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Best Stock Trading Ideas – 25 Mar’19

BUY BALRAMCHIN @ 132.05 & NESCO @ 452.25

So here are the Latest TradingView on Stock Market.

Balrampur Chini Mills Ltd

Balrampur Chini is the second largest sugar manufacturing company in India and known for its best quality sugar, incorporated in 1975. ROA for Balrampur Chini shares is 7.34% which is best in peer comparison. ROCE in 12.83% which is above average in industry evaluation. And P/E ratio is 12.46 which is Best in industry classification making this Stock a strong competitor. Market cap for the stock is 3016 Cr which is far better than any other stock in the same segment.

Traders for positional holding can grab this opportunity and buy this stock at current levels. Since, this Stock was in uptrend from 29th Jan’19 and raised the price from Rs. 98.26 to Rs. 144.70. After that, stock was retracing it’s price from 7th Mar’19 and made a Bullish Candlestick on 22nd Mar’19. This is a normal Fibonacci Retracement of the Stock @ 38.2%. As a result, stock is in positive sentiment with RSI in neutral zone @ 56.88. Risk-to-Reward for this opportunity is 1:2.5 making it a perfect choice to buy this stock today from today’s TradingView point. Stock can achieve mentioned positional Target in 2 weeks.

Current Price : 132.05
Positional Target Price : 144
Intraday Target Price : 137
Stop Loss : 128

NESCO Ltd

Northeastern Electricity Supply Company incorporated in 1997 working in Electricity supply sector for North Eastern Zone of Odisha. Market Capitalization of the Stock is Rs. 3186 Cr. ROA for the Stock is 17.93% and ROCE is 19.07% which is best in its peer comparison from Fundamental Analysis Point of view.

Traders from short term horizon can take a position on the stock at current levels because stock has made a Bullish Harami Pattern on Friday 22nd Mar’19 at its backtested support level @ 442.50 and currently @ 452.25. Relative Strength Index of the Stock is currently in Neutral Zone @ 52.27 with above than average volume. Current level of the Stock is supported by 21 & 50 Day Moving Average. Also, Risk-to-Reward ratio for this opportunity is 1:2.1 making this stock a perfect choice from today’s TradingView.

Current Price : 452.25
Positional Target Price : 465
Intraday Target Price : 460
Stop Loss : 446

As per my Last Idea on Cyient Ltd, Stock is going in right direction and made a high price @ 672 for the day whereas price target suggested was @ 675. Positional Trader can still hold the opportunity for better Returns.

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 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.

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