Showing posts with label profit. Show all posts
Showing posts with label profit. Show all posts

Wednesday, 2 May 2018

Tuesday, 6 June 2017

Gain Extra on Stock Market from Analysis Done by Our Experts

The S&P BSE Sensex and Nifty posted yet another all-time high on Monday but traded in a very bound range ahead of the RBI policy meeting which is scheduled on Wednesday this week.

The market is heading northwards as there is no divergence which is seen on the charts so far which suggests there is still some moderate upside over the short-term.

The market is likely to touch upper levels near 9,700-9,720 in the coming sessions post then some profit taking on the higher levels could be expected. Traders should trade with caution as the market is heading into the overbought zone.

One should wait for a clear indication of reversals on the charts before they go fresh short of start booking their profits.

The research firm believes that the June quarter could see a disruption, but will be short lived due to GST. The rates offer relief for cigarette companies, jewellers, and branded garment companies. The tax rates will also go down for soaps, toothpaste and detergent bars, it said in its report. As expected, telecom services will be negatively impacted, the brokerage said in its report. Multiplexes and light electricals will see tax rates rise post GST, it observed. Having said all of this, CLSA sees a small probability of a delay in GST roll out to September.

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Tuesday, 16 May 2017

Top 5 stocks ideas which can give up to 7% return in a week

The market started the week on a positive note and ended higher on Monday after closing in the red for two consecutive sessions earlier. The index managed to close near all-time highs supported by pharma, banks and metal sectors while telecom sector seen under pressure during the session.

The Nifty closed well above short-term indicator which is provided by 20-days moving average (DMA) where RSI and MACD are both looking positive which might attract some more buying into the system in the coming session.

The closing of the market seems attractive to the bulls, which are likely to continue in the coming session as well.



Here is a list of top five stocks to buy based on technical factors:

Central Bank of India: BUY | Target: Rs 122 | Stop Loss: Rs 110 | Return: 7%

The stock has taken a strong support near its 20-days moving average (DMA) during the session and reverted just after touching those lower levels near Rs 107-108.

The counter is expected to move further higher as it has given positive close with increased volumes after three consecutive sessions of declines and is likely to continue the momentum for the coming session as well.

The momentum indicator such as RSI is also firm after a sharp decline suggesting some immediate recovery from the present levels.

Tata Elxsi India: BUY | Target: Rs 1,580 | Stop Loss: Rs 1,542 | Return 2%

The counter closed with a positive hammer candle formation and was supported by 20-days moving averages hinting upside momentum will remain intact for the coming session as well.

The stock has shown a breakout of a sideways movement that lasts since many session within a range of Rs 1,525-1,555.

The momentum indicators are showing positive momentum to continue as MACD has generated a fresh breakout while RSI is moving upwards above 55 levels.

Edelweiss Financial Services: BUY | Target: Rs 194 | Stop Loss: Rs 184 | Return: 3%

The stock has gained momentum on the daily charts support by 20-days moving averages with increased volumes and a recent resistance breakout of Rs185.50-186 levels.

The counter is gradually moving towards its psychological level of 200 in the coming few sessions. The momentum indicators are about to enter into the overbought levels as RSI is heading towards 70 and MACD after its crossover heading northwards.

ABB: BUY | Target: Rs 1,620 | Stop Loss: Rs 1,535 | Return: 3%

ABB made a positive hammer candle formation on the daily charts on Monday, suggesting some more upside movement to continue in the coming few sessions which has been followed by a decline and a Doji.

The volumes are firm at present levels along with momentum indicators e.g. RSI and MACD both are hinting some more positive momentum to continue as RSI is entering into overbought levels, so the very short term movement should be treated as upwards.

DLF: BUY | Target: Rs 220 | Stop Loss: Rs 205 | Return: 4%

The stock has continued its upside momentum during the session and closed with a positive Doji candle above previous day’s high. The counter is likely to move further higher in the coming session as well and should touch upper levels near Rs220.

The stock is supported by a number of indicators e.g. it is trading way above its 20-days moving average while momentum indicators are inching upwards along with firm volumes.

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Monday, 15 May 2017

Super 5 Stocks for BTST

1. ARVIND LIMITED
Yesterday due to negative quarterly result of Arvind Ltd, its prices continue falls in last two trading session. Prices closed today negative at 397.75 in futures. Its overall trend is bullish. But due to negative result it expected to some down fall upto the level of 380 is a support level on daily chart, the immediate resistance is 420 and 430. Yesterday it gives mixed trading. Investors can take short position below the level of 395 upto the level of next support of level of 380 and maintain the risk part of 401 is the resistance. Textiles and apparel major Arvind Ltd today reported a marginal decline of 0.92 percent in consolidated net profit to Rs 96.92 crore for the fourth quarter ended March, on account of higher expenses.



2. PUNJAB NATIONAL BANK

PNB performed well sell side in intraday trading, it makes news break 52 week high and take the resistance of 185 from which there is profit booking can be seen in intraday trading, prices were close negative at 167.10. In daily chart last candle is formation of bearish and this candle engulf previous day trading candle that indicate there is correction in sell side. And today it gives breakout of Head and shoulder pattern in intraday chart at level of 168.50. But due to its bullish trend we suggest investors can take short position of only for some days a point of profit. From the level of there is fresh buying we can see. Yesterday its prices were closed negative at 4.40 (2.57%) in futures. Investors can take short position below the level of 166.50 upto the level of next support of level of 152 and maintain the risk part of 183 is the resistance.

3. Just Dial Limited
The stock of Just Dial is looking weak in near term. Investors with a short-term perspective can consider selling the stock of Just Dial at current levels. Following an intermediate-term downtrend, the stock fell to an all-time low of 318 in late December 2016 and found support. Since then, it has been on a medium-term uptrend. However, after regaining 50 per cent of the Fibonacci retracement level of the prior downtrend, the stock encountered significant resistance in the 600-620 band in early March. Triggered by negative divergence in the daily relative strength index, the stock changed direction recently. This reversal was strengthened on in last week with the stock tumbling 5 per cent, breaching the support level at 500. The daily relative strength index has entered the neutral region from the bullish zone. The short-term outlook is bearish. It can extend the fall and reach the price targets of 485 and 470 in the ensuing trading sessions. Sell the stock with stop-loss at 512.

4. Triveni Engineering & Industries Limited
Investors with a short-term perspective can buy the stock of Triveni Engineering & Industries at current levels. The stock of Triveni Engineering & Industries surged around 5 per cent breaching a key resistance at around 92 in last three trading days. Since taking support at 50.5 in November 2016, the stock has been on a medium-term uptrend. Following a corrective decline from around 85, the stock found support at 70 in mid-February this year and subsequently resumed its uptrend in early March. The short-term trend is up for the stock. It is trading well above the 21- and 50-DMAs. The daily relative strength index has re-entered the bullish zone from the neutral region and the weekly RSI continues to hover in the bullish zone. There has been an increase in daily volumes over the last five trading sessions. Though there is resistance ahead at 92, the stock holds the potential to surpass this hurdle and extend its ongoing uptrend. The next targets are 97 and 102. Traders with a short-term perspective can buy the stock with a stop-loss at 84.

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