JMvalueinvest

JMvalueinvest Updated 

Balkrishna Industries is moving in a channel and has shown signs of reversal. Sell for 10% downside, target 1050, which is lower band of channel

JMvalueinvest Updated 

Nifty has been moving in a channel, and has today respected and held on to channel lows. Moreover it has filled the previous gap at 9600, which is also a good sign. One can choose to use dips towards 9750-9800 to go long with SL 9600.

JMvalueinvest Updated 

IGL has been moving in a channel and has taken support at the lower end of the channel. Buy at 477 levels for 10% upside, target 525. SL at 455, which is its 50 DMA.

JMvalueinvest Updated 

Infosys has broken a long supporting trendline. Can look to short below 700 levels.

JMvalueinvest Updated 

Asian Paints is forming Head & Shoulder pattern on Hourly chart with neckline at 1630. Short below 1630 for quick 100 points downside.

JMvalueinvest Updated 

RBL bank is consolidating to form the right shoulder of Inverse H&S. At CMP 112, stock offers excellent risk/reward. Buy for tgt 135/167 with SL 105.

JMvalueinvest Updated 

RBL Bank has given Inverse H&S breakout above 137, and is headed for target of Rs167. Buy at cmp 141 for 18% upside. SL at 122.

JMvalueinvest Updated 

Buy CNX IT at 13314, with SL of 13000, for upsides of 8-10%. Alternatively, one can buy Infosys/TCS which are the key constituents of the index, contributing over 70% weightage.