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WIPRO - Wipro LtdLevels - Buy - 432+ Target - 470 SL - 418 The stock has tended to show a strong up move in the month where earnings are reported. The trend has been consistent over the past year and by looking at the current outset of WFH and COVID-19 second wave, it is most likely to continue. The quarterly and annual results will be announced on April 15, 2021, which might make the stock revisit the levels of 470. In addition to that, post Q3 results the stock has formed a flag pattern on both weekly and daily charts, therefore a breakout cannot be ruled out while an event is planned for the coming week. Once the level of 430 is breached on the upside, which is acting as a resistance, the stock can go up to the levels of 470, an up move of close to 10%.  IT shares in the given circumstances of WFH due to COVID-19 is a safe bet as there has been a significant increase in operating profit of the companies which will continue in coming quarters if the situation stays like this. This can be observed by looking at their quarterly results. NOTE: These findings and levels are purely based upon the knowledge and understanding of the post publisher. The idea here is to predict the future price movements hence, please do not consider this as stock advice or recommendation.
NSE:WIPROLong
by mishraparimal09
SUNPHARMA - Sun Pharmaceuticals Industries Limited Levels - Buy - Any dip the CMP or it breaks above 628 T1 - 645 T2 - 700 SL - 610 The undertone of the Pharma sector is bullish amid the second wave of COVID-19 hitting India. Sun Pharmaceuticals has the largest market capitalization and is currently trading at half the price of its all-time high which was close to 1200. The stock has seen a major correction from 1200 levels since FY-15 and now might have resumed a pullback. Current scenario - The stock has started trading above all its important exponential moving averages in 5-6 sessions. However the stock has a strong supply zone at the levels of 625-628, so once the stock breaks this level, an upside move up to the levels of 650 followed by 700 looks achievable. A key thing to note here that the stock is trading above all its moving averages and have NOTE: These findings and levels are purely based upon the knowledge and understanding of the post publisher. The idea here is to predict the future price movements hence, please do not consider this as stock advice or recommendation.
NSE:SUNPHARMALong
by mishraparimal09
SAIL - Steel Authority of India Limited Levels - Buy - Any dip below the CMP T1 - 94+ T2 - 115+ Stoploss - 83.55 (Low of April 5, 2021) The stock doesn't belong where it is being traded. It has rallied close to 10% in 2 trading sessions although the Indian Market ended in the red on April 05, 2021. With metals in focus and recent numbers released by SAIL in concern with significant debt reduction and increase in production by 6% indicates a strong move ahead in the stock. Accumulation of SAIL at every dip is what the strategy should be here. There are several other reasons which strengthen the assumption of stock giving good return in near future. Comment if those reasons are required here. NOTE: These findings and levels are purely based upon the knowledge and understanding of the post publisher. The idea here is to predict the future price movements hence, please do not consider this as stock advice or recommendation.
NSE:SAILLong
by mishraparimal09
3
TECHM - Tech MahindraLevels - Buy - 1014+ T1 - 1040 T2 - 1080 SL - 990 Indian IT Sector stocks are hitting all-time highs. Keeping this undertone in mind, TECHM is a strong candidate to buy due to the following reasons: 1. So far TECHM has not participated aggressively in the rally 2. Organization has seen some major tie-ups with large tech companies in the previous quarter 3. Flag pattern can be seen on daily charts 4. Trying to cross its 25 and 50 days EMA. The stock has a strong supply zone of 1008-1014, post breaching these levels on the upside, TECHM can see a rally up to the levels of 1040 and then 1080. NOTE: These findings and levels are purely based upon the knowledge and understanding of the post publisher. The idea here is to predict the future price movements hence, please do not consider this as stock advice or recommendation.
NSE:TECHMLong
by mishraparimal09