BUY NESTLE INDIA (NSE: NESTLEIND) @10723
BUY UNICHEM LABORATORIES LTD (NSE: UNICHEMLAB) @ 205.2
If you are looking for a long term (For now 2-3 Months) investment, you can buy NESTLE INDIA. On Wednesday Stock has gained 2.82% or Rs 191 backed up with above average volume. This share is moving upwards with very strong fundamentals with steady growth in Earning per Share Year on Year. As of now, share is trading at a discounted price and from here, you can see 12-15% return within next 2-3 Months. Relative Strength Index of the Share is currently in Neutral Zone which is a good investment sign. And Moving Average Convergence/Divergence is moving towards positive zone. It is most likely that the Stock will grow from here.
Current Price : 10723
Target Price : 12000
Stop Loss : 10100
UNICHEM LABORATORIES LTD
On Wednesday 13 Mar’19, UNICHEMLAB has been moved up 1.66%. Stock is moving above 50 Day moving Average with good strength.
Moving Average Convergence/Divergence is in positive zone backed up with above average volumes on the chart. Relative Strength of the index is in bullish momentum. Stock has shown Bullish Engulfing Pattern which shows a full buying sentiment in the market.
Current Price : 502.2
Target Price : 212
Stop Loss : 201
As per my LAST IDEA, fortunately or unfortunately my idea on Apollo Tyres went pretty well for the Target of 235 however, no-one could use that because the stock opened Rs 235 only.
Note: Above mentioned ideas 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.