Glaxo - CMP 1530
Target 1665 (2-3 weeks)
Stochastic RSI is getting started and just coming into the zone. should be bullish ahead at least with a gain of 5-7&% in a couple of weeks.
SL - 1490
UPL RSI (Weekly is below 30). It's a NIFTY 50 company. The RSI can't stay forever at that price and is sure to bounce back.
Targets are open 450/500 (a couple of months)
Let's keep stop loss of 6% @ around 480.
The 9 day EMA in Bharti Airtel is about to cross the 20 day EMA. If it does tomorrow it would be a good short term call. There could be a hurdle at 459-465 which once it crosses it should give us at least 485.
This is not my recommendation and just an analysis from me. Please consult your advisor before you make any investment.
The trend line looks to be set and Galaxy Surfactants looks ready to make an upmove. It may even converge to a smaller triangle but the next 2-3 weeks it should give an upmove of 10-15% in the range of 1800 to 1875.
The trend is an uptrend so we are also going in line with the trend. Trend is My Friend :)
Please note that this is my analysis and not a...