It has potential to get double from here as fundamental of stocks look intact. Power demand is growing so does the power stock price. Could break ALL time high. Stop loss : Closing below 120.
AB = CD once the Descending triangle base breached, target for sell has to be AB = CD .
Target :- 420/480 SL: 240 (closing basis) Reason : Technically bullish and trading at support . Investment in OakNorth Holdings yields annualized IRR of 48% over 6 years. Has partnered with HDFC could turn its fortune.
Target : 34/40+ SL: 29 (Closing basis) Reason : Secured an Order worth 381 cr, Last quarter result was also good.
Comments : Global outlook is bearish, Almost all index has ended up or trading in red. Domestically things are tight due to surge in inflation , chip and coal shortage and all but upcoming festival could recover the economy significantly, so market may swing any way. Technical : After giving breakout of Ascending triangle, it does show the move of 200+...
Target : 900/950 SL: 770 ( closing basis) Reason : Ramkrishna Forgings has deliver a splendid quarterly result, this stock has potential to deliver the same. See the chart for more clearance approach.
Target : 172/200/ATH SL: 118 (closing basis) Reason : The government announced the framework for the implementation of Market-based Economic Despatch – Phase 1, a new set of reforms that will nudge the power sector away from power purchase agreements towards market-based price formation. The move is a shot in the arm of power exchange platform Indian Energy...
Target : 52/59/81/99 SL: 40 ( closing basis) Reason : Awesome result.
Target : 42 SL: 26.5 (Closing basis) Reason : Opening of Economy and upcoming festive season could light this stock.
Target : 243/265/288 SL : 220 (closing basis) Reason : Since Auto-mobile industry share has shown good move, expecting this to give breakout in coming days.
Target : 200/208/215/225/235 SL : 179 Reason : Exide Life stake sale boosts EXID balance sheet considerably, with overn Rs 60b worth of stake in HDFC Life now available at its disposal. With EXID possibly looking to invest in lithium-ion cell manufacturing under the PLI scheme, this monetization of the Insurance business could not have come at a better time.
Chart look beautiful for both short and long term. Target : 360 / 395 / 410 Stop Loss : 322 (closing basis) Reason : Did better than others in September sales report(register growth), EV segment register highest ever monthly and quarterly sales , Car and SUV demand seems robust.
Target : 350+ SL : 290 ( closing basis) Reason : Oil price on High , eyeing on Green power and green Hydrogen Opportunities, Participation in Ethanol Manufacturing plant to meet the 20% ethanol blending target by 2025.
Target : 530+ and Long term: 850++ SL : 395 ( closing basis) Reason : Increasing its foray into Ethanol Production, Govt. making mandatory to make flexible engine to support the Ethanol blending with petrol .
Target : 100 SL : 79 (Closing basis) Reason : Technically bullish , Ace investor has this stock in their portfolio.
Poised to break its all time high. 1yr long target : 850 Reason : Mutual fund raising stake , Realty sector has broken the 10 yr long consolidation.
Short to mid term target : 151/160/170 Long term target : 250/ ++ more Reason : Raised 18K crore , Making significant leap in Renewable energy sector, Technically bullish.
Target : 1500/1700 SL : 1280 (closing basis) Reason : Birla Corporation plans to nearly double cement production capacity by 2027. poised to touch the upper line of parallel channel.