Profitable Stocks for Next Week 05-10-20 to 09-20-20

 Balkrishna Industries:-

Above is weekly chart of Balkrishna Ind and last week it closed at all time high level with positive volume. For coming week we may see upside rally towards 1600-1700 with Stop Loss at 1400.


Above is Weekly chart of ESCORTS. On a weekly chart ESCORTS is ready to show strong upside move towards 1350 to 1500. After good consolidation between 1070-1270 finally it closed at 1283 and above 1300 strong upside rally can be seen. Stop Loss can be placed at 1240-1250 on a closing basis.

Cummins India:-

Cummins India looking bearish on Weekly chart. And showing sign of reversal towards downside. On a weekly chart Cummins is trading in down trend channel. If same pattern continues in coming period then we may see long term downside level of 320. For coming week one can short with Stop Loss of 500 for Target of 400-380.

Grasim Industries:-

On a weekly chart GRASIM Ind looking bullish above 770 with Stop loss of 750 for Target of 830-850. Grasim Ind has started trading above long term downtrend line of last 3 years. Since November 2017 to till date Grasim Ind is reversing from Upper Range of Trendline but this time it is showing some sign of reversal on upper side. Hence, keep this stock for positional point of view.

HDFC Life Insurance:-

HDFC Life Insurance
has formed Triple Top pattern and trading at strong support zone of 570-565. Hence, for coming wee if HDFC Life starts trading below 565 on a closing basis then we may see downside level of 550-540.

Tech Mahindra:-

We have seen strong upside rally in IT stocks and majority of stocks are trading near all time high. One of the IT stock Tech Mahindra that has not participated in that rally, now ready to show its upside rally. Above is weekly chart of Tech Mahindra and above 840-850 we may see one side rally towards 900-950 in this counter in coming week. Support at 765. Hence, accumulate between 840-765 range for medium term point of view.

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Thank You..

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

(Disclaimers:- Above is my personal view on stocks for short to medium term. It is neither Paid service nor tip. Just for educational purpose only. Take your own decision before any trade).


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