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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, DECEMBER 28, 2016

  


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

IOC: INDIAN OIL
CMP-316.20

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IOC started long term wave-3 as per chart attached. It has equality target for positional investor of around 850 levels as per chart attached. Its value wave funda-techno investment idea for medium to long term investor from both fundamental & Technical perspectives. One should buy at current market price or any kind of decline or consolidation with SL-200 for such positional targets in medium to long term. Risk reward is favourable to buy at current levels. One should keep time horizon for around 2-3 years for such targets.
TATA ELXSI:
CMP-1352.60

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TATA ELXSI started wave-V of 3 on monthly charts. It has positional conservative target of around 2500-2800 levels in medium term from investment perspectives. Its value wave funda-techno investment idea for medium to long term investor from both fundamental & Technical perspectives. One should buy at current market price or any kind of decline or consolidation with SL-975 for such positional targets in medium to long term. Risk reward is favourable to buy at current levels. One should keep time horizon for around 1-2 years for such targets.
It has also already confirmed 5 wave advances on daily chart from recent bottom of around 1021 levels as per chart attached.It’s also good sign for value wave investor at current levels.

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