2 Bullish Counter.

Nse Code:- Exide


Nse:- Exideind

After Seeing a correction in the counter which started from Month of August 2018 from 304.70 till 237. Now it has form a reversal pattern with Bullish Engulfing Candlestick Pattern with Increase in Volume as well. Already counter is making Higher top and Higher Bottom in Long term Chart.
It has also break a one consolidation channel pattern since October 2018 which might take this counter to next level of Rs 300 with main Support of 250. 
Below is the weekly Chart of Exide Ind.
(Horizon:- 1- 2 Weeks)





NSE:- Radico Khaitan
After Seeing a sharp correction in the counter which started from Month of September 2018 from 494.70 it went down till Rs 297. Now the time of stock is here where it might see the rally till Rs 500 which it’s previous High.

After stock surge by 5.25% up on Friday by Closing Value of 415.30 It has formed Island Reversal Candlestick Pattern with Volume and it also Closed Just above it 200DSMA as well. In Multiple Moving Average where investor spread are already bullish and traders are making it stance for bullish as well. In Coming 1 to 2 week we might witness the up rally which may take the stock up to Rs 500 Level with important Support of Rs 400.



*Disclosure:-

This presentation / newsletter / report is strictly for information and illustrative purposes only and should not be considered to be an offer, or solicitation of an offer, to buy or sell any securities or to enter into any Portfolio Management agreements. This presentation / newsletter/ report is prepared by Chirag R Sanghvi. Any dissemination, copying or circulation of this communication in any form is strictly prohibited. Neither me nor any of their respective affiliates or representatives make any express or implied representation or warranty as to the adequacy or accuracy of the statistical data or factual statement concerning India or its economy or make any representation as to the accuracy, completeness, reasonableness or sufficiency of any of the information contained in the presentation / newsletter / report herein, or in the case of projections, as to their attainability or the accuracy or completeness of the assumptions from which they are derived, and it is expected each prospective investor will pursue its own independent due diligence. In preparing this presentation / newsletter / report, Chirag R Sanghvi is not liable for any loss or damage (direct or indirect) suffered as a result of relay upon any statements contained in, or any omission from this presentation/ newsletter / report and any such liability is expressly disclaimed.


Comments

Popular posts from this blog

My Conversations with Money

Technical Analysis Workshop

Disclaimer