Tata Metaliks stock been correcting from last 2 years and is at strong support and looks good for next two years. With risk to reward ratio 1:2, stock looks to hold for next 4 years down the line. Buy - 750-775 First target - 950-975 Second target - 1260-1320 Stoploss/Average - 460-500
Relaxo corrected about 40% from ATH and consolidating since Nov' 2021. The stock is trading at support trend line drawn from July 2017 and the stock price never broke the support line from last 5 year. The stock bounced back 10% from the 54 week low and will be testing the support line at 760-800 levels in the coming months. With the stop loss of 20% one can take...
With cement stocks trading near upper trend line which makes the sector to be more promising in the short term. ACC ltd being one of Adani's which will be having high speculation and stock have undergone huge correction of 35% from ATH. ACC stock has a high potential for short term as the stock is trading at same price as of 8 years back. The stock has a good...
United Spirits chart pattern looks very good to hold on for long term (next 4-5 years). Even though stock is looking for a small correction of 10% and to trade in sideway range of 10% levels up-down in short term and is a good to hold it for long term. Stock have a strong support at 500 levels which is 30% away from current level and it will be good to go for 1:1...
Hatsun is in the correction since Sep' 2021 and is at strong support zone currently. Even the 850 levels are broken this stock has another support at 725 levels. The current support levels will be tested for next month and if the stock cant hold it,725 levels can be a good buy(or for averaging for the 850 levels). If the levels break down the 600 levels can wait...
Stock got strong bounce from 140 levels and have a strong support at 160 levels. With 140 as stop loss can go for target of 200 with 1:2 risk to reward ratio in next one year of time. Buy - 160 Stoploss - 140 Sell - 200 -250
NIFTY looking very strong for the January period of 2023. With the strong support at 17800 region can expect it to reach 18400-18600 and get stable at these range till February. BANK NIFTY at upper breakout will push the NIFTY to upper break out region and any strong news on Indian Market, we can expect the Indices to reach 5-10% by the half year.