Yesterday we arranged a session on whatsapp for queries on your stocks. During this one and half hour long session we replied one query per person covering almost all sectors.We wish to share our views on various stocks with you also. All views are base on my analysis of stock charts:
KRBL : we already initiated long near 320 . double bottom on daily chart. Short term targets 433 above 372
Axis Bank : forming h&s pattern.once sustain above 555 target 620-75 support 527
Sun pharma: Need a break out above 580 , above that target 680 Support 547-35
ONGC : Stock is in downtrend but getting support near current levels.Stop loss for longs in ONGC is 150. Stock should move higher in short term
Vedanta : stay invested . resistance 221-28 ,once crossed target 255-60 Major support 182-90
Hero Moto Corp: Hold Hero Moto Corp with stop loss below 2960. Above 3232 stock can test 3400-3600
Bajaj electric : Stock can test 700-740 soon .it's a portfolio stock .buy and hold
Balrampur chini : looking weak. Support 53-55 below that BHAGWAN HI MALIK HE
If holds 50-55 target will be 77-85-95
Tata motors : can test 200 if fails to hold recent lows. Fresh buying only if trades and sustain above 280 best above 292 for 355
Lic HOUSING has targets of 555-85 above 535.it was a good entry near 460 where it formed double bottom.
Arvind looking good for 457-502
IDFC Bank can test 43-50 in Short to medium term. Stop closing basis 35
Yes Bank was a decent buy near 330 where we posted regularly.at current level u can wait for dips and enter near 368-70
Bhel not a good investment.let it Cross and sustain 77-80-84 . Only hardcore traders can play this bounce
Uniply I think it's face value changed from 10 to 2 or 5 to 1 . Hold/ buy
KRBL : we already initiated long near 320 . double bottom on daily chart. Short term targets 433 above 372
Sun pharma: Need a break out above 580 , above that target 680 Support 547-35
Vedanta : stay invested . resistance 221-28 ,once crossed target 255-60 Major support 182-90
Hero Moto Corp: Hold Hero Moto Corp with stop loss below 2960. Above 3232 stock can test 3400-3600
Bajaj electric : Stock can test 700-740 soon .it's a portfolio stock .buy and hold
If holds 50-55 target will be 77-85-95
Tata motors : can test 200 if fails to hold recent lows. Fresh buying only if trades and sustain above 280 best above 292 for 355
Lic HOUSING has targets of 555-85 above 535.it was a good entry near 460 where it formed double bottom.
Arvind looking good for 457-502
IDFC Bank can test 43-50 in Short to medium term. Stop closing basis 35
Yes Bank was a decent buy near 330 where we posted regularly.at current level u can wait for dips and enter near 368-70
Bhel not a good investment.let it Cross and sustain 77-80-84 . Only hardcore traders can play this bounce
Uniply I think it's face value changed from 10 to 2 or 5 to 1 . Hold/ buy
