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Showing posts from May, 2024

NIFTY (23151) Continue to trade under pressure with possible slight ease of selling pressure following important Support level in Index

   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 ...

VIEW : BUY JWL (556) SL 520 TGT 600/625+ ( PERIOD 7-15 DAYS EXPECTEDLY )

RATIONALE:     * STOCK HAS FORMED HIGHER - HIGH  PRICE PATTERN  ON TECHNICAL CHART  OF 1 HOUR TIME FRAME , * RELATIVE STRENTH INDICATES POSITIVE   *VOLUME BUIL-UP  INCREASING  HENCE, EXPECTED  TARGET PRICE MAY BE ACHIEVED . DISCLAIMER : CLICK HERE

BUY : MOIL LTD (474) ( BUY AT DIP UPTO 440 TGT 550/600+ (PERIOD 1-2 MONTH)

  RATIONALE:           ON DAILY CHART STOCK HAS FORMED HIGHER - HIGH PATTERN  WITH STRONG VOLUME BUILD UP , CROSSED PREVIOUS  FEW SESSIONS AVG VOLUME ,   STOCK IS TRADING ALL TIME HIGH  WHICH INDICATES FURTHER STENTHERN TOWRDS POSITIVE TREND , SUPPORTS  BULLISH MOVE CONTIUATION , MORE OVER PITCHFORK  BREAK OUT BY CANDLE SUGGEST S UPSIDE EXPECTED TO CONTINUE. HENCE TARGET PRICE 550/600  MAY BE ACHIEVED IN SHORTTERM HOLDING (1-2 MONTH EXPECTEDLY )     DISCLAIMER : CLICK HERE

VIEW : BUY BHARATFORGE (1483) TARGET PRICE 1600 /1680+ APPROX PERIOD (10-30 DAYS )

  #bharatforge RATIONALE:   STOCK HAS BEEN  IN UPSIDE MOVE WITH GREEN CANDLE  CLOSING CONTINUOUSLY SINCE FEW TRADING SESSION  ON DAILY CHART . MORE OVER  GOOD VOLUME BULD-UP HAVE SEEN  , STOCK TRADING WITH NEW LIFETME HIGH  ON CLOSING BASIS , WHICH IS A  POSITIVE SIGN TOWARDS POSITIVE TREND CONTINUATION , HENCE EXPECTED TARGET PRICE IN THE STOCK (BHARAT FORGE)   1600/1680+ MAY BE SEEN IN COMMING 15-20 DAYS TRADING SESSIONS APPROXIMATELY Disclaimer Click on link