ICICI Bank has declared a solid set of numbers. ICICI Bank remains one of the strongest banks in the country. Technically also I believe that this is one of the strongest stock in the stock market. In my opinion, one can go long in this share above 940. Hold for long term if 940 is taken out.
Bata India looks strong with a reversal in place. Keep the stop loss at 1390 with targets of 1600 and then 1650. Stock looks strong on technicals and has good relative strength at the moment.
Nykaa has been continuously falling ever since its listing at a very over priced valuation. Everyone was bullish on it back then but no one thought about the risks that would be there if one were to get in at such a high valuation. Well past is in the past and now there are chances that this share might bottom out here. Wait for a reversal before buying.
ITC continues to look very strong. Stop Loss Levels revised. Short term traders Stop Loss: 370 Momentum Trader Stop Loss: 360 Momentum Traders who can handle volatility can keep Stop loss at: 345 Disclaimer: invested in the stock. Not an advice for you to buy/sell. Just letting you all know the levels as per charts. Do things according to your understanding....
Apar Industries is a solid pick with a darvas box breakout formation. Stop Loss at 2400, the stock continues to look strong and should be on every trader's buy list. Continue to ride the momentum.
Abbott India looks very strong on charts and is attempting a breakout at ATH Levels. If it sustains, sky is the limit. I also feel that the pharma rally has begun with a lot of pharma stocks showing momentum and strength in this market. Keep on radar. Buy above 22850 only and keep that level as stop loss.
Tejas looks solid at these levels if the breakout sustains. Buy only above the line (clearly marked). That line will then act as a stop loss (or support levels) and one can ride it for new all time high levels in my opinion. Looks strong.
It does look like this will be the bottom for Jubilant Foodworks, with a doji on monthly time-frame forming at a crucial level. Keep a track for signs of positivity next month. I like the business fundamentally and technically if this turns out to be the bottom, then it might turn out to be an easy outperformer in the coming years.
BCG is one share that was hyped in the Indian Stock Market by some famous names and all looks well when the stock runs up, the real test happens when issues come up and stock starts to correct. With no respite in this stock, many retailers will have to book losses. As per price action, this is the last level. Hence, this post comes as a reminder to always buy what...
Microsoft continues to look strong in this weak market. Keep a stop loss at $240 for targets of $340 in the coming months. Microsoft's stake buying in OpenAI has certainly helped the company in getting ahead in the AI race.
Vedanta looks in a lot of financial stress and shorters are now behind this stock. Coming days will be crucial and in my opinion, 250 should be kept as a stop loss in this share if you are already invested. Do not jump in unnecessarily.
The share of Biocon has been struggling for the past many months. It has corrected in an unprecedented manner. However, it has just come to a support which, if held, can be a good place for a reversal in this stock. Keep it on your watchlist. Support line is clearly marked in the chart.
Dreamfolks is consolidating well. Buy on breakout only. Keep the resistance line as stop loss for initial targets of 450.
The share of PB Fintech underwent a massive re-rating and it therefore, collapsed into a downward spiral. This correction has finally ended and we can probably see the most beautiful trendline in this chart. Buy for long term with a stop loss at 450.
It is time to buy Meta (Facebook). Keep a stop loss at $183 and go long. The stock was hammered a few months back but now is the time to add more in this counter. I already bought at lower levels and now looking to buy more myself.
Shares of Adani Wilmar have crashed and have broken the recent low as well. Be careful in this stock and do not enter until price stabilizes. All Adani Group Shares are under pressure due to the Hindenburg Research Report. Let us see what the developments are in the future regarding this fiasco. In the meantime keep it on your radar.
Adani Total Gas has also faced the brunt of the Hindenburg Research Report. Like other Adani Group Shares this share has also corrected. Wait for the price to settle. A support at 1970 looks good.
Adani Transmission looks weak like other Adani Group stocks. It has however started forming a doji and dojis can be a sign of reversal. We will have to see whether this stock can reverse or not. If it doesn't then it is best to stay out. If reversal comes in the next week then one can look to accumulate.