STOCK RECOMMENDATION FOR MEDIUM TO LONG TERM

For medium to Long term perspective, two stocks are looking very attractive to me on the basis of Elliot Wave Study. The first is LIC HOUSING FINANCE AND other is CENTURY TEXTILE. Both these stocks have embarked in their crucial "Third Wave" journey which is supposed to be the longest wave in the five wave series. So, both these stocks can be added in the portfolio for the above mentioned time frame. One should maintain the Stop Loss of 248 in Century Textile and 196 in LIC Housing Finance.


 

                           Daily chart of Century Textile

                          Daily chart of LIC Housing Finance




Happy Trading
         :-Neeraj

Buy COAL INDIA

Buy COAL INDIA for medium to long term (min for 6 months) with the stop loss of 260. This particular stock can cross the price range of 350 in the coming future.

-:Neeraj

Short Covering is over for the market (NIFTY)

Today we saw an end of the covering that was taking place for the last 3 sessions. 6210-6220 is a strong resistance zone for the market which is respected by the market. Now as the market has completed it Short covering we can see another downward movement for some time which should go below the level of 5975 if everything goes as per the chart pattern.

SELL TATACOMM FUTURES (NOV)

Sell TATACOMM (November Futures) for short term with a target of 245 and stop loss at 285. This particular stock is ready for the downward movement.

Regards:

Neeraj Dinmani

EDMAX Investment Solutions,

Phone- +91-9308944066, +91-9431458941

Email- dneeraj@edmax.in, dneeraj1611@gmail.com, dneeraj1611@hotmail.com

SELL L&T FUTURE FOR SHORT TERM

Larsen & Toubro (L&T) is has made a 'Double Top' pattern as well as 'Evening Star' pattern in its daily chart. It is a clear and visible "Sell" signal. So I would recommend to sell L&T Future for the short term with the Stop Loss of 895. The stock may come to as low as the level of 700.

Neeraj Dinmani

EDMAX Investment Solutions,

Phone- +91-9308944066, +91-9431458941

Email- dneeraj@edmax.in, dneeraj1611@gmail.com, dneeraj1611@hotmail.com