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Made a bullish hammer on the daily chart and took support at the lower trendline, so, the upside is on the card for 135-140 odd level. Let's see how it behaves in the coming days.
Above 1400, it's ready for 6 to 12% up move in a week,
It's ready for 5 to 10 percent move 1130 in a week's timeframe.
A fundamentally strong share made a hammer candlestick formation on weekly chart ... expecting a strong price action in the coming week
A fundamentally good share... buy can be initiated.
A bullish reversal is expected in M&M. Buy can be initiated with a target of 550-560.
Buy can be initiated in Raymond, target 620-40
Indusind bank is at a good buying level. Target 1350-1400.
An undervalued stock can bounce from here. Buy can be initiated around 140-150, target 175-190.
A fundamentally strong share that is undervalued and near to demand zone. Buy can be initiated at 270-285. The target could be 325-350 first followed by 380-90.
Fundamentally a strong stock, now trading near to demand zone. Buy can be initiated at 195-200. Target 250-67
Buy Godrejcp with SL 590, target 660-730.
Venkys is at right entry-level. Buy could be initiated with SL 1370 target 1550 followed by 1750.
It will be interesting to see how a strong fundamental MNC pharma Glaxo behaves in the upcoming week. Already, it is corrected ~18 percent. Immediate support is 1310 followed by 1280 and 1260. The first target would be 1680-90 followed by 1748.
Buy Jyothy Laboratories Ltd. @140-144, SL-138 target 165-70.
Buy Bandhan Bank target 550-590, SL 410. Made bullish hammer on the weekly chart.
So it's could be a good shorting candidate...RSI is also supporting weakness
Good candidate for shorting...….