Last Month in our blogpost https://stocksbuzzcalls.blogspot.com/2023/04/how-to-trade-bandhan-bank-jsw-steel-j.htmlwe shared 5 stocks, Out of five four hit targets and one (India Glycol) hit stoploss. Further Bandhan Bank is still a buy. Here is our choice for next month.
Stock is going good and has given "Flag" pattern breakout on daily as well as weekly charts. One can add at cmp and more above 172 for short to medium target of 220-270. Stoploss can be placed below 150, below that 130 will be major support. All major technical indicators such as RSI, ADX, William %R, CCI are in buy mode on weekly charts and any dip can be used for fresh investment.
Stock is trading near major trendline hurdle, However candle formed during Friday trade indicates buying interest on the counter. Stock Future data indicates short covering on counter which may lead the stock to higher levels in coming days. Once stock crosses 104, one can expect 108-115 in coming days. Stoploss can be placed below 100.
Heavy put writing is seen in Bharti counter on Friday. On daily charts stock has given flag breakout and indicating move towards 820-50 to 1000 in short to medium term. Technical Indicators are also in buy mode.
Stock is looking good on charts and a pattern breakout of Inverted Head and Shoulder was witnessed on daily charts recently. We expect stock to test 215-20-25 in short term and 250 in medium term above 205. Stoploss can be placed below 190.
