BUY RADIOCITY @ 57.90 & SELL NIITTECH @ 1303.65
So here are the Latest Stock Picks from NIFTY.
Radio City is India’s first private FM radio station and was started on 3 July 2001. Radio City is owned by Music Broadcast Private Limited which is a subsidiary of Jagran Prakashan Ltd. It broadcasts on 91.1 megahertz from Mumbai, Bengaluru, Lucknow and New Delhi. It plays Hindi, English and regional songs.
Medium Term Investor and Traders can look for an opportunity to buy the stocks of Radio City. Strong Fundamentals are making this stock a long term bet to earn from stock market. Stocks of Radio City was in downtrend since 14 Mar’19. And formed a Morning Star Pattern which is very powerful Bullish Pattern with above than average volume. Morning Star Pattern evolves over three trading sessions and sends out a strong buy signal. Traders can buy this stock at current levels for an awesome gain. Relative Strength Index of the Stock is hovering in Neutral Zone. Moving Average Convergence/Divergence is hovering in Positive Zone making this stock an excellent buy. Traders can seek about 17%-20% gain in next 2-3 months.
Current Price : 57.40
Target Price : 67.90
Stop Loss : 55.40
NIIT Technologies Limited is an information technology provider with customers in travel and transportation, banking and financial services, insurance, manufacturing and media verticals. It offers services including application development and maintenance, infrastructure management, and business process management.
Traders who are holding stocks of NIIT Technologies can book profit now. Because this stock has formed Evening Star Pattern on daily charts. Evening Star is a strong Bearish Pattern and indicates a long downtrend in near future. Relative Strength Index of the stock is hovering at 46.09 which is a Neutral Zone. Moving Average Convergence/Divergence of the stock is already running in Negative Zone and pointing towards further negative.
Current Price : 1303.65
Target Price : 1200
Stop Loss : 1335
View on Last Trading Tips
As per my previous Sell call on BALRAMPUR CHINI & NESCO LTD. went amazing with 1.5%+ gain in intraday only from a Bearish Market. You can check the Stock Ideas and check the earning potential by yourself. If you are also looking for a good opportunity to earn from Stock Market, you can follow our blog and let us know if you want to discuss your shares as well.
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.