Technical Research Report on IFCI by City Equity Research IFCI: Industrial Finance Corporation of India. CMP Rs 23, Target Price 32 – 37 – 44, Stop loss Rs 9. Holding Period Minimum 8 – 14 Months. Penny Share High Risky, So Invest as per your risk profile. On Monthly Chart there are Multiple Types of Breakouts in IFCI, that is for long term purpose, don’t invest for short term quick money. 1. Breakout as per…
Nifty IT & its major constituents are the major losers of Dalal street in last 1 year. Last 1 month there was good rally but all these rally are not able to break major FIBO Mark. Some are so weak that they are not able to rally & trading at lower levels of last 1 year. Generally if we talk about bear market then these bear market can stretch upto 2-3 years easily, With the…
Last 20 Months Full of Bear Market in Midcap and Small cap Index. But now things are changing, Sign of Reversal is Just Just Near. But Don’t expect huge rally in short term, Slow process but worth of taking risk. This information also for those who are holding Midcap and Small cap Mutual funds to continue to Hold, Rally to start soon. Bull & Bear Market gets divide into 3 parts, so if we check…
Auto companies recently had a very good rally, They confirmed the Bottom formation as per the system and now All are near crucial Resistance, once they clear the resistance level then minimum 5-8% upside possible in quick time. Nifty Auto Index : Formation Inverse Head & Shoulder Charts & Morning Star on Monthly Charts. Tata Motors : Formation Inverse Head & Shoulder on Daily Charts & Morning Star on Monthly Charts. TVS Motors : Formation…
An Interesting setup going in Hindalco. Every-time when it Breakdown from Symmetrical Triangle, then It move minimum 16%, So recently again there was a Breakdown from Same pattern on 30th July, As per the setup it would touch 160 on or before 16th September 2019. See this is not a technical thing, but interesting, just time pass and when Time pass giving your profit then why not to grab that, And same my system alerting…
HDFC Bank 1QFY 2020 Results HDFC Bank is India’s largest private sector bank with 5,130 banking outlet across 2,764 cities (as on June 30, 2019) and offers a range of banking services viz. commercial, investment banking, retail banking and financial services. Consolidated Basis Results Operating Performance: Strong growth in Net Interest Income (NII) by +22.8%/Rs. 14,199.3 crs, on a Y-o-Y basis mainly driven due to growth in the loan book (essentially assets for the Banks)…
On a consolidated basis Q-o-Q basis: RIL clocked a revenue growth of +12.2%/of Rs. 172,956 crore , led by growth in revenue of: +15.8% from the refining business : Higher volumes despite lower Gross Refinery margins (GRM’s) of $8.1/barell; which is lowest in 18 quarters vs. $8.2/barell in 4QFY19 (GRMS;’s stood at $10/barell in 1Q FY19) contributed to the growth in the overall revenue. The street was disappointed as the street expected $8.5/barell. +9.6% from…
There is no trend in the market, less volume, all lead to choppiness, still some trigger in big shares giving us an indication of the downtrend in the market. Everyone talking about Eicher motors when to buy it, see it all depends on your time frame of Investment, If you are looking for Short-term then 20k a good price for some small bounce, but that bonce will not sustain for long period. For long-term Investors wait…
After so long I got some Bullish pattern, and it will try to hit the respective target by March 2019. ( +-2 months) some good Bullish pattern is there in Cummins India, Trader who use to take a trade for a time frame of 3-5 months can easily buy this. There are 2 Bullish Reasons for this Cash trade. Inverse Head & Shoulder. Breakout from Lower Low and Lower High. Inverse Head & Shoulder is…
There is no reason to buy any share at any random price, check price, check technical you will get your answer, Overall there is no doubt about Sterlite Technologies company share price, but being a midcap share we have to take care of it by applying technical on it. There is only one good pattern formation which is Supply-demand zone, which confirms our next buying point. What is Demand-supply? That means finding out the maximum number of previous…