Stock has broken the falling downward line, with a strong support near 1300 levels and good volumes. also it has come above 20 DEMA. Long position can be taken with a stop loss of 1300 on closing basis for a target of 1400, 1450.
In recent correction of market the stock has broken 100, 200, EMA and taken support near 1720 levels. heavy constituent in bank nifty, SIP is to be done from these levels on a weekly basis. Good returns shall be generated as stock gains 100,200 EMA for an ultimate target of 2000+
IEX has taken previous supports in 220-230 range, same has been observed again, once stock closes above 258 i.e. 20 DEMA, long trade can be initiated for a first target of 275-285-290 with a stop loss of 242.
Nifty broke 100 EMA, with a big fall, heading towards 16400, with RSI around 29.Can 200 EMA act as a support 16250 levels, please feel free to input your views.
The stock has corrected almost 10-12 % from recent highs. It is heading towards 700-710 levels which seems to be a buying zone as earlier the stock has repeated the same pattern. It can be accumulated between 690-720 with a stop loss of 660 for a target of 800. Fundamentals of company are strong and also LIC has increased the stake in previous quarter by 0.11%
Buying zone spotted in Bajaj finance. after downgrade rating by Jeffries stock showed a 10% correction. In today's volatile market stock is still holding in green, buying zone is spotted in the chart with good volumes, time to accumulate in 6900-7000 range with a stop loss of 6800 for an upside target of 7250-7350.
The stock is forming higher lows, with entry in the MSCI and strong stake buying by Morgan Stanley great movement is expected. Also with opening up in domestic travel, catering services upcoming results of the current quarter is expected to show a better growth. Stock is facing consolidation right now and upper band resistance of 933 which is the first target....
