Buy Torrent Power, target Rs 270

Traders can buy the stock around current level and add on dips around Rs 242-244 with a stop loss below Rs 235 for the target of Rs 270.

After making a marginal consolidation, Torrent Power has given a breakout above Rs 246-247 levels on Tuesday with higher volumes.

The daily Relative strength index (RSI) showing positive momentum and (+) DI trading above (-) DI whereas OBV –on balance volume showing upward momentum and MACD trading around zero line with positive crossover, which indicates that the stock has the potential to move higher.

Traders can buy the stock around current level and add on dips around Rs 242-244 with a stop loss below Rs 235 (closing) for the target of Rs 270.

MORE WILL UPDATE SOON!!

Comments

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...

Buy IndusInd Bank, target Rs 2248

We expect the bank to maintain its stable asset quality over FY19-20 due to overall improvement in the rating profile of its corporate book and declining risk weightings of its vehicle-finance book. For IndusInd Bank, the strategic Bharat Finance deal would be synergistic in the medium term. Growth would be primarily driven through the focus on the retail portfolio, as management intends to re balance the corporate- and retail-book ratio to 50:50 (from 60:40). Credit growth grew 29.4% y/y in Q1-FY19, driven by secular growth across all segments, led by corporate (up 30% y/y), vehicle and retail (both up 28% y/y). We expect 26% loan growth in the medium term. Asset quality improved with slippages easing to 1.26% of loan book (down 83bps y/y, 111bps q/q) and credit cost softened to 55bps. MORE WILL UPDATE SOON!!

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!!

IndianMarketPulse-Investment Advice

Search This Blog