Updated: Feb 5
Sector wise performance
Top Gainers/Losers Friday
Top Option in focus
Stock analysis from #RMB point of view
#Tatamotors : chart analysis says stocks is witnessing continuous accumulation since last 2 years and stock has not responded to last weeks weakness. #RMB expecting if it breaks out the trend line as in below chart, 1000 levels could be tested easily in next 1 to 5 yrs. Not a recommendation to buy being non registered.
Disclosure : holding
#Tatasteel : Stock witnessing accumulation 2021 and such action considered to be very positive as big players looks very aggresive in long run. #TATASTEEL being gem could rise further as it has not broken down despite #Nifty fell by 800 points. #RMB can sense 191 in short run.
Not a recommendation to buy being Non registered.
Disclosure : Holding as #RMB leader No 217
#HAL : Rally in #HAL seems to be over for time being. breakdown below 2400 can lead to 2180-2000 with stop placed at 2554. Not a recommendation to short being non registered. Please do your own home work.
#Coforge : This stock is setting up nicely. Strongest in IT. stock can see 20 to 30% rise in next 12 months with stop placed as in chart. Not a recommendation to buy. this is just our analysis based on our technical knowledge. Chart attached below
Disclosure : Holding.
#ZEEL : Zeel has witnessed strong downtrend from 600 to 111 but couldnot revisit its high despite strong recovery in #NIFTY in last 2 years. Now trying to break long rising trend line. we feel stock can test new lows of 110 again with stop placed at 290. just a view, may be 100% wrong and not a shorting advise
Above stocks/analysis shared as per our technical knowledge and for education trade only. Before taking up any trade please do your home work and consult your registered advisor. #RMB will not be responsible for losses in your accounts and profit as well
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