Independence Day Special Stocks!
“The Future Depends On What You Do Today”
Since the start of the current one-way Rally eight weeks ago, there have been no indications of weakness or sluggishness.
Every week, the Bull Party has grown stronger while also overcame significant Resistances. Due to this, both indices have created a large white body candle that resembles a large white body marubuzo on the weekly time frame.
On this Auspicious day of our 76th Independence we are sharing some special swing trading ideas for the coming Days!
1. Transport Corporation of India
TCIL is present across multiple segments of the logistics industry, including transportation, warehousing, and supply chain management. Additionally, TCIL offers multi-modal services to customers through roadways, railways, and seaways routes.
The stock has formed ascending triangle pattern in weekly time frame and closed above multiple resistance level 740-750 greater than average volume.
One can consider buying this stock in the range of 735-760 for the upside of 860,900 with the stop loss of 650-660.
2. Tata Motors
Tata Motors Group is a leading global automobile manufacturer. Part of the illustrious multi-national conglomerate, the Tata group, it offers a wide and diverse portfolio of cars, sports utility vehicles, trucks, buses and defence vehicles to the world.
It has operations in India, the UK, South Korea, South Africa, China, Brazil, Austria and Slovakia through a strong global network of subsidiaries, associate companies and Joint Ventures (JVs), including Jaguar Land Rover in the UK and Tata Daewoo in South Korea.
Tata Motors has came out of long consolidation phase of 375-450 and currently trading at 477.55 and closing higher every week with positive bias.
One can Buy at every dip till 450 for the upside target of 530 and 550 with the stop loss of 420-425.
3. Indraprastha Gas
Incorporated in the year 1998, Indraprastha Gas Limited (IGL) is in the business of city gas distribution in the National Capital Territory of Delhi. IGL also supplies the gas to the near by regions of Noida, Greater Noida, Ghaziabad, Hapur, Gurugram, Meerut, Shamli, Kanpur, Muzaffarnagar, Karnal and Rewari, Hamirpur, Fatehpur, Ajmer, Pali, Rajasmand.
IGL is formed as a JV promoted by GAIL (India) Limited and Bharat Petroleum Corporation (BPCL).
The stock rose more than 20% last week, coming out of 5 month consolidation zone led by positive news coming out of from government for city gas distribution companies.
Consider accumulating if stock came to 400 level which is breakout level for the target of 452, 510 with the stop loss of 375-380.
4. Goodluck India
Goodluck India Ltd is an engineering conglomerate engaged in the business of manufacturing and selling engineering products such as sheets, pipes, engineering structures, fabricated structures, forgings, and automobile tubes.
The company’s product portfolio includes Galvanized Pipes, Square & Rectangular Pipes, CDW Tubes, CR Coils & Sheets, Forgings, Fabricated Steel Structure, Transmission & Telecom Towers.
The stock showing tremendous strength with heavy buying interest and RSI above 65 in weekly time frame.
After breakout above 333 level it has made doji type candle in weekly chart which indicate further upside till 400-420 from current level with the stop loss of 325-335.
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