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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

                                                                        

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)

#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)

#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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