Keep Eye On These 5 Stocks For Investment or Swing Trade.

Keep Eye On These 5 Stocks For Investment or Swing Trade.

CHART LEARNING

INDIAN EQUITY MARKET TRADING AT NEW HIGHS. AS FIIS CHANGE THEIR MOOD, IT SEEMS THAT THIS UP-TREND WILL CONTINUE.

HERE WE PRESENTING SOME STOCKS WHICH ARE TECHNICALLY STRONG ON CHARTS AND CAN GIVE GOOD RETURN IN THE COMING DAYS.

1) ASHOK LEYLAND

WEEKLY CHART

FORMING CUP AND HANDLE
BULLISH TREND OF EMA
BULLISH MACD CROSSOVER
GOOD VOLUME
BULLISH RSI @ 63.86
BUY CMP @ 128
SL @ 107
TARGET @ 231

 

good stocks for investment

 

2)  GOA CARBON

DAILY CHART

READY FOR ASCENDING TRIANGLE BREAKOUT.

DAILY RSI IS 64, WEEKLY RSI IS 66, MONTHLY RSI IS 55.

POSITIVE DI IS 29 BUT ADX IS 14 AND GROWING SO THE TREND IS MIXED…

BUY ABOVE 366

TARGET – 390 , 420 , 440

SL – 321 WCLBS

best online class share market

 

3) LT FINANCE

Weekly Chart

Forming A Double Bottom Pattern
Good Volume
Bullish Crossover EMA
Bullish Crossover MACD
Bullish Crossover STOCHASTIC

BUY CMP @ 97
LT @ 84.15
TARGET @ 166

CHART LEARNING

 

4) E.I.D PARRY
DAILY CHART
FLAG AND PENNANT PATTERN
VOLUME DRY
POSITIVE DI IS 23 AND ADX IS 43

THE TREND IS STILL STRONG
WAIT FOR THE BREAKOUT ABOVE 423
TARGET 440, 460, 550

FLAG CHART PATTERN

 

5) DHAMPUR SUGAR
DAILY CHART
TRIANGLE PATTERN FORMATION
VOLUMES ARE DRY BUT HOLDING HIGH LEVELS
IT SEEMS STOCKS IS STILL IN STRONG HANDS
DAILY RSI AT 62, POSITIVE DI AT 27 AND ADX AT 38
WAIT TILL IT CLOSE ABOVE 337
TARGET 360, 420
SL 310

 

TRIANGLE CHART PATTERN

 

DISCLAIMER:

All the views expressed in this post are purely based on technical analysis and posted only for educational purpose. These are personal views and not a recommendation. Contact your financial advisor before making any entry.

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