Last week we saw a downfall in the market. Aftermarket falls it recovery in a weekend. But there are some stocks, which are still in the oversold zone. And some stocks are ready to break out. We have successfully selected 3 stocks after fundamental analysis. Here is a chance to see a bull run in these Shares.
JK Laxmi Cement
JK Cement 9th Biggest Company in India, according to market cap. And the Stock is trading at 527, yesterday when we selected this stock,
about 493 Friday closing. The chart you see above is of the weekly time frame. Here you will see clearly, Share has broken the many month’s resistance. Here we can guess a long rally. From here we would like to give the buying recommendation with a stop loss of 500 and a target of 775.
Zee Media
The other one is from the penny category. The zee media is ready to rally, it’s a breakout zone. Due to its penny stock,
the downside fall is very low, and the upside potential is very high. We have analyzed this in the weekly time frame, so the tag will be slightly longer here. Now the stock trading at 9.30, we use a strong stop loss at 6.20 and our target will be 22.60. Due to the target being long, the time here can be a bit longer too.
Indian Oil Corporation.
Now we will talk about a blue-chip company. in this kind of company, we can wait if the stock goes down. Here we are taking stock in a technical view,
therefore we should use stop-loss here seriously. India Oil Corporation was trading in a triangular sheet for very few days. Here we have a weekly time frame, Although we can see clearly, the trend is broken. The stock is showing to buy from here, there is nothing wrong. therfore from here onwards we recommend you to add the stock to your portfolio. The current market price is 109 we strongly suggest you put stop loss at 100 and your target should be 149. We are sugesting stocks every 3 to 4 days. I hope you enjoed this blog. So you can share your love in the comment box and share this with your friend.
Thanking You,
regards,
S Prasad Rao