Short Term Stocks

IGL stock has fallen 33% today, Trading outlook for Short term

by Bhaveek Patel · 0 comments

in Short Term Stocks

IGL has opened lower today by 30% and we are seeing more downside in this stock in short term, however IGL on weekly chart has support near 230 level. So on approaching this support we see IGL temporarily bouncing towards 245 and 270 level. On chart 230 level is 38.2% Fibonacci retracement level, but we are not confident that this level held for long time, our short term strategy on IGL will be look every bounce in stock as short selling opportunity. But for long term stock is still bullish and investors need to keep buying in small quantities till bottom like situation is formed. Petroleum and Natural Gas Regulatory Board has ordered IGL to lower the natural gas prices. I think this is due to coming election in New Delhi and after election are over again IGL will see good positive move (its my view not analysis or fact). Look at IGL chart shown below, this is how stock may move.
IGL Stock Chart Analysis

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Bharti Airtel Has Outperformed Telecom Sector, More Buying Should be Seen in Short term

by Bhaveek Patel

Bharti Airtel Ltd. was listed on NSE on 15 February 2002, this company is leader in telecommunication sector. It has largest subscriber base in India, than any of its competitors. Although the telecom sector did not perform well in the last 2 years, but we see after the launch of 3G services in its circles we see that there will good revenue from the 3G operations. When we look at the chart of BHARTIARTL stock .....

Buy or Sell HDFC stock: Stock is Bullish from January 2009 Experts Advice to Buy

by Bhaveek Patel

HDFC is one of the largest home finance lenders in India, the company was listed on 23 October 1996 on NSE. HDFC is also one of the major lender for housing finance, looking at the daily chart we find that HDFC has always found the support at 100EMA on weekly chart, same situation is currently present on the weekly chart as the price action is near the 100 EMA and we are waiting for the .....

Its Bad Time for Capital Goods Stocks, BHEL may Weaken in near Term, Short BHEL for Target 1600 Level

by Bhaveek Patel

BHEL being one the largest electrical equipments manufacturer in India it also manufactures turbines for power companies. The stock price of BHEL suggest that there is more downside possible from current levels. So traders can go short on BHEL future below 1900 level and hold it for the target of 1750 and 1600. Also keeping the stop loss above the 2000 level. It is important to note from technical analysis point of view each and .....

Buy or Sell Aarvee Denims & Exports Stock, What is Short Term Target in AARVEEDEN

by Bhaveek Patel

Aarvee Denims & Exports (AARVEEDEN) stock is in a downtrend from the its peak level of 94 to its lower level 49. When we look at the chart we see that the stock has taken the support at 50% Fibonacci retracement level i.e at 49 level so from current levels we see limited downside, while upside projection target can be 69 and then 85 levels. Placing stops few points below the recent low at 46. .....

Short term target for 3IINFOTECH stock, Bulls must Return, IT Stocks may Weaken Further

by Bhaveek Patel

3I Infotech was listed in way back on 22 April 2005, this software firm has grown very steadily in past few years time. Also we are expecting this growth to continue for its long term run. When we look at charts its shock is mildly bearish and needs to consolidate in next few months, but if it closes above the 53 level we are going to see the bullish trend coming again in this stock. .....

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