![]() How to use MA to better time your entries.How to use MA to identify value on your chart.The moving average is one of the most versatile trading indicators I’ve come across, and it can be used in different ways you never thought possible. "Indicators are useless because it's lagging."Ĩ years later. To be honest, I wasn’t a moving average trading strategy fan in my early years of trading. Without a doubt, I replied, “Moving Average” (MA). We advise investors to check with certified experts before taking any investment decisions."Rayner, what’s the one indicator you can’t do without?" ![]() These do not represent the views of Mint. So, the trader can go long with a stop loss of ₹470 for the target price of ₹495.ĭisclaimer: The views and recommendations given in this article are those of individual analysts. On the short-term chart, DLF share is showing a bullish reversal pattern, so holding the support level of ₹470 this stock can bounce toward the ₹495 level in the short term. Hence, the trader can go long with a stop loss of ₹1840 for the target price of ₹1920.Ħ] DLF: Buy at ₹478, target ₹495, stop loss ₹470. So, holding the support level of ₹1840 this stock can bounce toward the ₹1920 level in the short term. In the short-term trend, Cummins India share price has a bullish reversal pattern, technically retrenchment could be possible till ₹1920. Tata Consumer shares are showcasing uptrend line on chart structure.ĥ] Cummins India : Buy at ₹1874, target ₹1920, stop loss ₹1840. However, caution should be exercised if the stock falls below ₹3420.ģ] Cipla: Buy at CMP, target ₹1060, stop loss ₹999.Ĭipla share price is looking bullish on chart pattern as it has formed higher top higher volume along with substantial rise in trade volume.Ĥ] Tata Consumer: Buy at CMP, target ₹910, stop loss ₹835. Based on these indicators, DIVIS Lab is expected to reach ₹3700 in the near future. The RSI is at 56 and trending upward, suggesting strengthening buying momentum. It has closed above its 20-day EMA and remains comfortably positioned above its 50-day, 100-day, and 200-day EMAs, signalling a healthy long-term trend. The stock has consolidated around these levels for about a month, indicating stability. Our analysis will be deemed void if price closes below ₹160 levels.Ģ] Divi's Lab: Buy ₹3535, SL ₹3420, TGT ₹3700.ĭIVIS Lab share is currently quoting at ₹3535 and has recently bounced back from a strong support level at ₹3445. ![]() RSI is also trading comfortably at 67 levels indicating strength.īased on the above analysis we recommend buying ASHOKLEY at CMP of ₹164.25 with a medium term target price of ₹172. The stock is trading above all important moving averages. Once the stock overcomes the previously mentioned resistance, it will be able to move closer to the target price of ₹172 and higher. A smaller resistance is visible on the charts near ₹166.20 levels. Currently, the stock is trading around ₹164.25. ASHOKLEY has a Formed a strong support at ₹160 levels. The stock has corrected from the new all-time high level of ₹170.55 but has shown a bounce from the initial support itself. Sumeet Bagadia's intraday stocks for todayġ] Ashok Leyland: Buy ₹164.25, SL ₹160, TGT ₹172.Īshok Leyland share price has recently created a new all-time high level. On intraday stocks for today, stock market experts - Sumeet Bagadia, Executive Director at Choice Broking Anuj Gupta, Vice President - Research at IIFL Securities and Ganesh Dongre, Senior Manager - Technical Research at Anand Rathi - recommended six stocks to buy today. ![]() Two stocks have been kept in F&O ban list for trade on 27th June 2023 and those two stocks are Hindustan Copper and RBL Bank. The primary market is also in buzz with the ideaForge IPO getting subscribed 2.5x on the first day itself, while Cyient DLM IPO will be open for retail participants on Tuesday."Įight stocks are going to trade ex-dividend today and those eight dividend stocks are Thanga Mayil Jewellery, Bombay Oxygen, Sagarsoft, Silicon Rental, Welspun India, Supreme Petrochem, Anant Raj and Shriram Pistons.Īpart from this, Hindustan Aeronautics Ltd or HAL shares would also be in focus as its board of directors are going to discuss about the stock split and final dividend proposal in its board meeting scheduled today. Sectors like Auto, and FMCG would be in focus with the progress of the monsoon. We expect the market to consolidate in the near term before resuming the upward journey. On sectors that may remain in focus at Indian stock market today, Siddhartha Khemka, Head - Retail Research, Motilal Oswal said, "Sentiments have been dented on account of concern surrounding economic growth globally and rising geopolitical issues within Russia. ![]()
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