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Showing posts with the label relative strength index

upl ltd: Stock Radar: UPL breaks 3-month consolidation, hits new 52-week high in Feb. What investors should do

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[hfe_template id='11223'] [ad_1] Short-term traders can look to buy the stock for a target of Rs 700 in the next 3-4 months, suggested experts. Synopsis The stock has surged over 19% in a week and 21% in a month, signalling bullish momentum. After peaking at Rs 625 in October 2024, it found support above Rs 490 in December. Gaining momentum in January 2025, it hit a fresh 52-week high of Rs 649 on February 5, 2025, surpassing its previous high. UPL Ltd, a part of the agrochemical industry, recently broke out of a 3-month consolidation, which has opened room for it to hit fresh 52-week highs.Short-term traders can look to buy the stock for a target of Rs 700 in the next 3-4 months, suggested experts. The stock has rallied over 19% in a week, and more than 21% in a month, which suggests that bulls are trying to take control.The stock price hit a swing high of Rs 625 on 1st October 2024, BY ETMarkets.com Feb 06, 2025, 10:00:00 AM IST Gift A Story Share member-only stories w...

Stock Radar: 17% down from highs! Why this consumption stock looks good on charts

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[hfe_template id='11223'] [ad_1] Short-term traders with a high-risk profile can look to buy the stock for a target of Rs 2,640-2,700 in the next 1-2 months, suggested experts. Synopsis HUL stock surged over 11% from its January 23 low of Rs 2,253 ahead of the Budget but remains over 17% below its all-time high of Rs 3,034 from September 2024. It closed at Rs 2,507 on February 1, 2025, reflecting a sharp decline. Experts suggest the Budget 2025 proposal for lower income tax rates could significantly boost consumption. FMCG major Hindustan Unilever has fallen over 17% from the highs but has been gaining after showing signs of bottoming out above 2,200 in January 2025.Short-term traders with a high-risk profile can look to buy the stock for a target of Rs 2,640-2,700 in the next 1-2 months, suggested experts.HUL stock price rallied swiftly in the run-up to the Budget. The stock gained over 11% after making a low of 2,253 on January 23, 2025, in intraday BY ETMarkets.com Fe...

Stock Radar: BEL shows signs of bottoming out after a 16% fall from highs; what traders should do

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[hfe_template id='11223'] [ad_1] Short-term traders with a high-risk profile can look to buy the stock for a target of Rs 330 in the next 3-4 weeks if the momentum sustains, suggested experts. Synopsis BEL stock hit Rs 340 on July 10, 2024, but fell over 16% to Rs 285 by January 20, 2025. It found support near Rs 250 in January, aligning with the 50-week EMA and 200-EMA. The stock completed a double bottom pattern, a bullish reversal signal, suggesting a potential rebound as it bounced strongly from this “W-shaped” formation. Bharat Electronics (BEL), a part of the aerospace & defence space, bounced back after testing its 50-exponential moving average (EMA) on the weekly charts in January, which suggests that bulls are trying to make a comeback.Short-term traders with a high-risk profile can look to buy the stock for a target of Rs 330 in the next 3-4 weeks if the momentum sustains, suggested experts.The BEL stock price hit a high of Rs 340 on July 10, 2024, but BY E...

ashiana housing ltd: Stock Radar: Ashiana Housing stock shows signs of bottoming out after 20% drop; time to buy?

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[hfe_template id='11223'] [ad_1] Short-term traders with a high-risk profile can look to buy the stock now for a target of Rs 450 in the next 3-4 weeks, suggested experts. Synopsis The stock hit a record high of Rs 468 in June 2024 but dropped over 22%, closing at Rs 364 on January 7, 2025. After testing the 89-week EMA in October, it reclaimed the 50- and 21-week moving averages, signalling bullish momentum. With a 30% rise in 3 months, it could reach Rs 400-450 if upward momentum sustains. Ashiana Housing Ltd, a part of the realty industry, is showing signs of bottoming out even though the stock is down over 20% from the recent highs, which suggests that bulls are planning to make a comeback.Short-term traders with a high-risk profile can look to buy the stock now for a target of Rs 450 in the next 3-4 weeks, suggested experts.The stock hit a record high of Rs 468 on June 20, 2024, but failed to sustain the momentum. It closed at BY ETMarkets.com Jan 09, 2025, 10:00:00...

Stock Radar: Wipro hits a fresh record high in December; will the party continue in 2025?

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[hfe_template id='11223'] [ad_1] Wipro is a long-term play, but short-to-medium-term traders can also look to buy the stock for a target of Rs 330 in the next 3-4 weeks, suggested experts. Synopsis The largecap IT stock gained momentum last week after over four months of consolidation. After hitting a swing high of Rs 290 in July 2024, it found support above the 100-DMA in August and rebounded. Breaking past its July high in December, the stock hit a record Rs 310 on December 10, 2024, with the 21-DMA serving as key support, signalling potential for further gains. IT major Wipro Ltd rallied over 20% in the last 3 months to hit a fresh record high in December and the chart pattern suggests that the rally is likely to continue in 2025 as well.Wipro is a long-term play, but short-to-medium-term traders can also look to buy the stock for a target of Rs 330 in the next 3-4 weeks, suggested experts. The largecap IT stock picked up pace last week after consolidating for over 4 ...