Skip to main content

Buy Pidilite Industries, see 17% return

The stock can be bought at current levels and on dips to 1040 with a stop loss below 1010 for a target of 1190 levels.

  

Pidilite Industries is in long-term uptrend forming tops and higher bottoms on the weekly chart. After touching high of Rs 1195 in the month of May, stock corrected down to Rs 1019 levels. Here price has taken support at 50% retracement of the rise from Rs 845 to Rs 1195.

Also, the price has taken support at 89-day exponential moving average and holding above it. Relative strength index has given positive crossover with its average on the daily chart.
Thus, the stock can be bought at current levels and on dips to Rs 1040 with a stop loss below Rs 1010 for a target of Rs 1190 levels.
MORE WILL UPDATE SOON!!
Labels:

Comments

Post a Comment

Popular posts from this blog

Income Tax Deductions List FY 2018-19 | List of important Income Tax Exemptions for AY 2019-20

Budget 2018-19 & the Finance Bill 2018 have been tabled in Parliament. The  Income Tax Slab rates  have been kept unchanged by the Finance Minister for the Financial Year 2018-19  (Assessment Year 2019-2020) . Tax planning is an important part of a financial plan. Whether you are a salaried individual, a professional or a businessman, you can save taxes to certain extent through proper tax planning. The Indian Income Tax act allows for certain Tax Deductions / Tax Exemptions which can be claimed to save tax. You can subtract tax deductions from your Gross Income and your taxable income gets reduced to that extent. In this post, let us go through the  Income Tax Deductions List FY 2018-19 . I hope you find this list useful and helps in planning your taxes well in advance. Income Tax Deductions List FY 2018-19 / AY 2019-20  (Chapter VI-A deductions list) Section 80c The maximum tax exemption limit under Section 80C has been retained as Rs 1.5...
2 comments
Read more

Accumulate ICICI Bank, target Rs 386

Traders can accumulate the stock in a range of Rs 360-364 for the upside target of Rs 386 levels and a stop loss below Rs 345. For more than six weeks, ICICI Bank has been trading in a broader range of Rs 340-365 and is maintaining well above its short and long-term moving averages. At the current juncture, the stock formed an inverted head and shoulder pattern on the daily interval chart. Additionally, the positive divergences on secondary indicators are pointing toward upward movement in prices. So, traders can accumulate the stock in a range of Rs 360-364 for the upside target of Rs 386 levels and a stop loss below Rs 345.  MORE WILL UPDATE SOON!!
1 comment
Read more

How to Stop Overspending of money?

When I first asked myself about “how to stop overspending”, I did not knew that its answer will not be easy. I had to code a whole new financial planning calculator to find a deeper answer. The main purpose of this article is to provide you this financial planning calculator which may eventually help you to prevent your overspending’s. We all have overspent on our days of enthusiasm, right? But this is particularly worrying for people who are more impulsive in purchases. Everyone has their own typical behaviour when it comes to overspending. Generally speaking, people tend to spend more on the following items: Food. Clothes/accessories. Gadgets. Automobiles Home Purchase. Entertainment. Vacation Etc. The reason because you are reading this article says that, you have realised that you may be overspending. So now, you want to know how to stop overspending? Though there can be a thesis written on causes and remedies of overspending, but I will not bore you ...
Post a Comment
Read more