1. AUROBINDO PHARMA:
Last week we saw a huge movement in Aurobindo Pharma ; this movement came on the back of news that has entered into a multi-year contract with a global agriculture company to supply high value agrochemical intermediary. It will supply high value agrochemical intermediary for use in herbicides over a period of 10 years. The supplies are expected to commence from FY20 and would generate revenues of approximately Rs 4,000 cr over the contract term. The project will entail investment of about Rs 400 cr by the company. There is immediate support below the level of 650 and 620, the resistance of 665 and the next immediate resistance of 700. Those investors can take buy position when the breakout of resistance level 665 will do.
2. AARTI INDUSTRIES:
Yesterday prices of Aarti Industries closes positive above Resistance at 909.65 Technically in daily chart, overall trend is bullish but we can see that there is consolidation range between 910-950 and in Friday trading session we saw that it break the consolidation level at 908. As of now we see that the prices get closed at level of 909.65 so we need to wait for the retracement of the stock prices to the level of 870 upto 50%. So, the investor can take long position when the prices retrace to the level of 910 it can further breach to the level of 970-1040 and can put the risk part below the level of 890. In coming day we can see that it would break all time high.
3. ITC LTD. :
The stock ITC Ltd. is strong bullish hammer seen in Daily Chart .we can see some good Run in upcoming days. The stock, since taking support at 299 , then stock has taken uptrend. The long term trend is also up for the stock. But the stock encountered a key resistance at 320 . if the stock break the level of 320 will seed jumped around 10 percent in a next week. The buying interest is evident as the daily and weekly chart. It can extend its uptrend and reach the price targets of 340 and 380 in the upcoming trading session. Buy the stock with stop loss at 301.
4. TATA MOTOR :
The stock of Tata Motor is strong bullish in near term. Investors with a short-term perspective can consider buying the stock of TATA MOTOR at current levels. A country's biggest automobile maker by revenue, Tata Motors will get about Rs 1,600 crore from the sale of its 30 per cent stake in IT company Tata Technologies to global private equity firm Warburg Pincus. The vehicle maker, which will be left with a 43 per cent stake, said the move is a part of plan to 'strategically monetise' part of the value created. key immediate resistance at around 468. Since taking support at 445. key immediate resistance at around 460. Since taking support at 450. consider buying the stock while maintaining a stop-loss at 445. Short-term targets are 470 and 500 levels.
To Get Free Trial
Missed call @8817002233
Mail Us = starindiamarket@gmail.com
In the real estate world, equity refers to the difference between an asset’s market value and the debt owed on the asset.
ReplyDeleteequity cash tips
equity future tips