We have witnessed a sharp downfall in Nifty and Banknifty along with sectorial selling pressure amid the Iran-Israel war, although India's growth story has been robust and expected to rise continuously even amid global uncertainties. but may be lower than expected or projected , due to high inflation forcasting may be a part of lower GDP growth. India is a major crude importer , Hence volatility and up surge in Crudeoil prices expected to affect almost every corner of the economy, considering recent crises in LPG,,Crudeoil and restricted supply, will give rise to overall production cost and disruptions in production for manufacturing industries. Moreover, household budgets may rise across the country , which may decrease individual savings .We may see as cascading effect of the current global situation, which may take slight more time to make nullify overall effect upon indian economy. Eventually new investment may slower its pace or ...
बाजार ने बनाई नयी उचाई जानिए कोन सा स्टॉक दिला सकता है मुनफा ! which stock has potential to give good return - By Expert Research Analyst DHARMESH BHATT
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DHARMESH BHATT Research Analyst (SEBI REGI NO.INH000009685) (M) 9586677130 EMAIL: analytdharmesh@gmail.com OFFICE : A – 304 , SUBH APARTMENT
(ABOVE BNK OF BARODA) , NR. SILVER STAR CROSS ROAD, CHANDLODIA, AHMEDABAD STOCK SPECIFIC RESEARCH REPORT |
Date 06.07.2023
v EQUITY CASH SEGMENT
1) NATH
BIOGEN (215.05)
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| #nifty#NSE#Nathbiogen |
RATIONAL: Stock has created Higher – High , Higher Low price formation on daily chart, On the Other
hand Relative Strength index also suggesting with positive move strength in
positive trend may continue .Stock price has consistently taken upward trend
line support and given close above trend line. Moreover, Stock was moving in the
170-190 price range since 2-3 week, since yesterday price has given close above
the range and trade firmly with good volume accumulations.
Considering Positive price break out with strong
bullish candle on Daly chart it is
recommended to accumulate at dip up to 190
with Stop loss 165 on closing
basis , Stock may touch 250/280 prices
in 2-3 week period and 350-450 prices in
1-2 month Holding period approximately.
2) BALKRISHNA INDUSTRIES (2443)
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| #nse#balkrishnaindustries#Nifty |
RATIONAL: As per Weekly Technical chart , stock has given positive price break out , in recent scenario Tyre sector stock is also in bullish momentum like CEAT ,MRF, JKTYRE etc along with Nifty and overall market bullish sentiment. Stock is one of the leading tyre making company with monopolistic product. As per chart weekly down ward trend line and upward trend line had created a channel and price has been consistently in a range move or channel since 2-3 months. Although stock has given positive break out since 2-3 week ago, and sustained prices upside as expected. Moreover, Relative strength index shows positive ness in the trend may be stronger.
Considering
positive Price breakout stock may touch rice mark of 2500 – 2640 in coming
couple of month or a quarter
Hence strategy
should be Buy at dip upto 2390 with stop loss 2280 on closing basis, to hold
for the 2500-2640 Prices.
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