2 to 4 months
Lets get started to talk about some stocks to finding possibility to grow up some point to make good profit.
The First stock name is Mahindra and Mahindra Finance Ltd. The Mahindra Finance company providing a good and lowest interest rate in four wheeler segment in there cars and others also.
If you see in charts the crucial support is 330 and currently the stock trading in 350 above. The market took significant resistance at the 330, and after that the market got a breakout and that resistance become a support zone. And 200 EMA also support at this level so if you see any kind of bullish candles or if price reach the same level (support) then buy some quantity and the target is 365 and the SL is below the support zone it means 310 to 315.
2. the second stock is Aurobindo Pharma Ltd.
If you see this stock chart in the support level there is a kind of double bottom formed, and the double bottom neckline is 1260 and the stock currently trading 1160 above. If the price break then neckline and taking a support at this level (neckline) here is a good buying entry in chart pattern point of view. And the Sl is below the neckline and target is 1360 level there is a resistance also but not a strong resistance.
And if the price fall and taking a support in level 1000 then wait for a strong confirmation after that buy with a small quantity.
3. the third stock is Bharat Forge Ltd.
If you see This stock chart monthly or weekly view formed kind of a “W” pattern in this chart, and the price already taking a support in there neckline and there is strong support level also 1340 and the stock currently trading at 1380 above and volume also strong positive sign. If you buy at this level then should be you Sl is 1340 and the next SL is 1300 and the other side target is 1440 or 1400. Probably to hit the target in a few weeks or month.
4. forth stock is HAL
This is the perfect entry point in this stock, if you see multiple time frame, the currently stock is trading at 4290 above and here is a kind of a doji candle in 4H and kind of a hammar formed in “Day candle” time frame.
And here is a strong support level at this level between 4270 to 4290 and if you switch in 15 min chart forming a falling bidge pattern. Here is a good entry point. If you buy then your stop loss is below the support level or at the support and your target is 4320 to 4330.
5. the fifth stock is VOLTAS.
Voltas is a Indian brand own by The Late Ratan tata, Tata Group, Voltas build a electronic items, there most selling product and trusted product is fridge ( Deep freezers). Possibility to taking a profit some point because in the chart forming a lower high structure, and in the day candle kind of a bullish Harami formed, end the reason behind this. This is the winter season and during this people mostly prefer there can be a significant increase in the sales of deep freezers. That’s the reason.
The strong support is above 1310 level and other side resistance is 1388 near by and the 200 EMA also support at this level and the stock currently trading at 1350 above, here is good entry point and your SL should be near by support level and your target is resistance level.
6. six stock is Tata Steel
The company handling the flyover and existing bridge repair construction in assam. Rajasthan based company name is jhandu construction received the order amount is 2000 crore and the most of their materials are supplied by tata Steel. The company has already working.
If you see Tata Steel share price has continuously growing up if you see the strong support is 160 and the second support is 167 the stock currently trading at 172 and if you see in “4 H” time frame buyers are the most. And the other side strong resistance is 174 and 182 if the price retest the 170 level then here is good entry level and the target is 180 above.
And the some materials are aslo come from SAIL so keep eyes on this stock also if you see any kind of bullish candle or any bullish trend then buy with a small quantity and structure is good.
7. seven stock is JSWENERGY
Day candle and weekly candle taking a good support in their support level. If you see the strong support level is 435 near by, and the resistance level is 515 and the resistance second level is 480 above and this resistance become a support level. if you see any kind of bullish candle or bullish trend then buying with a small quantity. Target is 550 level.
8. eight stock is Nacto pharma
In the chart weekly candle forming a double bottom with a perfect support in near strong support level. a few weeks ago seller are very strong but currently buyers are very strong and the volume is high rather then seller candle. The currently price trading at 900 above, The strong support is 780 above and the neck line is 1030 that is a resistance levels if the price break the neck line and retest the level then absolutely good entry point in pattern point of view. And the target is 1310 level because here most of the SL planted. The best entry in this stock probably to hit the target in a few months. Keep eyes on this stock continuously if the price break neck line good entry point and if the the price retest then also perfect entry point.
Disclaimer this information is only for learning purposes and not for immediate investment in any stock based on it. The entire risk is dependent on you and this should not be considered as financial advice. Before you invest in any stock you must consult your financial advisor.