BUY AMARAJABAT @ 684.55 & EQUITAS @ 134.15
So here are the Latest Stock Tips from the Stock Market.
Amara Raja Batteries
Amara Raja Batteries is an India-based multinational company headquartered in Hyderabad. The group has a presence in the automotive battery business, packaged foods and beverages, electronics products manufacturing, infrastructure sector, power system production and fabrication of sheet metal products and fasteners. The Amara Raja Group is known for its automotive battery brand Amaron, the second largest selling automotive battery brand in India today.
Traders from short term horizon can look an opportunities on this stock. Because, this stock was in down trend after 28 Mar’19. As a result, After a long down trend, this stock has formed a Bullish Engulfing Pattern on stock exchange. In addition to, Bullish Sentiment in the market, Relative Strength Index of the stock raised from 31 to 36. Which is a positive sign for the buyers. Also, Raising Earning per Share Y-o-Y and other fundamental parameters like RoCE, RoA, RoE makes this stock a strong contender for long term as well. Risk-to-Reward for this opportunity is 1:6 which is excellent opportunity to earn from stock market.
Current Price : 684.55
Short Term Target Price : 700
Long Term Target : 750
Stop Loss : 676
Equitas Small Finance Bank
Equitas Small Finance Bank is a small finance bank founded in 2007 by Equitas as a microfinance lender, with headquarters in Chennai, India. After receiving license from the Reserve Bank of India on 30 June 2016, Equitas began banking on 5 September 2016 as a subsidiary of holding company Equitas Holdings Ltd.
Short Term trader can ride on this opportunity to earn from Stock Trading. Because, this stock has formed a Bullish Engulfing Pattern on Thursday after few Red Candlesticks in the market. Sentiments for this stock changed after a new flashed on Money Control for ‘Equitas Holdings Q4 Net Profit seen up 102.4% YoY to Rs. 70.5 cr.’ Relative Strength Index of the Stock is hovering at 55 and Moving Average Convergence/Divergence into positive zone. Stock is already hovering at its support at Rs 130, Which a signal to enter in the stock and get profit from Stock Tips. Risk-to-Reward Ratio for this opportunity is 1:4 which is a great deal when stock is moving at its support range.
Current Price : 134.15
Short Term Target Price : 139
Long Term Target : 150
Stop Loss : 130
Note: Above mentioned Stock Tips are based on Technical or Fundamental Analysis however, Stock market is always volatile and risk is always included in the investment. Author is not liable for any losses.