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Best Stock Trading Ideas – 4 Apr’19

BUY HDFCLIFE @ 384.65 & HAVELLS @ 770.55

BUY HDFCLIFE @ 384.65 & HAVELLS @ 770.55

So here are the Latest Trading Tips from Stock Market.

HDFC Life Insurance

HDFCLIFE is a long-term life insurance provider with its headquarters in Mumbai, offering individual and group insurance. Stock’s fundamental are so fabulous with in Industry or Peer comparison. RoCE : 30.5, RoA : 81.13 & RoE : 25.83 making this stock an Investor choice. Y-o-Y Growing Net Profit is a proof for this stock to be a big bet in the future.

Traders from Short term view can buy HDFCLIFE at current levels. Stock is currently hovering at its support at Rs 380. Today stock formed a Bullish Engulfing Pattern. Relative Strength Index of the stock is hovering at 60.96 which is supporting the next positive move of the stock. Also, stock has got 21 & 50 Day Moving Average Support which is excellent buy signal. Risk-to-Reward ratio for this opportunity is 1:2.3

Current Price : 384.65
Target Price : 393
Stop Loss : 380


Havells India Ltd is one of the largest electrical equipment companies in India. In business since 1958, the company has products ranging from home and kitchen appliances, lighting for domestic, commercial and industrial applications, LED lighting, fans, modular switches and wiring accessories, water heaters, industrial and domestic circuit protection switchgear, industrial and domestic cables and wires, induction motors, and capacitors among others.

This stock is growing from year 2003 with strong fundamentals at the back and an amazing management to run the business. If we look at the current Intrinsic Value of the Stock is 933.52 whereas current market price of the stock is 770. RoCE : 27.61, RoA : 18.80 & RoE : 19.79 are outstanding for the stock. Company is growing Y-o-Y with Net Profit and Earning Per Share. Long term investor can see an opportunity in this stock for a great return.

Short term buyer can ride on this opportunity as this stock has formed a Bullish Harami Pattern on Thursday 3 Apr’19. Relative Strength Index of the Stock is in positive zone and currently hovering at 60.18. Moving Average Convergence/Divergence is moving towards positive zone. All these Technical Indicators are enough for a good buy opportunity.

Current Price : 770.55
Target Price : 783
Stop Loss : 760

View on Last Trading Tips

As per my Last Trading Idea on Gayatri Projects, touched the suggested target in Intraday only. And my view on VIP Industries is still Bullish and this stock shall hit the target in suggested time frame. If you have bought this stock at current levels, please hold it and don’t get penic for a general retracement on the stock.

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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