Stocks to Watch For Today From CapitalHeight.

Stocks to Watch For Thursday-CapitalHeight JBMA AUTO LIMITED. 

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Technical Analysis 

The JBMA AUTO LTD started to rally last year from the lows of Rs 259 in July 2017 and in the next couple of months it registered a major top around Rs 629 in September 2017.Since then it has given up all the gains and appears to be testing its critical averages on the long-term charts Hence,the stock long-term on delivery based can buy into 2-5 days. In case if a fresh leg of rally unfolds from current levels after consolidation then a target around 350 can be expected over a period of time. The JBM AUTO buying around Rs.310 -312 target is Rs.325-335 with a stop below 294.

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Stocks to Watch For Wednesday-CapitalHeight Gruh Finance Ltd.

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Technical Analysis 

On the Hourly chart, JK Laxshmi cement ltd. is moving above the trend line. It issustainingnear the 348 resistance level with average volume and expecting it will give breakout from resistance level. The stock also showing breakout of rounding bottom chart pattern on Daily chart. The stock may be bought in the AROUND of Rs 350 for a target of Rs 360- 372, and a stop loss below Rs 342.

On hourly chart RSI also showing crossover on RSI indicator above 30 levels for more upside momentum. Stock showing move upside from the CCI indicator. On daily chart it shows flat momentumbut expecting,after breakout it will go it will go Rs 348.

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Stocks to Watch For Monday-CapitalHeight JK Laxshmi Cement Ltd.

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Technical Analysis 

                           On the Hourly chart, JK Laxshmi cement ltd. is moving above the trend line. It issustainingnear the 348 resistance level with average volume and expecting it will give breakout from resistance level. The stock also showing breakout of rounding bottom chart pattern on Daily chart. The stock may be bought in the AROUND of Rs 350 for a target of Rs 360- 372, and a stop loss below Rs 342.

On hourly chart RSI also showing crossover on RSI indicator above 30 levels for more upside momentum. Stock showing move upside from the CCI indicator. On daily chart it shows flat momentumbut expecting,after breakout it will go it will go Rs 348.

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Stock to Watch For Friday-CapitalHeight Cox & Kings Ltd.

Stock to Watch For Friday-CapitalHeight Cox & Kings Ltd. 

Stocks to Watch by CapitalHeight

Technical Analysis 

                           On the Hourly chart, Cox & kings Ltd. is moving above the trend line. It was given breakout above the 219 resistance level with long bullish candle. The stock also showing breakout of rounding bottom chart pattern on hourly chart. It also showing morning doji star pattern with high reversal volatility. The stock may be bought in the AROUND of Rs 221 for a target of Rs 227- 235, and a stop loss below Rs 216.

The RSI also showing crossover on RSI indicator above 30 levels for more upside momentum. Stock showing move upside from the 30 days moving average. On daily chart it shows double bottom pattern and expecting it will go Rs 245.

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Axis Bank Gains 1% after it Recommends 3 Candidates to Succeed Shikha Sharma

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Shares of Axis Bank gained around a percent in the morning trade on Wednesday as investors cheered the news of possible successors to existing MD Shikha Sharma.

The stock touched an intraday high of Rs 537.50 and an intraday low of Rs 531.00.

The board of the private sector lender has recommended names of three candidates for the position of MD & CEO, the bank said in a release to the exchanges.

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WEEKLY PERFORMANCE(02-06July 2018) CASH PREMIUM CapitalHeight.

CapitalHeight CASH PREMIUM 02 July – 06 July 2018

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Technical View by CapitalHeight: Nifty forms ‘Shooting Star’ kind of pattern; wait for a breakout before going long

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The Nifty50 which started on a flat note gained momentum and reclaimed its crucial resistance level of 10,800 but last hour selling pushed the index below this level to close at 10,772. The index formed a ‘Shooting Star’ kind of pattern on the daily charts and a “hammer’ kind of pattern on the weekly scale.

A ‘Shooting Star’ pattern is formed when the index comes under selling pressure as traders start booking profits at higher levels.

This pattern is usually formed in an uptrend and is treated as a reversal pattern, but it would require confirmation before we can conclude that the trend will get reversed in near future.

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