Do you really need this garbage in the portfolio ?
After the H&S of last year, Silver has been bearish. It has yet to touch the target price of $19, which looks like a certainty now.
Any reason why the drop should only be 20%. I feel absolutely not. It has hallmark of a very badly run bank. Greed is the word I guess. Moneycontrol should be taken to court for spreading lies last night about RJ/RKD stake in the bank. These morons just go scot free everytime becuase SEBI is staffed with nincompoops. Let it go Yes Bank way and pay the fat bankers...
MCAP : 8672 CR TTM NP: 508 cr Trailing PE : 17.1x The new results woulsd be in the region of 105 cr, pushing the ttm Net Profits to 506cr and PE to 16.2. The channel set up since Mar 2021, is very attrractive. The cup like formation is even more convincing. Much better play among the Infra companies like KNR or GR Infra.
Great Set up. Channel since April of last year. Currently at the bottom of the channel, and indicators going ballistic.
21x in 7 years !! Pharma companies on the rise, so is this small pharma company with an household product. Claim to fame : Burnol Maker.
Resistances Galore. Nearing Overbought zone. Could touch 1095, however possibility of touching sub 1000 is higher, sooner.
HDFC reached its ATH in Feb 21 at 1640. Since then it has shed nearly 12% and is trading at 1440. At the current levels it is forming a H&S pattern. The Squeeze momentum indicator, MACD, RSI , Stochastics all are signaling a continued drop in prices. My immediate target is 1350.
CMP 669 Good likely opportunity to Buy at Rs 620. Wont Go Short here, though its 7.5% downside from here. The upside potential from 620 levels seem enormous.
It has been lacklustre since touching the high of $ 30 a year back. It traded in the 22-30 for a year. With a decisive break of the 200DMA on Friday at $25.7, it would have given sleepless weekend nights to the Silver Bulls. The GANN Fan lines and Speed resistance lines are also not signaling any smooth up-move in the near term.
June was a brutal month for Golf bugs. The Inflation news along with political developments stopped the rally of April -May, which resulted in Gold posting again of 14% in 2 months. Trend is bullish for Gold, however 2-3% slide cannot be ruled out from 1810 levels. 200DMA resistance at 1825, is important to be monitored before any fresh long buying.
Yes its DLF...could see a bounce from 140 onwards