Indian stock market - Swing Trading

 Buy CDSL BUY = 495 STOP = 470 TARGET = 570+ ---------- Daily Chart of CDSL Why CDSL is a buy? This stock is on the verge of an amazing breakout. Also, the stock witnessed some profit booking last month ( October 2020). The stock looks strong on weekly as well as monthly chart. This stock is a buy at 495 with a stop of 470. The target price for this stock is 570+

 Buy RELAXO BUY = 725 STOP = 675 TARGET = 850 --------- Weekly chart of RELAXO Why RELAXO is a buy? The all-time high of Relaxo is 830. A few weeks ago the price level of 650 acted as strong support. The stock recently gave a breakout from the short term resistance of around 680.  The present momentum of this stock seems to sustain and continue. stock is a buy at 725 with a stop of 675. The target price is 850. 

 Buy BANCOINDIA BUY = 105 STOP = 85 TARGET 1= 150 , TARGET 2 = 180 ----------- Weekly Chart of BANCOINDIA Why BANCOINDIA is a Buy? The price zone of 105 to 120 is a major resistance zone for bancoindia, since July 2019. The stock witnessed some serious consolidation in the last few weeks. A breakout is possible if momentum sustains. Once the price level of 120 is pierced, the target of 180 seems possible. But the target of 150 is well within reach. Therefore, we have provided two targets that are 150 and 180. Partially profit booking should start from 150.  This stock is a buy at 105 with a stop of 85. The first target is 150 followed by a second target of 180.

 Buy BBTC BUY = 1250 STOP = 1150 TARGET = 1500 Weekly Chart of BBTC Why BBTC is a buy? The price level of 1400 was a strong resistance for this stock since 2019. However, the stock witnessed a breakout around this level in the month of August 2020. Since then the stock witnessed some profit booking. Now the stock is consolidating around the levels of 1250.  This stock is a buy at 1250 with a stop of 1150. The target is 1500.

 Buy INFRATEL  BUY = 180 STOP = 173 TARGET = 200 Daily chart of INFRATEL Why INFRATEL is a buy? For about the last 10 to 12 trading days, this stock has witnessed some selling pressure. But the price level of 175 is a good short term support on the daily chart.  This level can be a short term reversal zone. Hence, this stock is a buy at 180 with a stop of 173 and a target of 200.

Buy GTPL with a stop of 109 BUY = 117 STOP = 109 TARGET = 140 ______________ Why GTPL is a buy? This stock registered a whopping gain of about 60% within 15 days in the month of October 2020. After this rise, the stock consolidated. There is strong support at the price level of 110.  The stock is expected again to reclaim its recent high of 140. This stock is a buy at 117 with a stop of 109.   Daily chart of GTPL  

Buy JSLHISAR With a stop of 90 BUY = 107 STOP = 90 TARGET = 150 Monthly chart of JSLHISAR Why JSLHISAR is a buy? The stock is currently trading around 107 ( November 9, 2020). The stock is in strong upward momentum since August 2020. This stock is a good buy at 107 with a tight stop loss of 90. The target for this stock will be 150.

 Buy CSBBANK with a stop of 220 BUY = 255 STOP = 220 TARGET 1 = 300, TARGET 2 = 330+ Daily Chart of CSBBANK Why CSBBANK is a buy? This stock was trading in the range of 215 to 235 since mid-August, 2020. On November 6, this stock closed at 255. Thereby giving a breakout.  This breakout is backed by a solid consolidation of about 3 months. This stock can be expected to touch a level of 300. At the level of 300, it may further consolidate before moving again upward. Our second target is 330+.

 Buy SITINET with a STOP 0.20 BUY = 0.50 STOP = 0.20 TARGET = 1.5 + Daily Chart of SITINET Why SITINET is a buy? The price level of 0.50 is very strong support. This support was also respected during the march, 2020 mayhem. Our analysis says that a v shape recovery is possible. Above all, based on our confidential trading system, this stock is a buy at 0.50 with a stop loss of 0.20.

 Buy TRIDENT with a STOP OF 7.05 BUY= 7.55 STOP = 7.05 TARGET = 10+ Monthly Chart of TRIDENT Why trident is a buy? The price level of around 7 was a strong resistance since 2018. But the October 2020 momentum has clearly pierced this resistance level. Now, it looks like the momentum will continue further. During the coming few weeks/ months time, it can be expected that trident reaches the level of 10+

Buy PVR with a stop 1036. buy = 1068 Target = 1185 Stop = 1036 1 Day Chart of PVR Why PVR is a buy? The levels of 1050 is a good support for PVR. On October 28, the stock witnessed some buying after a few days of continuous selling pressure. Also on October 29, the stock holds the crucial level of 1050. The stock may likely see some reversal from this point. Our target is around 1185 with a stop of 1036.