every auto ancillary specially tyre stocks were beaten down in last 2-3 years except MRF. keep it in watchlist and buy it around 32000. in this madness, you think of a price & it comes.
Gillette India coming down from its lifetime highs gradually to fill up the gap created in 2018. Hence proved that gaps are sooner or later filled. #virginpriceaction
buying levels for Maruti are in the range of 3800-3000 because I'm comparing the ongoing correction with 2008 crisis..that time it corrected almost 70% so starting from peak of 10000, this much correction is warranted. this whole theory will be proven wrong if there's GST cut in auto sector or demand improves exponentially and this probability is minuscule.
Its all set for its downward journey. 380-340-280 are the levels with strong support. one should be a buyer around 280. no longs before that. lets see how the business gets hit by COVID19 in this quarter.
looking at the intensity of sell off today, I'll deploy cash in nifty ETF at around 10800 then 10400 and last 10000. after that I'll wait for trend reversal. but do continue your SIP and buy quality stocks. if not buying then atleast don't sell your holdings in loss.. sooner or later markets will resume uptrend.
on charting 5yr & 10 yr trends, 10800 and 10000 can't be ruled out in near/distant future. keep buying in staggered manner for wealth creation. but the trillion $ question is, will COVID19 be that catalyst for 2088-2009 like fall
it has been oscillating in between 700-760 from last six months. one should sell on the higher side with strict SL and buy on the lower side of the range for positional trades. and for investment add around 710 and 640. one can also buy aggressively if it crosses the higher end convincingly.
its again trading in a range of 235-245. was hoping for a breakout but has gone sideways. wipro will be bullish above 260 and bearish below 235. position yourself accordingly.
its a buy for sure tomorrow on budget day as ITC shows extremely volatility. good chances of getting it in the broad range of 220-230. use them for long term and worst case on downside is 200. there's tremendous demand in the range of 225-230. don't miss it.
there's been a massive sell off taking the toll on the downside to 17% from all time high. either one can wait for trend reversal or start buying small quantities for long term. it could underperform or remain sideways or quite some time. but its worth taking a risk and start buying.
EITHER IT WILL TAKE SUPPORT IN THE RANGE OF 30500-30400, IF NOT THEN 1ST TARGET ON DOWNSIDE WILL BE 30000 AND THEN ANOTHER 1000 POINTS IN A WEEK OR SO.
it will be an excellent buy in the range of 8400-7400. till the accusation by Hindustan uniliver is not complete, I think it should oscillate in this range and ultimately your shares will be converted to Hindustan uniliver. it will interesting to see how gsk consumer utilises the cash on its books before the accusation, a hefty dividend or something else.
