BUY GHCL @ 234.7 & SUVEN @ 255.75
Gujarat Heavy Chemical Ltd
So here are the latest Stock Tips from Market. Shares of GHCL started it’s Bullish Trend on 19 Feb’19 @ Rs. 208.42 and after making a top @ Rs. 249.28 on 12th Mar’19, stock respected the Fibonacci Retracement. As a result shares of GHCL retraced by 50% from it’s recent top @ Rs. 228. Now Stock is again in Bullish Trend and has made Bullish Harami Pattern. Therefore, traders with a short term horizon can consider buying GHCL at current levels. This stock is now at Support Level of 233. This support level has been tested by the stock several times in the past. In addition to this, Relative Strength of GHCL shares is currently in Neutral Zone @ 51.42. Risk to Reward ratio for this opportunity is 1:3 which is a good buy. Stock can achieve the proposed target in a day or two.
Current Price : 234.7
Target Price : 240
Stop Loss : 233
Suven Life Sciences
Traders with a short term perspective can consider buying SUVEN at current levels. Stock is hovering above 21 & 200 Day Moving Average and has made Bullish Engulfing Pattern on 18 Mar’19. This stock is now at Support Level of 254 which has been tested support level for this stock. Relative Strength of the Stock is currently in Bullish Zone @ 60.36. Moving Average Convergence/Divergence is in positive zone. Risk to Reward ratio for this opportunity is 1:8 which is an excellent opportunity. Proposed target can be achieved by the Stock in a week.
Current Price : 255.75
Target Price : 270
Stop Loss : 254
I have provided further guide lines on Shares of GHCL for Positional Trader. They can follow me Here. I’d love to read your valuable comments or suggestions if you are getting benefited from these Stock Tips.