Get started

Nseindia

RELIANCE INFRASTRUCTURE | AnalysisAs Many of you know that INDIAN Budget 2021 is focused on infrastructure and It is pretty much possible that the stocks related to it will jump. So, Here is our analysis of RELINFRA, But Let us first talk about this company --> Reliance Infrastructure Limited, formerly Reliance Energy Limited and Bombay Suburban Electric Supply, is an Indian private sector enterprise involved in power generation, infrastructure, construction, and defense. It is part of the Reliance Anil Dhirubhai Ambani Group. Parent organization: Reliance Group. Revenue: 20,972 crores INR (US$2.9 billion, 2020) Now, Should we buy it or short sell it? Let's find out. According to our analysis --> We have Ascending Triangle Ranges in Both Daily and Hourly Chart. Secondly, we know that Trend may continue because this Triangle Range is a continuation Range. RSI is rising which indicates the buyers have momentum. But, We should wait for the breakout, and accordingly we can put the trades. So, Let's wait for the breakout......... Follow @alphadecodetrade
NSE:RELINFRA
by alphadecodetrade
2
PNB - Punjab National BankResearch pick: Reasons supporting the pick: 1. Second largest PSU Bank in terms of market capitalisation. 2. PNB’s merger with United Bank of India and Oriental Bank of Commerce has improved the PAT (profit after tax) for three straight quarters of FY21 i.e ₹ 538 crores in Q1, ₹ 576 crores in Q2 and ₹ 747 crores in Q3. NII has been improved over 80% on a YoY basis for Q3. 3. FII’s holding has increased from ~1% to ~4% which signals a strong bullish bias towards the bank. Huge volumes of shares are being traded for close to 7 trading sessions 4. Government of India’s emphasis on Privatisation of PSU’s will leave a lesser count of PSU Banks in India and PNB is expected to remain on the PSU Bankside. 5. Stock is trading/consolidating in a lifetime low trajectory of 26–39 for close to a year now. The all-time high of the stock is 279.8 which is far away from the current levels. Therefore keeping the range of 26–39 as a strong base, the stock has only one way to move i.e up. 6. Technically speaking, the stock is trading at 0.64 times its book value and appears to be undervalued given the above-mentioned reasons. Talking about targets (Daily time frame): The stock has a strong resistance zone at 40 .55–42.80 and a strong support zone at 32.50-34.50 levels and hence perfect time to invest would be when the price is close to the support level or breaks the resistance zone i.e above 42.80. The first target for the stock would be 53+ and the second target would be 70+ in months to come. NOTE: These findings and levels are purely based upon the knowledge and understanding of the post publisher. The idea here is to predict the future price movements hence, please do not consider this as stock advice or recommendation.
NSE:PNBLong
by mishraparimal09
BPCL - Bharat PetroleumBPCL's price action has been in the range of 360 to 410 for the past 4 months and it has made the level of 400 as strong support. The stock is expected to show an up move to the levels of 470+ in coming weeks subject to the fact that it breaks the supply zone of 428-434 which has been acting a strong resistance for the stock. Buy - CMP or ~411 (if it experiences any correction which is a least likely event) T1 (Immediate) - 430+ T2 - 470+ SL - 411 Triggers - Improved earnings reported in Q3 on YoY and QoQ basis. Increased sales of automobile sector will lead to more and more demand for fuel. Transportation services are expected to be normalised soon post COVID thereby increasing the sales. NOTE : These findings and levels are purely based upon the knowledge and understanding of the post publisher. The idea here is to predict the future price movements hence, please do not consider this as stock advice or recommendation.
NSE:BPCLLong
by mishraparimal09
HPCL - HINDPETRO HP NSE:HINDPETRO CL had been consolidating close to a year now. And by looking at the pace of recovery of the Indian economy and keeping the earnings season in mind, HPCL seems to be ready for an up move. Price levels are as below - Buy - ~ 212 + ( stock respects the support level of 210 ) Target - 235+ SL - 208 Influencing factors - 1. Budget expectations 2. Earnings for 3rd quarter for FY 21 3. Increase in the demand of automobile and its ancillaries. NOTE : These findings and levels are purely based upon the knowledge and understanding of the post publisher. The idea here is to predict the future price movements hence, please do not consider this as a stock advice or recommendation.
NSE:HINDPETROLong
by mishraparimal09
#banknifty analysis for 5th Feb #banknifty analysis for 5th Feb 6 trading session 5725 point rally, it's too fast & furious rally to sustain and have to cool down. The pattern getting formed is a nonsustainable pattern and will fail (71% elevation can't be sustained) Positional short only below 34,200. Decision Zone:- 35,028 -35,160 Upper Targets:- 35,321 / 35,413 / 35,845 / 35,996 / 36,112 / 36,328 Lower Targets: 34,791 / 34,498 / 34,047 / 33,586 One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade. E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't. John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve. Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient. Regards, SG
NSE:BANKNIFTY
by subhagghosh
3