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Disclaimer
The views expressed are based purely on Technical studies. The calls made herein are for information purpose only. The information and views presented here are prepared by Devang Shah. The information contained herein is based on my analysis of the Charts. I,however,do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it. The Investment discussed & recommended on this website may not be suitable for all. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent Views, as they believe necessary.
While acting upon any information or analysis mentioned on this website, investors may please note that neither Devang Shah nor any person connected with him accepts any liability arising from the use of this information and views mentioned herein. I may hold long or short positions in the securities/commodities discussed herein from time to time. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities/commodities, or any options, futures or other derivatives related to such securities/commodities.

Stocks

WEDNESDAY, FEBRUARY 22, 2017

  


VALUE WAVE INVESMENT STOCK IDEAS:
TECHNO-FUNDA MEDIUM TO LONG TERM INVESTMENT IDEAS:

RIL
CMP-1207

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RIL has broken out of long term consolation of around 8 years on upside as per chart attached. It looks like completion of wave-IV Triangular consolidation pattern as per quarterly chart attached. It looks like beginning of wave-V up rally in medium to long term perspectives as per chart attached.

It’s short to medium term momentum indicators are also in BUY. Risk rewards are favourable to BUY for value wave investor for medium to long term investment perspectives at current levels from both fundamental & technical perspectives.

It looks like RIL is going to lead market rally particularly main indices from here on after dull performance of last 7-8 years in this BULL market. One should have RIL as one of the stock of index in portfolio to take benefit of index rally for higher levels targets from here on.

One should buy at current market price or any kind of decline or consolidation with SL-1020 for such positional targets1-1500 & taregts2-1700 levels in medium to long term. One should keep time horizon for around 1-2 years for such targets.


AXIS BANK
CMP-525

Click

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Axis Bank also completed wave-IV correction on quarterly charts. It has already started wave-V up rally from medium to long term perspectives as per chart attached.

It’s short to medium term momentum indicators are also in BUY. Risk rewards are favourable to BUY for value wave investor for medium to long term investment perspectives at current levels from both fundamental & technical perspectives.

Its showing extended rally as per daily chart attached.
One should buy at current market price or any kind of decline or consolidation with SL-460 for such positional targets1-630 & taregts2-700 levels in medium to long term. One should keep time horizon for around 1-2 years for such targets.







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