BUY JSWSTEEL @ 282.40 & UNICHEMLAB @ 195.35
So here are the Latest Stock Tips from Indian Stock Exchange
JSWSTEEL is a leading manufacturer of steel and iron. Also they the largest steel exporter in India and export to over 100 countries. Traders from short term perspective can ride on this opportunity as the stock was in downtrend since 12 Mar’19 from its recent high of Rs. 298. Today on 26 Mar’19, stock has formed Bullish Engulfing Pattern at very strong support level with above average volume. This support level has been tested by stock several times in the past. Relative Strength Index of the stock is currently hovering at 48.39 which is below Neutral zone and an excellent signal to buy at the current levels. Moving Average Convergence/Divergence of the stock is supporting and moving towards positive zone.
Current Price : 282.40
Target Price : 287
Stop Loss : 278.80
UNICHEMLAB is a global pharmaceutical drug company established by Lt. Mr. Amrut Mody. Mr Mody was known to be a pioneer of pharmaceutical business and had tremendous knowledge about pharma sector. Traders from short term Tardingview can ride on the opportunity and buy this stock at current levels. Unichemlab was in downtrend from 14 Mar’19 with a recent high of Rs. 211. After a long bearish trend today bulls have entred in this stock. Unichemlab formed a long bullish candlestick and Bullish Engulfing Pattern backed by above average volume. Relative Strength Index of the stock is hovering at 49.29 which is Neutral Zone and a good indication to Buy signal.
Current Price : 195.35
Target Price : 199.50
Stop Loss : 193.50
My Previous Stock Tips for VIP INDUSTRIES and PERSISTENT SYSTEMS went very well and both the stock hit their provided target before noon.