Winning Strokes
#Today my recommended Patel Engineering Ltd made a new 52 - week high today as it braced Rs.22.75, intraday. The stock closed at Rs.22.15, up 11.87% in the NSE. Though today it broke out of the high made in January - February period in 2020, the oscillators are looking highly overbought. Hence, short term investors can look to book some profits.
#My strongly recommends Future Retail Ltd (Rs.68.45), hit the upper circuits today in both the bourses. The Company's online business has clicked and now it doesn't matter whether Reliance or Amazon takes over - but whoever takes over, the company is set to gain. The fundamentals are going to improve considerably in the coming days. The investors should do well to buy the scrip in any market decline. I'm expecting it to cross Rs.100 very soon.
#Those who have a portfolio size of Rs.2/3 lakhs then they can join my #Crorepati #Scheme to take advantage of the buoyancy in the Indian stock markets. The trades will be only delivery based and hence safe (capital protection).
#We bought the shares of Den Networks Ltd (Rs.59.55). The stock has formed a beautiful pattern on the EOD Candle Stick Chart. We can look for targets of Rs.91/92 in the coming days. This is another stock which should benefit from the relaxation of Nationwide Lockdown.
The cable businesses DEN and Hathway owned by Reliance Industries has a combined strength of the 27000 LCO partners who act as the touchpoints to 15 million households in India.
Needless to say another Mukhesh Ambani group company, Network18 Media and Investments Ltd (Rs.53.35) is all set to make a new 52 - week high.
#My recommended Reliance Capital Ltd hit another UC today at Rs.27.10 in the NSE. The stock was recommended around Rs.13.35. Congratulations to those who are hiksi g the scrip.
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