ABIRLANUVO perfect balance sheet company. The company will be in the correction mode now. One can buy it at the level of 1331 with the target of 1450 in coming days.
Even RSI is showing overbought as of now.
The level of IDEA is very crucial here. One can buy from here and add at the level of 70 with the target of double in 2-3 months. The company is working very effectively. The financials are strong to take the company above.
Initial target of 122 can be achieved very fast.
RSI of the company is very low ie. only 18 which is good sign.
PCJEWELLER is opening more and more new stores which help them to gain movement in market. The fundamentals are strong. The near support is available at 415 and resistance at 460. GO LONG with pcj. If it gives breakout near before such level it create new highs for investors.
With the recent news of merger of adityabirla Nuvo - ABIRLANUVO and GRASIM sentiments are hurt. The Big Players are getting replaced with this decision. Both the stock will go down technically, however, the business model are similar and hence will help the company as a whole. Particularly Second quarter results or Half yearly result of the merged company will be ...
Wonderful breakout was observed in APOLLOTYRE. The same trend followed. Touched Support 1 level and again Resistance 2 level same again and again. The Stock is in correction mode, once it is settled, it may make a new high. The RSI is also following the same pattern.
Very soon we can see 200 level in APOLLOTYRE... but before that 160 level which is again a S1 ...
The bank nifty which is considered to be most volatile in market can be tracked in above given channel. The Bank nifty is in consolidation mode which specifies that it ill rally to particular point and fall to particular point. The points are important to be identified.