Technical Picks – BPCL , Aditya Birla Nuvo

 

 

BPCL – Continues to face resistance at 680 levels. Sustaining above it with volumes can give a quick move to 720 +

 

 

Aditya Birla Nuvo -

This has been one of my favorites recently with a medium to long term view. Would maintain my short term target price of 1050 and 1100-1200 in medium to long term.

Traders may look to buy at 965-985 with a stoploss of 950 for a target of 1050 in short term.

 

Just a message sent to our delivery gains client on June 17   - Low made after that 821 which gave good accumulation period. Now booking slowly on every rise.

CORE PICK ADDITION ------ ( Can buy to the extent of 15 % of portfolio )

ADITYA BIRLA NUVO

Accumulate in pyramid manner by increasing exposure at every decline.

buy 25% qty only at 880-900

accumulate by adding on every decline till 850/820.

The stock will catch momentum above 945-950 where one can add rest of the position.

Target Price - 950-1050 and 1200

Time Period - 6 -12 months

Regards,

Analyse India

 

MADRAS FERTILIZERS ----

A huge rounding formation for last 5-8 years indicates there a possible turnaround in the company.

Need more views from fundamental experts 🙂 Technically a major breakout on close above 31

 

 

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Cheers,

Nooresh

nooreshtech@analyseindia.com