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Short Term Trading Ideas -16/05/2021



Hey Guys, I hope you are safe at home. Here In this blog we will discuss about four companies that can perform in Short term. Before going Ahead please go through the Disclaimer below.

Disclaimer :- 
  • I am not a SEBI Registered Investment Advisor.This blog is Only for Educational Purpose. It is not a recommendation to buy/sell. I am sharing these ideas here so that you guys can learn from that. Please consult your Financial Advisor before taking any Investment Decision. 
Berger Paints CMP - 752 :- Berger Paints engaged in business of Manufacturing and Selling of paints and it is India's Second Largest Paint company after Asian Paints. 
If we talk about Technicals of this company,
  • The stock has given a Bullish Descending Pattern Breakout with decent volumes on daily Time frame.
  • RSI is also giving Trend Line breakout and Looks bullish.
  • Stop loss should be 700 on Daily Closing bases.
  • Stock can rise up to 800 levels in short Run.



CDSL LTD, CMP - 832 :- CDSL operates as a Securities depositor in India and has a Monopoly in its business. On Technical Charts, stock is forming Continuous bullish patterns & if we talk about hourly charts, Stock has given bullish breakout from ascending Triangle pattern. Now stock is at all time high and inn uncharted territory. Stock can reach 900 levels in short run with a stop loss of 790& below on daily Closing Bases.



HFCL LTD, CMP -37.20 : - HFCL is in the business of assorted telecom foundation empowering agent with dynamic interest traversing telecom framework improvement, framework incorporation, and assembling and supply of very good quality telecom gear, Optic Fiber and Optic Fiber Cable.
On technical Charts Stock has given multi year Head and shoulder breakout and sustains above that. Stock Volume is very robust in recent weeks that suggest big buying is happening in the stocks. ROC Indicator also Crosses above zero level Shows Bullish momentum will be maintained for short term.
  • Good Buy Zone is between 33-35.
  • Short Term Target 42-45-52.
  • Stop loss 30 and below on Weekly Closing Bases.


Lupin Ltd, CMP- 1178 :- It is engaged in the manufacture of pharmaceutical products. On technical charts, Stock has recently given a  Bullish Cup & Handle breakout and ready to rest that zone.
  • Good area to get in 1080-1100.
  • Target: 1290-1500 
  • Time frame: 1 year.
  • Stop loss below 972 on weekly closing bases




For more Clarity on these tips, You can guys can watch this video for better Understanding.


 

Thank you

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  1. SurajRaysJune 3, 2021 at 8:49 PM

    Thanks for the Information, it's very concise and easy to reaf

    ReplyDelete

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