This week NIFTY opened at 15525. on 22nd Jun 2021 touched 15895, which is close to the all-time high (15901); and closed at 15860. in this article, I am sharing my own research analysis. I do this sort of analysis for my trading purposes, please remember that the figures shown in this research article are not accurate, so please don’t use any of these figures for trading. please do read the disclaimer.
First, let’s have a glance at the World’s Major Indices:
|Indices Name||Close||High||Low||Change||% Change|
My trading range on Nift50 for the this week will be 15721 to 15980. I will Buy in between the range 15721 to 15771 and sell before 15970, my stop loss will be 15615.
This week I will observe G M Breweries Ltd (GMBR) because the Ex-dividend date is on 28thJun2021, the company has declared an equity dividend of Rs.3/- per share. I am Expecting an upside move but first, the stock must come down to 560 to 570 range after, 28th of June 2021.
The next stock on my radar is Gallantt Metal Ltd.
This stock looks Bullish, so I am planning to gain 10 to 15 % within the month, let me explain how.
Technically this stock shows Buy on my analysis.
Moving Average analysis shows 100 % Buy at the CMP (68.80).
Super Trend Analysis says Buy.
This stock is above Pivot Point which means it’s Bullish
Break out the previous red candle and formed a Bullish harami candlestick pattern on 26th Jun 2021. This is another buy signal.
Momentum Oscillator RSI is on 63.1 I can trade till the range RSI 80, so there is a possibility for a sort-term buy and it’s sufficient to gain 10 % in this trade.
What is the buy-sell price of Gallantt Metal Ltd.
Now come let’s analyse the entry and exit price:
When I see the 15 minutes candles open above 69.30, I will buy Gallantt Metal Ltd stock. My first Target price is 73. The second target price is 75. my final target is 77.50, and my stop loss will be 67.
My next stock is Petronet LNG :
Petronet stock buy price, target, stop loss will be our next analysis in this research report on Chart Of The Week Stock.
Petronet LNG stock is in the Strong Sell zone in my technical analysis, but more investors are showing a good number Delivery rate on Petronet stock in the recent days, and Petronet LNG company has declared a final dividend of Rs.3.5 per share. I am expecting a high-volume trade the next week.
For high-risk trading Buy price for Petronet stock is between 221 to 227, and for safe trading, the Buy price of Petronet LNG stock is above 235. My first Target price is 244. The second target price is 253.5, my final target is 261, and my stop loss will be 215.
S H Kelkar & Company Ltd share is also in my watchlist:
In my technical analysis Moving Average shows 100 % Buy at the CMP (176).
Super Trend Analysis says Buy.
This stock is above Pivot Point which means it’s Bullish, Momentum Oscillator shows 100 % Buy.
SHK stock is technically in the strong buy zone. technically SHK stock buy price is 164, for high-risk trading buy price is 172, for safe trading SHK buy price is above 185. My first Target price is 195. The second target price is 203, my final target is 205, and my stop loss will be 150.
Please click the below video and see how much I earned from one stock from this article, this video was uploaded on Jun 30 2021.
Stocks to observe :
IDEA, KOTAK BANK, TCS, HDFC BANK, INDUSTOWER, ONGC, GUJGASLTD, MGL, RELIANCE,
MARUTI, AUBANK, IGL, BANDHANBNK,
Tell us your opinion on the above stock swing trade as well. Please subscribe to my Share Market Guesstimate Youtube channel. thank you so much see you again.