Delta corp is in continuous uptrend since July 2022. We can accumulate this stock in the range shown by rectangular box. Risk seems less as we can see a strong support from trendline stock is following since it has given a strong reversal. Stop loss can be put 2% below trendline. Potential targets- 270,300.
We can initiate buy at 460 for an immediate target of 530 i.e. around 15%. Stop loss can be put at 437 below the support area(5%). Idea behind the trade : Stock is moving in a channel and currently the price is at lower range of the channel which is providing us a very good risk reward ratio. Instead of booking profits at 530, we can also trail our stop loss...
Stock can be bought at 295 for immediate target of 345 or 17%. Stop loss can be put at 278(5.5%). IDEA behind the trade - Stock is consolidating at the support area with institutions entering silently. Supporting points - DIIs and FIIs are increasing their stake since last 4 quarters. Price is consolidating above supertrend on weekly timeframe. Also, risk...
DLF Ltd. is trading at a very attractive price and RSI has also crossed 60 on the last trading session which is a bullish signal. Technically the charts looks good as it's making a rounding bottom pattern on higher time frame. One can make an entry according to levels provided below- ENTRY- 345 Stop Loss - 327 (5.22%) Target Price - 390 (13%) Risk to Reward...
Hathway Cable & Datacom Ltd is an Indian cable television service operator based in Mumbai. Company's future is very bright and a very big hand, i.e. Reliance Jio Infocomm Limited (JIO) is having a big stake of 53% in this company. Also, FII's has increased their shareholding from 3.28% to 5.84%, and DII's from 5.62% to 6.96% . So concluding, both Fundamentals and...
On 18th August 2021, Happiest Minds has given a breakout of Bullish Pennant Pattern. Entry - 1450 Stop Loss - 1400 (3.45%) Target Price - 1700 (17.24%) Risk to Reward Ratio - 1:5
Keep an eye on Spicejet as it trading inside a triangle and if it breaks on either side on a closing basis, can give good profits in very short time. I am expecting it to break on higher side as corona cases are decreasing in India and people are coming back to normal life. If it breaks on higher side, then, First Target- 108 ( Recent High) Second Target - 120 (...