Skip to main content

Buy Sundaram Fasteners, target Rs 720

The stock can be bought at current level and on dips towards Rs 635 with a stop loss below Rs 615 and a target of Rs 720 levels.



Long-term uptrend forming higher tops and higher bottoms on the daily chart and weekly chart. The stock has seen in a consolidation zone between the levels of Rs 645 and 545 odd levels over the last four months with a positive bias.
The price has been taking support at its 100-day moving average. The Relative Strength Index on the daily chart has given a positive crossover with its average suggesting that the stock is likely to see a breakout on the upside.


Thus, the stock can be bought at current level and on dips towards Rs 635 with a stop loss below Rs 615 and a target of Rs 720 levels.
MORE WILL UPDATE SOON!!

Labels

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 Plan a Home Purchase?

Why it is essential to plan a home purchase?   Home is one among the biggest personal purchases one makes in a lifetime. Hence it is only prudent to plan it immaculately before committing any cost. Why immaculate planning is necessary? Because we are dealing with a lot of money here. In this article we will discuss how a common man can plan a home purchase. But before we go into the details, it is essential to remember a  basic concept  first. “We cannot overspend on anything.” Let it be grocery purchase, clothes, gadgets, education, healthcare, or home,  we cannot afford to overspend . Overspending is a curse that puts our financial position in jeopardy. Hence, it is essential to engrave in our mind that, just for the purpose making ourselves feel better, we cannot overspend. So now, lets see the rules using which one can effectively plan a home purchase. #Rule-1. Never overspend on home. What is overspending? Suppose my monthly budget ...
Post a Comment
Read more