TCS has broken down and i have attached levels from where it could potentially bounce. If you notice the friday gap down open also bounced right off the most key Fibo level.
So be cautious before just buying the stock believing these are absolute safe havens.
Another Safe Haven among most people. Its doing a breakout retest. Its key for al bulls in this stock that it bounces here.
357 would be a key level.
Below that i could fall a further 10-15% more atleast.
Everybody i know and everybody i don't know has surely been buying HDFC bank on the dip all thru this correction saying HDFC bank is a Safe Haven. But is it really?
Will be a long term breakdown below 945 and could potentially open up for upto 790 levels in a bad case. So be cautious and stay vigilant below 945.
Below 945 short term it could do 908 and then...
Watch this stock. I have been targeting a price of close to Rs 1000 where i'd like to enter and sit on the co as a long term investor.
If this breakdown pattern plays out the fall could be steep, fast and brutal.
Watch this space. Keep stock on watch list.
With new capacities in carbon black coming online which can be used by tyre manufacturers and some of India's top type players coming up with new capacities this stock could potential start to consolidate at these levels before moving up.
Wait for a confirmation candle next week, if its a green one it could confirm the bottoming out. I would buy it on an SIP...
Maruti pays royalties and other payments in YEN. As the yen weakens more against the USD than the INR they will have to pay less to the parent company.
Watch this space and the maruti stock to see the added benefits.
This along with a favourable scrappage policy could be great news for the Maruti stock.
A darling of many people who like buying PSU's and highly recommended by several analysts as well.
The stock looks like it could complete a c&h pattern and breakout. Buy only above marked price.
Additionally don't buy in one go but slowly coz its a stock in a stressed sector and failure is very possible.
So as it moves 5% up keep adding would be something i...
Company gave good profits in q3. With Dmart at crazy valuations, this could be the next retail stock chased by smart money.
Its had a breakout retest + broken out of a downward channel. Additionally now forming higher highs and higher lows.
This one seems to be one worth catching early before it catches fire over the next couple weeks.