BUY PNBHOUSING @ 854.6 & AVANTIFEED @ 413.45
PNB Housing Finance
So here are the latest Stock Tips from Stock Market. Share of PNB Housing Finance was in down trend since 8 Feb’19. As a result this share is now bottom out. However, Today on 19th Mar’19 stock formed a Bullish Harami Pattern and closed @ Rs. 854.60. Traders from both Short Term Horizon and Positional Trader’s perspective can grab this opportunity and make an entry in the stock now. Relative Strength of the Stock is currently in Negative Zone @ 39.15 because stock is almost over sold and going upward. Therefore it’s an excellent opportunity for Positional Trader. Stock can achieve proposed short term target in a day or two and can achieve positional target in a week.
Current Price : 854.6
Short Term Target Price : 906
Positional Target Price : 1000
Stop Loss : 835
Traders with a short term horizon can consider buying Avanti Feed at current levels. Stock made it’s recent top @ Rs. 488 on 12 Mar’19 and closed @ Rs. 449. Which was a Fibonacci Retracement of the Stock. Today 19 Mar’19 stock made a Bullish Harami Pattern with above average volume and is current at 200 Day Moving Average Support. 21 Day Moving Average is crossing 50 Day Moving Average which shows a Bullish sentiment in the stock. Current support level has been tested by the stock several times in the past. Relative Strength of the Stock is currently in Bullish Zone @ 61.43. Moving Average Convergence/Divergence is in positive zone. Risk to Reward ratio for this opportunity is 1:2 which is a good opportunity. Proposed target can be achieved by the Stock in a day or two.
Current Price : 413.45
Target Price : 434
Stop Loss : 403
As per my Last Idea for Stock Tips on 19 Mar’19 for GHCL to buy @ 234.7 with a Target @ 240 was achieved successfully, and Positional Trader who are still holding this stock can wait for another 2-3 days for next Target @ Rs 248.
And as per my Previous Idea for Stock Tips on 18 Mar’19 for BHEL, hold this stock and will meet the Target price of Rs 74 in near future.
Please share your comments/suggestions if you are earning from these tips. I would love to hear from you if I can be any help on your portfolio or any specific Stock that you want to discuss.
Note: Above mentioned ideas 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.