IndianMarketPulse-Investment Advice

Stock can be bought at current levels and on dips to Rs 620 with stop loss below Rs 600 for target of Rs 725 levels. Axis Bank has formed symmetrical triangle pattern on weekly chart and trading in a range of Rs 650 and Rs 350 odd levels for almost three years now. On daily chart stock has seen sharp bounce back from 200-day moving average. For last couple stock has been facing at Rs 640-650 zone but forming higher lows. Thus, forming bullish ascending triangle pattern on daily chart. Relative strength index and Stochastic have given positive crossover with their respective averages on daily chart. On monthly chart ADX ine indicator of trend strength is moving up from neutral level of 20 suggesting strength emerging long term trend. Thus, stock can be bought at current levels and on dips to Rs 620 with stop loss below Rs 600 for target of Rs 725 levels. MORE WILL UPDATE SOON!!

The stock price has recently taken support on its 200-week Exponential moving average and reversed north. Action Construction  is trading 52 percent lower than its January 2018 high of 204. On the long-term charts, the stock has turned extremely oversold. For the last 3 months, the stock has been trading in a consolidation zone of 85 to 105. In the month of October and December 2018, the stock took support on the upward sloping trend line on the weekly charts. This trend line has acted nicely in the past. For the week ended 4th Jan 2018, the stock broke out from the contracting range on the  daily charts with a higher delivery percentage and  higher volumes. Indicators like MACD and Oscillator like RSI has turned bullish on the weekly charts. The stock price has recently taken support on its 200- week Exponential moving average and reversed north. Considering the technical evidences discussed above, we recommend buying the stock at CMP and average it at...

Volume activity is gradually improving along with the price rise. The stock price has surpassed the resistance level of 50-week EMA. Coromandel International  formed an Inverse Head and Shoulder breakout on the weekly  charts. The stock formed a higher tops and higher bottom formation on the daily as well as the weekly charts. Volume activity is gradually improving along with the price rise. The stock price has surpassed the resistance level of 50-week EMA. The stock  price has surpassed the resistance of its 200-DMA. Considering the technical evidences discussed above, we recommend buying the stock at CMP for the target of 535, and keeping a stop loss at 420 on closing basis. MORE WILL UPDATE SOON!!

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!!

Traders can accumulate the stock in a range of Rs 710-720 for the upside target of Rs 785 levels and a stop loss below Rs 660. Escorts witnessed a V-shaped recovery from Rs 585 levels in the recent past to reclaim Rs 700 levels in a short span of time. However, after that prices seen consolidating in range of Rs 660-710 from last two weeks. The stock witnessed a fresh breakout above its 100-days exponential moving average on the daily interval along with marginally higher volumes. Traders can accumulate the stock in a range of Rs 710-720 for the upside target of Rs 785 levels and a stop loss below Rs 660. MORE WILL UPDATE SOON!!

Bharti Airtel Ltd is world’s leading provider of telecommunication services with presence in 16 countries across Asia and Africa. It had over 444 million customers across its operations at the end of September 2018. Out look and Valuation:  We believe near-term challenges will persist in India’s mobility segment considering Reliance Jio’s aggressive push to grab subscriber market share. Though ARPU is expected to remain under pressure in the near term due to downtrading of subscribers, it is expected to recover in the medium to long term considering ongoing consolidation in the sector and industry repair, which will help Airtel drive market share gains. We believe deleveraging of balance sheet with USD1.25bn equity infusion in the Africa business will help company meet rising investment in network. Further, higher data consumption driven by increasing smartphone penetration & investments in up-gradation and expansion of network towers and increase in content consumption w...

Highlights: - Profitability of paper companies on an uptrend - IPAPPM well placed to take advantage of the growth in paper industry - Stellar operating and financial performance - High margin looks sustainable - Valuations reasonable despite run-up in the stock  India is the fastest growing market for paper globally and is expected to grow over six percent per annum over the next few years. With an estimated domestic turnover of about Rs 50,000 crore, it accounts for about three percent of the world’s paper production. This presents an exciting scenario as paper consumption is poised for a big leap forward in sync with economic growth. Paper companies turned around sharply in FY17 and their profitability is on an uptrend. H1 FY19 earnings of paper companies reaffirmed the growth momentum. While JK Paper remains our top pick in the sector, we delved further to identify another paper company that benefits from an upturn in the sector. After all, a rising tide lift...