BUY CYIENT @ 661 & IDEA @ 33.1
So here are the Latest Stock Tips from the Stock Exchange.
Cyient Limited is focused on engineering, manufacturing, data analytics, and networks & operations with Headquarter in Hyderabad. Traders from short Term Horizon can look an opportunity and buy CYIENT at current levels. Because the stock was in uptrend from 12th Feb ’19 and made a top @ 694.80. Since then, this stock was in downtrend from 13th Mar ’19. Which was a normal Fibonacci Retracement of the Stock by 38.2 %. Hence, On 20th Mar ’19, Stock formed a Bullish Engulfing Pattern with a strong positive sentiment along with above average volume. Relative Strength Index of the Stock is in Neutral Zone @ 58.14 and going toward upside. Risk-to-Reward ratio for this opportunity is 1:1.5 which is a good buy signal.
Current Price : 661
Target Price : 675
Stop Loss : 651
Idea Cellular a Telecom Provider recently merged with Vodafone and formed Vodafone Idea Limited. Stocks of Idea Cellular Limited formed a Bullish Pattern on 20th Mar ’19 backed with huge volume. Hence, Traders with short team perspective can seek an opportunity in buying Idea Stocks. Also, Relative Strength Index of the stock is in Neutral zone which is a positive sign for Traders.Stock is having support by 21 & 50 Day Moving Average. This support level is back tested by the stock several times in the past. Risk-to-Reward ratio for this opportunity is 1:2 which is an excellent buy.
Current Price : 33.1
Target Price : 35
Stop Loss : 32
As per my Last Idea on PNB Housing Finance is going in perfect shape. Positional trader can hold on for few another positive sessions on the same.
Please share your comments/suggestions if you are getting benefited from these Stock 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.