Bank Nifty Tips:- Bank Nifty Bloodbath Continues.

Moneyites February 29, 2020 No Comments

Nifty Tips:-

Bank Nifty:- The NSE banking Index continues its sharp fall on Friday and closed at 29174.15 down 1039.85 points. The banking index open gaps down and forms an aggressive bearish candle by the day close.

The banking index finds immediate support at the downward trending support line of the declining channel. The break down of this support line may show more downside to the level of 28700-28400. Whereas it has the nearest resistance at 29450-29820 level.

Nifty Tips

 

For Nifty Tips click here:- Nifty Tips:- Nifty50 Vulnerable to Coranavirus Impact.

 

Nifty Tips:- Nifty50 Vulnerable to Coranavirus Impact.

Moneyites February 29, 2020 No Comments

Nifty50:- The NSE main Index Nifty50 continues bloodbath and falls 431.55 points to 11201.75 on the last trading session of the week. The Nifty50 index corrected 878.25 points overall in the week marked as the biggest weekly losses to the index in the year 2020.

Coronavirus Spread:- The Spread of Coronavirus outside china relentlessly causing uncertainty in the market and we know the market doesn’t uncertainty.

In the coming week, Markets expected to remain weak and may continue to trade in a downtrend. Nifty 50 finds immediate support at 11090-11000 level below that downside open to 10700 levels whereas Nifty50 nearest resistance placed at 11320-11520 level.

For stocks Tips click here:- Stock Tips:- Apollo Hospitals

Stock Tips:- Apollo Hospitals

Moneyites February 28, 2020 No Comments

Stock Tips:- Apollo Hospitals 

Apollo Hospitals Enterprises Limited Share price making higher highs and higher lows, But in today’s trading session the price action forms a long bearish candle and closed below the support line. The stock price seems to top out and some more profit booking can be witnessed in the coming time.

So a sell position can be initiated at 1755-50 level for the downside price target of 1710-1660 with a strict stop loss of above 1785 on a closing basis.

Stock Tips Apollo Hospitals

Stock Tips:- MFSL

Moneyites February 28, 2020 No Comments

Stock Tips:- MFSL

MFSL (Max Financial Services Limited) stock price confirms a double top pattern on an hourly chart and price closed below the support line in today’s trading session. The RSI indicator at 44.53 again confirms weakness to further continues in the coming time.

So a sell position can be initiated at the current level for the downside target price of 525 with a strict stop loss of above 610 on a closing basis.

Stock Tips MFSL

 

Stock Tips:- Mcdowell

Moneyites February 26, 2020 No Comments

Stock Tips:- Mcdowell

MCDOWELL (United Spirits Limited):- In today’s trading session the stock price breached the support line of short term uptrend and closed below the key support level.

Mcdowell’s stock price has closed on a weak note and expected to continue the downside in the coming session and so a short position can be initiated on the rise in the stock for a target price of 665-640 with a strict stop loss of above 703 on a closing basis.

Stock Tips

 

STOCK TIPS:- HAVELLS

Moneyites February 26, 2020 No Comments

Stock Tips

Havells India Limited:- The stock prices seem to bottom out after the deep correction. The stock price is now in the consolidation phase and forms a double bottom whose close to a breakout.

Havells India is a short term buy call at 640-45 level with a price target of 660-670 level with a strict stop loss of below 629 on a closing basis.

Free Stock Tips

 

Stock Tips on 10-02-2020:-Voltas Limited

Moneyites February 8, 2020 No Comments

Stock Tips on 10-02-2020:-Voltas Limited

Voltas Limited is specialised in air conditioning and cooling technology.

Voltas stock price has long term positive trend. In its previous bull rally, the stock price surges 500 to 725 from Feb to Oct time frame in 2019.

Since its previous high of 725, the stock price remains sideways and it is now forming an inverted head and shoulder pattern on the chart whose right shoulder is in development.

The recent correction from 730 to 670 level forms Flag like a pattern that is again a continuation pattern. That has given breakout on the last trading session and closed above the resistance line.

On the daily chart, the stock price forms an aggressive bullish candle with a higher volume. The strong momentum seems to continue and may take off the immediate resistance of 730 in the coming time.

Stock Tips by Moneyites.com

Stock to Buy Today:- Overall the price structure is looking positive, So buying on the current level and adding on dips at 690-695  for a price target of 760-800 with a strict stop loss of 650 on a closing basis.

 

Stock Tips:- EICHER Motors on 07-02-2020

Moneyites February 6, 2020 No Comments

Stock Tips:- EICHER Motors on 07-02-2020

EICHER Motors:- Eicher Motors Limited is a large-cap company from the auto industry.

In intraday trade, the stock price closed 4.64% up at 20391.20 after reporting the quarterly numbers which remain flattish.

In a longer time frame, the stock price corrected more than 50% from its all-time peak of 33480 and thereafter remains sideways. The price action is in the formation of an inverted head and shoulder pattern, whose right shoulder is due to complete.

The stock price forms a falling wedge pattern whose resistance line has multiple resistance levels. The price action forms an aggressive bullish candle supported by the strong volume and if continue to do so may take off the resistance in the coming time.

Stocks To Buy Moneyites.com

Stocks to Buy Today:- Overall the price structure is looking positive, So buying on the current level and adding on dips at 19900-20000 for a price target of 21200-22200-23200 for 3 months time frame with a strict stop loss of 19200 on a closing basis.

 

UBL, Short-term Trading Stock Tips 06/02/2020

Moneyites February 5, 2020 No Comments

UBL, Short-term Trading Stock Tips

UBL:- United Breweries Limited is a large-cap company that has a core business of beverages.

The share price closed with the gains of 1.95% at 1313.05 in today’s trading session.

The stock trending in long term uptrend. The price action corrected from the all-time level of 1485-90 in a downward trending channel pattern around 200 points and it is now trading sideways with positive biases.

The stock price breaches the resistance line of the downward trending channel pattern and closed above it. The volume seems to remain normal in the counter.

Stock Tips

Overall the price structure is looking positive, So buying on dips at 1295-1305 for a price target of 1355-1410 in a one-month time frame with a strict stop loss of 1260 on a closing basis.