3 months to 6 months
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.
The first stock is Sterling and Wilson Renewable Energy (SWREL) has a new order from Adani Green Energy the some of rupees is 1,380 core. The project is located in Gujarat and the time limit is up to 5 years of partnership.
Lets see in charts
The stock continuously rejection from upper side the level is 238 and its creating a range from 238 to 219 and the support level is 219 and the other side resistance level is 240 – 238. If you see in chart the price has already taken support at the same level.
If a strong bullish candle from in this range then it would be right to buy from there. Otherwise, wait for it to this levels of 219, second chance to buy when it crosses the 240 level and if you see if any bullish candles at this point good opportunity to buy.
2. second stock is Nagarjuna Construction Company Ltd (NCC)
This company has a new order from Gov the total amount is 530 core and the whole project cost working in a buildings, water and Transportation.
Lets see in charts support and resistance level
This stock falling from 400 level and the current price is 160 above and the 200 EMA support in 100 so cant suggest this stock to buy.
But if you see any chart pattern or bullish candles then buy, with a target level is 20 to 30 points
3. The third stock is Motherson Ltd
The one of the top largest company. This company manufactures and distributor wiring system for all cars including EV and petrol, diesel and also providing video system program like rear and front camera view system and distributing spear parts and also medical kits. Most of the running vehicles in the market receive their medical kits from this company.
Lets see the price potential up or down to make profit
If you see the Motherson stock price is currently trading in 115 to 120 between and the 200 EMA support at this level and the chart is continuously going up taking support. buying zone is if the price retest 114 to 115 level then you can buy and the target is 133 to 140 level and the SL is 100.
4. The forth stock is BPCL
This company second largest oil distribution and manufacture company after Indian Oil. The BPCL is a Gov company.
Lets see the price in chart
The strong support is 276 levels and the second support is 307. The inverted hammer formed in 3 months candle in near by all time high. And the 200 EMA supporting 322 level so if the price retest the level near 322 to 320 then buy a small lot the target is 340 to 350 level. And the SL is below the entry level 320 to 315
5. fifth stock is Jindal steel Ltd
The stock price is continuously respected the trend line from bottom to top the price is currently trading above 1000 and the price falling from 1100.
The support level is also near by 1000 to 995 level and the price can take support at this previous level. If the price take support then we will get a good entry point, and the target price will be around 1050. Do not entry to early until the price take support aur any bullish candle. This the perfect entry in Jindal Steel Limited.
6. Merico
This FMCG based company like skin care, hair care, oil and food, the stock price day by day increasing currently trading at 730 above. And if you see in 6 months chart forming a doji candle in the top.
The important and strong support level is near by 570 to 530 level and also 700 one should keep an eye on this level. And 200 EMA also support at this area of 700. If the price retest or again support at this price then you should be buy for a long side with a target is 30 to 40 points and your SL is 20 points or below support level. Keep eyes on this stock.
7. ITC
one of the largest Tabacco company in cigarettes this company has most of the revenue generate from cigarettes. If you see in charts ITC continuously support at this level of 400 and stock currently trading at 404 and the other side resistance is above 428, price continuously rejection 400 above level. So if you see in this rea any kind of bullish candle and retest the support level then buy for a long side and the target is 430 level.
8. Varun beverages Ltd
This company FMCG the core business of this company is creating the labelling for all the cold drink sold in India. This stock taking a good support at this level 420 to 430, and also 200 EMA support this area. Strond support 470 and the second is 460, and the other side resistance is 485. price trying to be support 470 to 460 level again and if the price support at this area and have you seen any kind of bullish candle then buy with a small quantity with a target is 30 to 35 points and the Sl is 20 to 15.
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. Investing in any stock or fund is risky consult your advisor before investing. We are not responsible for your investment for your decisions. We only provide information.