a 5% target.
Don't panic if you have Godrej Consumer in your portfolio. Why is the stock price falling? The stock price is declining. Because Godrej Consumer's management recently published a report in which they stated that "may be in Q2FY23 EBITDA margin can go down due to commodity price and inflationary pressure."
Bank of Baroda is one of India's largest PSU banks; we have a buy call on the stock because it is currently undervalued; our target price is 177-180 rupees in 12 months; and their NPAs are decreasing, which is a good sign.
Personal, I am waiting for MARICO to drop below 510rs in the near future for my first entry into the company. Marico has a complete dominance in the oil industry, and right now, Marico is heavily focused on their Saffola brand, with an aim to generate 850cr in revenue from the brand. And the earnings from saffola in 2022 is extremely strong and expanding.
If the 20 SMAs cross the 50 SMAs on the downside, it's a good opportunity to buy Wipro, but don't forget to check the RSI. If the RSI is higher, wait or invest a small amount for tracking.