3 Stocks to watch out in the coming week

Moneyites June 8, 2020 No Comments

By Dinesh Sharma of Moneyites Global Research

In the previous week, we saw the Indian Equities has gained for the second consecutive week. The benchmark index Nifty 50 rose by 5.86% to close at 10142.

The Nifty 50 index expected to continue its bull run in the coming week as the current market rally supported by the broader market indices and FII inflows.

The Nifty 50 index has to challenge its 200 weeks simple moving average at 10352 and if the index takes off this resistance level we may see more upside to the level of 10500-10600.

3 Stocks to watch out in the coming week.

BPCL:- The shares of BPCL rose 3.46% to close at 369.60 in the last trading session. The price action has ditched the bearish trend and forms two bullish candles resemble a double bottom formation on the weekly chart. It is a bullish continuation pattern whose resistance placed at 375. The RSI indicator near the 50 marks has enough room for the upside.

The stock is on buying radar and if it takes off the intermediate resistance level of 375 on a closing basis may run 8-10% in the short run.

Stock Tips

TorntPower:- The shares of Torrent Power rose 5.71% to close at 344.55 in the last trading session. The price action has a breakout from the inverted head and shoulder pattern with a spurt in the volume. It is a bullish continuation pattern and the RSI at a reading of 71 signals strong positive momentum to continue.

The stock price if manages to hold above the level of 320 on a closing basis may head higher to the level of 380-400 in the coming time.

 

Stock Tips

UBL:-The shares of UBL rose 7.32% to close at 1017.05 in the previous trading session. The price action violated the resistance line of the ascending triangle formation and closed above it. The price rose on the heavy volume and closed near the day high on a positive note. The stock price may head higher to the levels of 1100-1140 in the short run. While the level of 950 is critical to hold on a closing basis.

Stock Tips

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:- 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.

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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.

 

HCLTECH : – Short Term Stock Trading Tips.

Moneyites August 28, 2019 No Comments

Stock Tips 

HCLTECH 

Stock Tips

Moneyites.com recommends buying the stock at the current price and accumulate more near 1080 level with a stop loss of below 1060 on closing basis for the upside of 1180-1220.

Please follow us on Facebook and Twitter to get more Trading ideas like this or visit www.moneyites.com

You can ask for your queries regarding your holding and we can also help you in building your portfolio construction for higher returns.

Ashok Leyland :-Stock Tips For Short Term Trade

Moneyites May 28, 2019 No Comments

Stock Tips

ASHOKLEY: – Ashok Leyland is a manufacturer of Light and Heavy Commercial Vehicles. The stock is a large cap stock from Automobile industry has a market capitalization of around 26757 crores.

Technically, the stock price has shown deep correction from the level of 167 to 78 almost 90 points or 53%. The stock price since it correction from the level of 167 facing crucial resistance at the downward trending resistance line. The stock price is now trading with positive momentum and holding above the moving average of 50 days. The price action if breaches the resistance line with conviction to the higher side may continue the uptrend to the level of 98-105 in the coming time. Whereas below the resistance line, the stock price expected to face selling pressure near the resistance line and may correct down to 85  in the short run.

Stock Tips Moneyites

Please follow us on Facebook and Twitter to get more Trading ideas like this or visit www.moneyites.com

You can ask for your queries regarding your holding and we can also help you in building your portfolio construction for higher returns.