BUY GEPIL @ 813.7 & PNBHOUSING @ 819.60
So here are the Latest Trading Tips from Stock Market.
GE Power India Limited
GEPIL has strong capabilities in engineering, manufacturing, project management and supply of products and solutions for infrastructure. Traders from Short term view can buy GE Power India Ltd at current levels. This stock was in uptrend from 12 Feb’19 @ 714 to 12 Mar’19 @ 859 which is somewhat around 20% gain. After this incredible move, stock has respected the Fibonacci Retracement and came down at Rs. 800 on 26 Mar’19. Today stock formed a Bullish Engulfing Pattern. Relative Strength Index of the stock is hovering at 50.48 which is supporting the next positive move of the stock. Also, stock has got 50 & 200 Day Moving Average Support which is excellent buy signal. Risk-to-Reward ratio for this opportunity is 1:1.3.
Current Price : 813.7
Target Price : 821
Stop Loss : 807
PNB Housing Finance Limited
PNB Housing Finance Limited is a 31 years old public sector housing finance company, headquartered in New Delhi. Shares of PNB Housing Finance was in down trend since 8 Feb’19. The price came down from Rs. 971 to Rs. 818. However, Today on 27th Mar’19 stock formed a Shooting Star Pattern which is a powerful trend reversal pattern and closed @ Rs. 819.60. 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 @ 32.70 because stock is almost over sold. Risk-to-Reward Ratio for this opportunity is 1:2.5 therefore it’s an excellent opportunity for Positional Trader.
Current Price : 819.60
Target Price : 842
Stop Loss : 811
As per my Last Trading Tips on JSW Steel Ltd, to Buy at 283 with a Target of 287 hits perfectly and stock closed at 287.50 after making a Day High at 289.33 and a 2.5% gain in Intraday Trading. I hope you have also grabbed this opportunity.
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.