24th May 2019
Yes bank Review:-
Fundamental not that bad, got added extra fund to overcome the crisis, see the link below.
Now coming to technical, as per candle chart analysis, yesterday sell occurred when market was opened not at closing time which is good, though don’t see any hope of immediate upside movement as of now. Still we have to wait to see it moving.
Conclusion: For sure it will move up, but the problem is new CEO is following up conservative and less aggressive approach, that’s why the stock is not in limelight. The benefit of conservative approach is to minimise any risk. Now I at least don’t have any data how and when it will do some good profit. We all have to wait to see big profit which is not planned yet. Finally if the fundamental is good and it’s not taking any risk that means over the period of time bank will do profit but progress would be slow like any government policy less return?
Buy Jubilant Lifecycle@505 or below, it will cross 700 in next 3 months, may be down side a bit due to correction. Buy on every dips and wait for money rain. Happy trading. **Note: Please don’t buy who wants profit is a week or so. It may go down for sure. So monitor and buy on dips and rest will see after 3-6 months
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22nd May 2019
Jubilant Food Update: Fundamental is all time good, not getting proper technical support though, so not much upside movement, it may go down further from here. Even it happens so, it will bounce back, only thing you have to wait longer than expected. For sure there is no abrupt spike, have some patience, in 3-6 months time period, it will rock..
**Stock in limelight, RIL, DCM Shriram, Just Dial.
**Upcoming watch list : Biocon, Bajaj electrical, kalpataru power.
I will share more insight tomorrow. Stay visiting my blogs and share your comments too.
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