Profitable stocks for Next Week 10-08-20 to 14-08-20

Tata Motor, TVS Motor, Motherson Sumi, UPL Ltd, Grasim Industries, Apollo Tyre, Century Texttile, RBL Bank, Bajaj Finance

Tata Motors:-

Tata Motors will be the talk of the town in next week. It is trading at much awaited breakout level of 120 on upper side. Once it closed above 120 then sharp rally towards 140-150 can be seen. 

Bajaj Finance:-

 
Bajaj Finance is another stock that closed above 3400 last week at 3464. Looking to chart it is apparent that it has given breakout on closing basis above 3400 but confirmation of strong breakout can be seen once it manage to close above 3500. Then strong uptrend can be seen in this stock.

RBL Bank:-
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Beautiful breakout in RBL Bank last week after taking support at 50 Day simple moving average.
Near Term trend is up as long as its hold 50 Day simple moving average. RSI is also bullish on chart. Hence for next week RBL Bank can move towards 210-220 level.

Apollo Tyre:-

Very good breakout seen last week in Apollo Tyre around 120 level with huge volume. One can long in this stock as long as it sustain above 120. It can move towards 130-140 in next week.


Upl Ltd:-

UPL Ltd is closed near to resistance zone around 485-488. Keep this stock in watchlist because once the level of 485 cross then it can move up to 500-520 level.

 
Century Text:-

Century Text closed at 323.70 level last week with huge increase in volume. The important breakout level for this stock is 330-333 zone. Once it is manage to close above 333 then it can move towards 350-360 level soon.

Tvs motor:-

TVS Motor closed above its resistance level of 415. One can remain long in this counter as long as sustain above 415. Currently very good risk to reward for fresh long entry. It can move towards 450-460 level next week.

Grasim Industries:-

Grasim Industries is currently trading at 636 level. And breakout level is 650 for this stock. Once it is manage to close above 650 then sharp rally towards 680-700 level can be seen soon. Since last 8 to 10 days positive volumes are seen here. Hence keep this stock in your watchlist.


Motherson Sumi :-


Considering Positive sentiments in Auto Sector  Motherson Sumi can also perform well in next week once sustain above 100. As per chart perfect Trendline seen where level of 100 is for positive breakout.

Please share your views in below comment section. 

Disclaimers: Above is my personal observation on stock for next week. This is neither Paid advice nor tip. Take your own decision before any action.)

Thank You.
Happy Trading.
"Learn & Earn Motive Only".

6 comments:

  1. Good analysis, hold few of them

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  2. Good observation, I too have some of them in my watch list.

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  3. Nice analysis, saw ur comments on twitter and hence checked out ur list. Also took trade in bajfinance as high call writing at 3500, but i should have shorted at 3540, precise level that you had marked on your chart. You only post chart for swing trading? do you post for intraday?

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    Replies
    1. I am sharing charts where breakout is due. And it is mainly beneficial for positional trade.

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