Stock to Watch Monday- LINDE INDIA LIMITED

Linde India Limited has seen a major consolidation between 505 and 472 levels for the last 8 days. On the shorter-term time frame, it has formed an ascending triangle chart pattern over the two-month period and saw a breakout in April to touch a high 526.

Also, the price has taken support at its 21-days exponential moving average and holding well above it. The Relative Strength Index (RSI) have given a positive crossover. We recommend traders to take long positions in LINDEINDIAin the range of 490-492 for the targets of 505-520, keeping stop loss below 472 on closing basis.

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Stock to Watch Friday- DCM SHRIRAM LIMITED

On the daily and weekly charts, Dcm Shriram Limited formed “Rounding bottom” pattern and has given breakout on closing basis. This breakout is accompanied with increase in volumes bullish sentiments ahead. The stock is sustaining above 50 and 100 day’s SMA indicating buyer’s participation.

The daily strength indicator RSI are in positive mode which supports upside momentum to continue in near term. We recommend traders to take long positions in DCM SHRIRAM in the range 460-463 for the targets of 480-499, keeping stop loss below 439 on closing basis.

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Bank Nifty Market Trend for 23-Apr-2019:

CapitalHeight Bank Nifty

CH: OUTLOOK

BANK NIFTY-CON (29735 -30621)

NIFTY-CON (11410- 11800)

STRATEGY SELL ON RISE

SGX NIFTY 15DOW -48

ASAIN MKT MIX

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Stock Market Opening Bell 03-Apr-2019: CapitalHeight

CapitalHeight : Stock Market Opening Bell

CH: OPENING BELL

NIFTY FUTURE UP 8 @ 11788

BANK NIFTY FUTURE UP 64 @ 30631

SENSEX UP 98 @ 39166

INR @ 68.62

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Stock to Watch Today:Borosil Glass Works Ltd

Borosil Glass Works Ltd Borosil Glass Works Ltd has framed consolidating in a tight range of 215 and 226 for the last six days. It has been forming higher lows while the upside has been capped 216.the stock has formed wedge reversal chart pattern on the daily charts.

Currently, the stock is trading at a breakout level of the pattern. The MACD has given positive indication with average on the weekly charts and rising above equilibrium level of zero. Thus, BOROSIL can be bought at current levels 230-231 and a stop loss below 219 for a targets of 240-250.

Stock to Watch: http://moneycapitalheight.blogspot.com/p/stocks-to-watch-today.html

News Highlights:

  • Sun Pharmaceutical Industries, India’s largest drug maker which is facing investor ire for certain corporate governance practices, on January 22 announced major steps to undo the damage, including discontinuation of super stockiest arrangement with related party Aditya Medisales (AML) and unwinding loans given to a third party.

Borosil Glass Works Ltd Market Commentary:

The Sensex was down 134.32 points at 36444.64, while Nifty was down 39.10 points at 10922.80. About 941 shares have advanced, 1584 shares declined, and 170 shares are unchanged.

SUNPHARMA, WIPRO, TITAN,KOTAKBANK, DRREDDY were the top gainers among Nifty 50 stocks while VEDL,TATASTEEL,M&M, ZEEL , JSWSTEEL were the top losers.

Stock to Watch: http://moneycapitalheight.blogspot.com/p/stocks-to-watch-today.html

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