M&M is an overall good company, but recent sell-off in the market will push the price of M&M much lower to Rs 640 levels. I have three reasons to Justify Rs 640 Target in M&M, Overall it will take near about next 4-6 weeks to hit our target. Rectangle formation For this, we have to wait for closing below Rs 715 as per daily charts. once we get our condition of closing one single candle below…
From last 5 months Ashok Leyland taking the support of 105, it looks like 105 is one of the major support for Ashok Layland. And when the market breaks these kinds of major support then god knows where it will stop after that. I am already in sell position in Ashok Leyland and will wait for Rs 75 to cover my short position, and I am expecting Ashok Leyland to hit Rs 75 mark in…
When there is a big bearish pattern in your stock then it’s good to avoid parking more money in that and when all are in greed of making money in that share then you should be fearful, you have to one step above all these things and you will get idea of that only when you look into long-term charts of stock. I added Vodafone Idea in my fundamental garbage list because of 3 reasons. Deteriorating…
On an everyday basis, someone on social media recommending Tata motors and their wording is like this, “Buy this and retire rich” “Buy this mutlibagger” But Why to buy now?? what makes them say that? Maybe they think that stock already down 70% from High of Rs 600, on that basis they are recommending Buy. But why you are taking Rs 600 are the base price, no one can say Rs 600 was the fair value…
One of the biggest Bank of Indian Economy is under Bear attack, due to some management issues and some regulatory issues, overall if you are looking for the big-time frame at least 3-4 years then we can say the price is near about bottom. These kinds of Bad news will keep building selling pressure in the market. For short term, everyone is in a panic because no one can imagine a big bank sliding down 30-45% in last3 months,…
As we all know Metal is cyclic sector and this cycle runs for 3-4 years up/down both, So timely exit of Investment also require, otherwise you may get trap in that cycle. Here in this article, I am taking four stocks from the metal sector. JSW STEEL Recently it got added in NSE, and from that day it’s in Red color, see there is no harm in addition in NSE, but this can be the reason…