Profitable Stocks for Next Week from 07-09-2020 to 11-09-2020

 ITC:-

Since last 2 weeks i am bearish on FMCG sector and that i have mentioned in my earlier post also. One by one stocks from FMCG sector is showing breakdown. After "Hindustan Unilever" and "Britannia""ITC" is one of the stock from FMCG sector looks bearish for next week. It has breached the level of 190-191 with volume last week and closed at 186.70. Hence, any bounce towards 190 will be now used for shorting. Next week it may test level of 180. 


Britannia:-

Last week also i have mentioned "Britannia" for selling purpose below 3750 and it has made low of 3684 and closed below support level at 3705. Hence, for coming session any bounce towards 3750-3770 shall be selling level with Stop Loss of 3810 for Target of 3650-3500. Important levels are mentioned on chart.

Bajaj Auto:-


After Continuous up side rally in Auto Sector some sign of reversal is seen in few Auto stocks last week. One of that is "Bajaj Auto" that looks bearish for Next week because it has breached support level of 2900 and fail to sustain above that level. Hence, for coming session any bounce towards 2900 shall be used for selling with Stop Loss of 2950 for Target of 2850-2800.

Sun Pharma:-


Last week we have seen strong fighting between 525-505 level in "Sun Pharma" and it may continue in coming week also. Once it start trading above 525-527 Bulls wins the game and start trading below 506-500 then Bears wins the game. So, keep this stock in watchlist and enjoy the fighting. Take entry after winner wins the game. 

ICICI Bank:-


"ICICI Bank" is looking bearish after failure of breakout above 380 and closed at 372.55. One can look for selling in the range of 380-375 with stop loss above 382 for target of 370-360-340.

Tata Consultancy Service (TCS):-


After one and half month some positive price action noted in "TCS" last week. Currently it is facing strong resistance in the range of 2250-2300. Once it start trading above 2300-2320 then we may see positive breakout toward 2400-2500. 

Exide Industries:-


In the battle between 175-170 Bears won the battle last week in "Exide Industries" and closed 163.65. Above is weekly chart of "Exide Industries" where in we can see that multiple time there was fighting between 175-170 level and since last three times bears won the game. And therefore for coming week we may see further downside towards 150-145.

 

Thank You..

Happy Trading.
"Learn & Earn"...!!



(Disclaimers:- Above is my personal view on market for next week. It is neither Paid service nor tip. Just for educational purpose only. Take your own decision before any trade).





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