Portfoliostocks — Trading Ideas on TradingView

Correction Wave 5 in Reliance Industries Complete? Now what?Correction phase of Reliance industries has been patience testing for it's investors. As per my personal analysis these are the 3 paths that it can probably take. Path1) Now it can go either from a to b with stoppages. Closing above 1252 will enable Ril reach from a to d that is 1252 to 1429. If we get a breakout near 1429 upside targets will be 1452, 1479 and 1500 to 1600 range. Path 2) The path that it can take is a to c to d to e and e to f. Which is from 1251 it can again fall to 1203 from 1203 it can again travel to 1251 from 1251 down to 1110 and from 1110 to 1379 levels. Path 3) The path that it can also take is a to c to d to g. Which is from 1251 it can again fall down to 1203 from there it can reach 1252 and from there it can jog to 1323 levels. Reliance is conglomerate of Oil and Gas, Retail, Green Energy, Media and Telecom, Textile etc. businesses. In the short medium or long term it will rise again in all probabilities. An investor can take a decision to hold, compound, average or add Reliance Industries to their portfolio. I have personally added a good chunk of Reliance stocks to my portfolio where it existed already. Right now Reliance is in an patience testing phase of an investor's journey. I believe that rewards will come sooner rather than later. Reliance has been part of my Portfolio since I started my investment journey so there is a chance of bias in my analysis so invest wisely after looking at the chart. Disclaimer:The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. I or my clients might have positions in the stocks that we mention in our posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.

Consistent Compounder, Portfolio Stock looking to rise ITC.ITC Ltd. operates as a holding company, which engages in the manufacturing and trading of consumer products. It operates through the following segments: Fast Moving Consumer Goods (FMCG) Cigarettes; FMCG Others; Hotels; Paperboards, Paper and Packaging, and Agri Business. The FMCG Cigarettes segment markets and sells tobacco and cigars. The FMCG Others segment distributes packaged foods, clothes, school and office supplies, safety matched, agarbattis, and personal care products. The Hotels segment manages and operates hotel and restaurant chains. The Paperboards, Paper and Packaging segment produces and supplies specialty boards, graphic boards, and printing papers. The Agri Business segment exports feed ingredients, food grains, processed fruits, coffee, and seafood. There is an active news of demerger of FMCG and Hotel business which can be favorable for the stock. It is a high Dividend yield stock with dividend yield at CMP being 3.6%. CMP of the stock is Rs. 433.4. The Negative aspects of the company are high valuation PE(26.4). Positive aspects of the company are strong cash flow from operations, MFs and FIIs increasing stake, growth in revenue and profits and Its being a company with Low Debt. Entry can be taken after closing above 437. Targets in the stock will be 446, 453 and 465. Closing above 466 will activate long term targets of 471, 490 and 499+. Stop loss in the stock should be maintained at Closing below 424 or 400 depending on your risk taking ability. The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.

Weekend idea 2: DCM Shriram can rise, investing can be idea wise DCM Shriram Ltd. is a diversified company with business in agriculture, chemicals, plastics, cement, textiles and energy services. DCM Shriram CMP is 938.55. The Negative aspects of the company are MFs are decreasing stake. The positive aspects of the company are No debt, zero promoter pledge, FIIs increasing stake, improving annual net profit, and Improving cash from operations annually. Entry can be taken after closing above 969. Targets in the stock will be 1016 and 1066. The long-term target in the stock will be 1119. Stop loss in the stock should be maintained at Closing below 853. The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.

Tata Elxsi a giant trying to wake up from slumber. Tata Elxsi a giant trying to wake up from slumber. It has not woken up yet. It will fully wake up only after closing above 6877 but till then here is what you can do. Tata Elxsi provides design and technology services to various companies across sectors like Automotive, Broadcast, Communication, Healthcare and Transportation. Company is also helping customers reimagine their products and services through design and digital technologies such as Internet of things, Cloud, Mobility, Virtual Reality and Artificial Intelligence. CMP of the stock is 6201. Negatives of the company are High valuation (P.E.= 54.1) and FIIs and MFs are decreasing stake. Positives of the company is Zero promoter pledge, no debt, improving quarterly net profit and improving annual net profit. Entry in the stock can be taken after closing above 6269 levels. The targets will be 6382, 6513 and 6612. Long term target in the stock will be 6739 and 6800+. The stock is a long term investment idea. Stop loss should be maintained at Monthly closing below 5721.