1 ‘Largecap’ & 1 ‘Midcap’ Stock that can return upto 5-12% in Short Term 5/5 (1)

Trading Tips stocks Buy Sell

(1) Nestle India

After touching highs of 11,705 in Aug 2018, the stock witnessed a Fibonacci retracement of 23.6% in the following month dragging the counter to sub 9500 levels. The stock formed a base at the said Fibonacci level and resumed its underlying uptrend from thereon. A strong demand which erupted at the psychological 10,000 mark has pushed the prices up in a continuous pattern.

The OBV indicator, is also rising in tandem with increase in prices indicating strong buyers in the counter. In today’s session the stock managed to touch new highs and the prices are already traversing in an uncharted territory which paints a very Bullish scenario for the stock.

Medium Term Outlook- Positive / Short Term Outlook- Positive

Technical Pattern: Triangle Breakout

Action
Trigger Price
Stop Loss
Target 1
Target 2
BUY >11750 11500 11950 12100

Also , Check out this post-  Top 3 Short Term ‘Trading’ Calls that could return 3-10% in February

(2) Arvind

The stock has been in a run from 2014-2018 and delivered almost 300% return in the said time period. However, after November 2018, the stock lost all the bullish momentum and has been dragging to lower levels. The stock is trading below the major support levels of 20 and 10 SMA indicating strong presence of bears in the counter.

A look at the Bollinger Bands indicates narrowing of bands which further indicates at the forthcoming volatility. This volatility may actually fall in place with lower levels on charts. Traders shall be positioned on the short side in short /medium term time frame.

Short Term Outlook – Negative. Medium Term Outlook – Negative

Technical Pattern: Narrowing Bollinger Bands

Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL <78 81 74 71


The analysis is based on closing prices as on 7th February, 2019 & Trading levels mentioned in the post are valid upto 1 month

If you have any questions, please write it in ‘comments’ section and I will be reviewing them.

Disclaimer: All views expressed in this site are for reference only. Readers must consult their own investment adviser  before taking any investment/trading decision. We hold no financial liability to any user on account of use of information provided on this website.

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Author: Traders' Chowk

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