Our analysts pore over technical charts to offer some smart trading tips for the next few months
AJANTPHARM
The stock has witnessed stellar rally till it’s clocked its life time high of 2125 levels on 04th October 2016. Thereafter, the rally took pause, on account of profit taking; price corrected and made 52 week low of 1120 levels which is nearly 47% of said rally. Post which, the stock has rallied nearly 42 % from above said lower levels which placed the stock above its major moving averages on daily chart, reflecting uptrend in the stock will remain intact in coming months as well.
Points of observation
On the daily charts as well as weekly charts, the stock is trading above its 21/50/100/200 DEMA levels, indicating the positive momentum in the stock is likely to continue and the stock may move higher towards 1850-1900 levels in medium term.
Among the indicators and oscillators, 14-perioRSI on weekly chart is pointing northwards and poised with bullish bias, indicating bullish trend in the stock is likely to continue and the counter is expected to head higher in the near term.
Among other leading indicators parabolic SAR (Stop & Reverse) is trading below the current price on daily as well as on weekly chart, which reflects buying will remain intact in the counter in the coming month also.
The MACD is trading above the signal line in buy territory on daily chart indicating positive momentum in the stock on medium to long term perspective.
From above observation we suggest you to go long in the counter and any dip towards 1400 levels can be used to accumulate the stock with a stop loss of 1250 levels on closing basis with the projected target of 1850 followed by 1900 levels in next 9-12 months.
BHEL
この記事は The Finapolis の February 2018 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は The Finapolis の February 2018 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
7 Ways to Prevent Text Neck
Our head is heavier at an angle than it is at a neutral position. That means our increasing usage of smartphones for reading, texting, etc is putting undue pressure on our spine
How To Take Your Networking To Next Level
Networking is one of the best ways to use your time
5 Fun Ways To Save Money
There are several simple ways to reduce spending and rack up more cash. Sukanta Kundu lists some interesting ones.
In Search of Higher Returns Amid Falling Rates
As Bank Deposit Rates Fall, Even Conservative Investors Are Switching Assets. Where Can They Go?
National Savings Certificates Help as Interest Rates Fall
National Savings Certificates (NSCs) have been among the most popular tax-saving options for ages. In spite of the advent of market-linked investment products such as equity-linked savings schemes (ELSS), the certificates have retained their charm for certain sections of society. In this column, let us discuss the various facets of this special instrument of investment.
What Drives Us to Invest?
I had made the journey from economics to finance. As part of Keynesian economics, we were taught about the three motives to hold money: the transactions motive, the precautionary motive and the speculative motive; all through my teaching career that remained part of my Keynesian economics. But two decades, later when I immersed myself into the world of investment, I had to develop my own tools to understand the new discipline and make my investors understand the working of their own minds. One night as lay turning on my back, poring over the day’s happenings, suddenly I made a strong connection between what I had studied years back and the problem I was grappling with now: the motives.
Ask The Finapolis
Col. Sanjeev Govila (retd) of Hum Fauji Investments answers readers’ queries on investments, taxation and personal finance. Do you have a question you want answered? Email your question to feedback@thefinapolis.com
Input Tax Credit To Benefit End-customer
Looking at the scale of India, it is reasonable to expect 3-5 years for the system to stabilize
Will GST Really Spike Up Your Bills?
As goods and service providers can claim input tax credit, your net tax bill will reduce say experts
The Bull Run Is Here To Stay
Karvy Finapolis’ event —“Is this the mother of all bull runs?” — evoked a thunderous response from investing public recently in Hyderabad.
