Shriramfin giving good daily breakout people can take entry above 584, NBFC stocks are showing good potential from last week keep stoploss below 525 and can ride stock until 700rs.
After downside consolidation, stock has show reversal sign and change trend tendency. trader can look forward to buy at current level 196-200rs with TARGET OF 127, 145 AND FOLLOW STOPLOSS OF 175. Indian budget will present in next month and experts are looking for incremental Government spending which will ultimately beneficial for renewable finance company like IREDA.
Last week HDFC LIFE presented Q3 result , which looks good compare to last Quarter, HDFC life had corrected nearly 45% from its recent high and consolidating near buying range. OUR research initiated BUY rating from current levels. BUY RANGE : 620-625 STOPLOSS : 578 TARGET : 678-700 REWARD:RISK : 2:1
After split in last month stock was going through tight downside consolidation phase, now it is showing trend reversal with budget coming near with expectation of increase in DEFENCE EXPENDITURE. BUYING RANGE 2170-2200 WITH TARGET OF 2400,2700 AND FOLLOW STOPLOSS OF 1850.
POLICYBZR one of fintech company looks good at the current price. investors can make position in this stock with buying level of 1750-1800 with TARGET of 2000, 2200 AND put STOPLOSS at 1600rs.
Bajaj finance showing good strength from last week. Give positive breakout on upside with that upper side facing resistance. one can look to buy bajaj finance with ENTRY LEVEL OF 7000-7100 WITH TARGET OF 7500,7800 AND STOPLOSS 6700.