HDFC Ltd is now venturing around some very crucial support. The last line of defence for bulls in this co will be 1465/1475. Below that things could get messy in this co. Watch this space. Below that price it could fall sharply to 1350/1300. Regarding bouncing at said price which is also possible, i think that would be more linked the a news based move. Or if...
Next Stop 830. SL 3% below entry price.
Between CMP and 145 SBI is in critical support zones. The stock needs to rebound else its going to be very painful going forward. Not a buy until there is a bounce around this zone which has been a support thus far. Also its not a sell right now until it does below 145. But surely watch list for both sides. Watch this space keenly.
Below 16200 price could fall to 15700 & then maybe 15100. SL 16350 or 16550 depending on which target you are aiming for. Ideally 16550. Enter only if markets down and price falls below marked price.
Below 875 stock could do 844 & 808. SL 885. I last week too shared a short trade on this stock and if your onto that you can just continue holding the same.
Modi's Make in India focus would benefit this company significantly. From focus of making in india + being in the defence space. Technically its at a long term support. 200MEMA is holding (Although it can be revisited at the end of the month). There is are +ive divergences on all timeframes. Being skeptic on PSU's normally, id look to SIP into this stock as...
A popular hospital chain in South India, which got an investment of 140cr for expansion. Been used by the state govt to handle the covid cases. The price could move to 18.60-19 in the next term. At that price it also forms an inverted H&S. Another technical indicator which indicates big moves is convergence of the moving averages. Volumes are supportive of a...
Long above 220 for a target of 235. SL 215. Trade triggers only after price crosses 220.20. Don't preempt it.
HUL is currently in the key support zone. As long as it holds 2025 its bullish, if it breaks below 2025 it could easily fall to 1900 and below. Don't buy every dip. If someone does short it below 2025, keep a SL of 2% above shorting price. (Ps: All prices quoted here are spot prices)
I know you can't short this stock and i wish there was a borrowing mechanism where we could do that, but SBI Cards below 540 could retest its recent lows and even likely make a new low. So if you've recently got the stock and don't want to get caught in the downtrend keep a SL of max max 535.
If ITC falls below 155 it could go to 150 and then a lot below. <-- Short term view. Long term view... Personally i am waiting for a sharp fall and an announcement of increase in taxes on cigarettes which could lead to a major fall. Thats when i would look to buy the stock because ITC will pass on all tax hikes. Its a debt free company which generates huge...
Short term stock could reach 337, if it breaks below 337 it could fall down a lot more. SL above 353.
A stock I've been mentioning for a while now. Now its even more in the news by not being in the news directly. Jio is raising money at sky high valuations, Airtel should get rerated too. Not only does it have a telecom business, it also has an african telecom business and also own a lot of telecom assets (towers). Value the business accordingly. Big players like...
Look to buy around 254-250 as a potential bottoming out candidate. As its a bottoming out candidate the SL for such buy would by significantly lower. So SL around 245-240.
Maybe a small pullback and then another attempt at the breakout. Next time it crosses 2560 go long with a SL 2% below. Disc: As i am biased towards a pullback in markets i am expecting a small pullback first.
Tata's FMCG company after merging with a part of Tata Chemicals. One of the lowest valued FMCG companies. Have a small pullback bias so sharing 2 trades for this setup. Short at CMP for target of 323. SL 362 If SL gets triggered buy above 365 for target of 400. Long term bullish, short term fancy a pullback Disc: I own this stock in my core cash portfolio.