BUY BHEL AT CMP FOR 71 LEVELS. 1) TRIANGLE PATTERN BREAKOUT 2) BULLISH MARKET STRUCTURE 3) TRADING ABOVE ALL SMAs. FOLLOW ME FOR MORE SUCH BUMPER TRADES.
TATA MOTORS(D): CUP AND HANDLE FORMATION. CMP LOOKS GOOD FOR SIGNIFICANT UPSIDE(31%). HOWEVER, ENTRY CAN BE MADE AFTER BREAKOUT WITH A TARGET OF 400 LEVELS. CHART IS SELF EXPLANATORY.
Buy NMDC at CMP for 212 levels, horizon: 4W, all oscillators are positive.
Buy SBIN at CMP for 510 levels. 1) Flag pattern breakout with pullback 2) Bullish Market structure 3) RSI Indicating price strength.
Outperformer - 1) Reverse head & shoulder pattern. 2) Punjab National Bank up by 7.5% v/s NIFTY 50 up by 4.29% in last 1 month. 3) The stock is in the Buy Zone according to its historical P/E. 4) Stock is trading above all short and long term SMAs. Targets are: 58 and 66 in medium term.
PNB(D): LOOKS GOOD FOR MORE UPSIDE. 1) CUP WITH HANDLE FORMATION 2) VOLUME EXPANSION 3) TRADING ABOVE ALL SMAs.
BOB(D): CMP LOOKS GOOD FOR MORE UPSIDE. BUY AT CMP FOR 99 LEVELS. CHART IS SELF-EXPLANATORY.
IGL(W): CMP LOOKS GOOD FOR MORE UPSIDE, ENTRY CAN BE MADE AFTER BREAKOUT. ALL OSCIALLATORS ARE POSITIVE, CHART IS SELF-EXPLANATORY.
MAHLIFE(M): Buy Mahindra life space for 45% upside.
Investment Rationale: 1) Trendline reistance breakout 2) Volume Expanison 3) RSI indicating price strength 4) Stock price < 2/3 Tangible book value per share 5) Unlock Theme. Targets: 321 & 416.
Buy KEC at CMP for 515 levels. Horizon: 6W. Chart is self-explanatory.
TATA STEEL(4H): 1) CUP AND HANDLE FORMATION 2) VOLUME EXPANSION 3) BULLISH MARKET STRUCTURE TARGETS: 1253, 1320 SL: 1046
All eyes are on Reliance's second virtual AGM that comes in the backdrop of world's worst coronavirus outbreak. India’s most valuable company is expected to give a glimpse of its 5G rollout plan, possible listing of its digital unit and a cheaper smartphone being developed with Google and many more. Technical view: Bullish Flag Pattern, Trading above all SMAs...
PPL has potential to deliver 15-20% return in short-term, with an initial target: 220, All oscillators are positive.
Raymond(D): CMP looks good for more upside. 1) Rounding bottom reversal, 2) Positive Breakout with Retest, 3) Unlock Theme 4) Stock price is < 2/3 Tangible book value per share. Disclaimer: I am one of those stock enthusiast who loves to trade, i am not an expert, the charts i post here are my records and practice. I reserve the right to be wrong.
Tata power(D): cup with handle breakout + retest. Buy tata power at cmp for 160 levels, all Oscillators are positive.
Buy Raymond at cmp for significant upside. All Oscillators are positive.
Swing idea: Buy tata steel for quick 15% gain, horizon: 21 days. Chart is self-explanatory.