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Best Stock Trading Ideas – 8 Apr’19

BUY JUSTDIAL @ 608.85 & IDEA @ 16.30

BUY JUSTDIAL @ 608.85 & IDEA @ 16.30

So here are the Latest Stock Tips from Stock Market.

JUSTDIAL

Justdial is a company that provides local search for different services in India over voice calls and the Internet. It was founded in the year 1996 by VSS Mani who has since been the Managing Director and Chief Executive Officer of the company. The company headquarters are located in Mumbai, India.

Short term trades can look for an earning opportunity in the stocks of Justdial. Since, the stock was in uptrend from 20 Feb’19 to 18 Mar’19 and raised the price by 41%. After 19 Mar’19, Stock has respected the Fibonacci Retracement and corrected the price by 50% from its recent top at Rs 677. Stock formed a Bullish Engulfing Pattern on 5 Apr’19. Which represents that the Bulls made their entry in the market for this stock while the RSI is hovering at 57.03. Moving Average Divergence/Convergence is in positive zone for the stock.

Current Price : 608.85
Target Price : 623
Stop Loss : 600

Vodafone Idea Limited

Vodafone Idea Limited is India’s largest telecom operator with its headquarter based in Mumbai, Maharashtra. It is a pan-India integrated GSM operator offering 2G, 3G and 4G mobile services under two brands named Vodafone and Idea. As you all are aware that the Telecommunication Industry collapsed after Reliance operated JIO Lead by Mukesh Ambani, made their entry in this area with free Calling, Internet, and whatnot. Small Telcos got bankrupt or filed insolvency like Aircel, Uninor etc. Now there are only three major telcos are working in India. Jio, Airtel & Vodafone-Idea with loss making balance sheets. However, after merging with Vodafone, Idea got support very well and become India’s largest telecom operator.

Now, short term & long term traders can buy Idea Cellular at current levels. Because, this stock was in down trend from a long time. However, on 5 Apr’19, stock has formed a Bullish Engulfing Pattern with a Huge Volume at 166 Mn. This stock is really good for long term traders as well because RSI of the stock is hovering at 20.58 which means the stock is in oversold zone. So I suggest to buy this stock for a good return.

Current Price : 16.3
Target Price : 20
Stop Loss : 15.14

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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