Nov 21, 2013, 02.28 PM IST
Kunal Bothra of LKP recommends buying Adani Power with a target of Rs 37.40 and advises selling Titan Industries with a target of Rs 220.
Like this story, share it with millions of investors on M3
Buy Adani Power, Jubilant Life; sell Vijaya Bank: Bothra
Kunal Bothra of LKP recommends buying Adani Power with a target of Rs 37.40 and advises selling Titan Industries with a target of Rs 220.
Like this story, share it with millions of investors on M3
Buy Adani Power, Jubilant Life; sell Vijaya Bank: Bothra
Kunal Bothra of LKP recommends buying Adani Power with a target of Rs 37.40 and advises selling Titan Industries with a target of Rs 220.
One may buy Adani Power with a price target of Rs 37.40 and stoploss at Rs 35.40. After the resumption of strong uptrend yesterday backed by good volumes the chart looks very promising for Adani Power. It is trading at a support above 50 day moving average as well and looking at the price pattern it is trying to break that consolidation range on the upside around Rs 36-37 where the resistance lies for Adani Power and if it crosses that significantly today or in the next couple of days then one might see a strong rally coming across the stock.
One may buy Jubilant Life Sciences with a price target of Rs 122 and stoploss at Rs 115. However, out of the entire last two months, in the end of October, one saw the stock rallying smartly Rs 20-25 from the bottom just below 50 day moving average, after that for the last three week its been consolidating in this range. The volumes have been more or less easing out which is a good sign but in the last couple of days one saw the breakout happening, price forming a new fresh intermediate top which is a good sign backed by decent volumes as well.
One may sell Titan Industries with a price target of Rs 220 and stoploss at Rs 230. The interesting part about this stock is after breaking 200 day moving average couple of weeks back, its been trading on a negative trend. It has also broken 50 day moving average couple of days back and currently it is trading below 50 day moving average, in fact it has also made a fresh swing low yesterday. So, it's a bearish sign for the stock from a short-term view.
I have a sell Vijaya Bank with a price target of Rs 40 and stoploss at Rs 42.30. The momentum indicator especially the relative strength index (RSI), which is now signaling that bearish divergence happening and RSI has made swing low that is the price its trading above the previous swing low of Rs 41-41.5. Now the chances of a breakdown happening for the stock are strong and since it has not broken the 200 day moving average, the short-term bearishness could creep into the stock.
Anda sedang membaca artikel tentang
Buy Adani Power, Jubilant Life; sell Vijaya Bank: Bothra
Dengan url
http://sehatgayahidup.blogspot.com/2013/11/buy-adani-power-jubilant-life-sell.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Buy Adani Power, Jubilant Life; sell Vijaya Bank: Bothra
namun jangan lupa untuk meletakkan link
Buy Adani Power, Jubilant Life; sell Vijaya Bank: Bothra
sebagai sumbernya
0 komentar:
Posting Komentar