Todayβs stock market morning review
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EXICOM
Fundamentals: The company is a very important player in the electric vehicle space and has launched India's "fastest DC charger" for electric vehicles with a power of up to 400 kilowatts. This is a proud milestone. At the same time, the new government will increase investment in the electric vehicle field, and the company will benefit in the long term.
Technical aspect:
The MACD indicator shows that the column below the 0 axis shortens, which is a bullish signal.
The daily chart shows that during this round of stock market crash, the stock successfully stayed above the trend line, indicating that the long-term trend is still bullish and the upward trend is very healthy.
It opened slightly higher on Wednesday and broke through the high point on March 5, indicating that the bullish power has revived. This is the best time to buy on dips!
Suggestion: Continue to hold shares and wait, and can add positions on dips!
Fundamentals: The company is a very important player in the electric vehicle space and has launched India's "fastest DC charger" for electric vehicles with a power of up to 400 kilowatts. This is a proud milestone. At the same time, the new government will increase investment in the electric vehicle field, and the company will benefit in the long term.
Technical aspect:
The MACD indicator shows that the column below the 0 axis shortens, which is a bullish signal.
The daily chart shows that during this round of stock market crash, the stock successfully stayed above the trend line, indicating that the long-term trend is still bullish and the upward trend is very healthy.
It opened slightly higher on Wednesday and broke through the high point on March 5, indicating that the bullish power has revived. This is the best time to buy on dips!
Suggestion: Continue to hold shares and wait, and can add positions on dips!
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If you still hold GLAXO, you can leave the market and take profit before the close.
If you have already left the market, please send me a screenshot of your trading history, thank you for your co-operation and support!
If you still hold GLAXO, you can leave the market and take profit before the close.
If you have already left the market, please send me a screenshot of your trading history, thank you for your co-operation and support!
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IMPORTANT NOTICE: π£π£π£
Dear friends, good morning everyone!
Now both NIFTY and BANKNIFTY have seen a βshoot-up-and-pull-backβ, in line with our analyst teamβs early predictions. Now that a large number of stocks have fallen again, our stocks have also been dragged down, but please don't worry, we expect to hold it for 1- 2 weeks, and we may leave the market early.
Our analyst team is paying close attention to market trends. If there are any changes, I will notify everyone in time!
Today, Thursday, we recommend that investors remain on the sidelines for the time being. "Cross-week golden stocks" will be launched on Friday, so stay tuned!
Dear friends, good morning everyone!
Now both NIFTY and BANKNIFTY have seen a βshoot-up-and-pull-backβ, in line with our analyst teamβs early predictions. Now that a large number of stocks have fallen again, our stocks have also been dragged down, but please don't worry, we expect to hold it for 1- 2 weeks, and we may leave the market early.
Our analyst team is paying close attention to market trends. If there are any changes, I will notify everyone in time!
Today, Thursday, we recommend that investors remain on the sidelines for the time being. "Cross-week golden stocks" will be launched on Friday, so stay tuned!
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Todayβs recommendation: HUBTOWN γHUBTOWN LTDγ
Buy at current price, buying range: 145 - 155
Target price: short-term target is 185; medium-term target is 205
Stop loss price: 130
Holding time: 1 week - 2 weeks
Reasons to recommend: Hubtown Ltd is engaged in the development, sale and leasing of commercial, residential, retail and industrial properties. SWAMIH invested in the Rising City project in Hubtown near the Eastern Expressway. The fund has been a key part of the government's measures to inject liquidity into stressed projects to help homebuyers across the country deliver their stuck apartments. Although the company's past financial report data was poor, the promoter's shareholding increased by more than 2% month-on-month, indicating that it is optimistic about the future prospects. Technically, it has maintained a consolidation mode in the past two months, accumulating more bullish power, the short-term trend is bullish.
Buy at current price, buying range: 145 - 155
Target price: short-term target is 185; medium-term target is 205
Stop loss price: 130
Holding time: 1 week - 2 weeks
Reasons to recommend: Hubtown Ltd is engaged in the development, sale and leasing of commercial, residential, retail and industrial properties. SWAMIH invested in the Rising City project in Hubtown near the Eastern Expressway. The fund has been a key part of the government's measures to inject liquidity into stressed projects to help homebuyers across the country deliver their stuck apartments. Although the company's past financial report data was poor, the promoter's shareholding increased by more than 2% month-on-month, indicating that it is optimistic about the future prospects. Technically, it has maintained a consolidation mode in the past two months, accumulating more bullish power, the short-term trend is bullish.
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Markets may see a less volatile session with low volumes in today's special trading, similar to the last few special sessions. Broader markets may see stock-specific action today, with traders having to brace for some restrictions.
Indian stock markets will remain open on Saturday, May 18, 2024, as both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) have scheduled a special trading session. This session, focused on the equity and equity derivatives segments, aims to evaluate the exchanges' disaster preparedness in the event of major disruptions. Earlier, a special trading session was held on March 2, 2024.
Hereβs what to expect from todayβs special trading session
The last three special Saturday sessions have been muted, with indices remaining in tight ranges and stock-specific action taking the spotlight due to individual news flows and actions. βIndian markets are expected to witness another less volatile session with low volumes in this special trading, similar to the last few special sessions,β said Arun Kumar Mantri, Founder of Mantri Finmart.
Trading restrictions and settlement calendar
Mantri expects broader markets to see stock-specific action today, with traders having to brace for some restrictions as before. Trading will occur in two sessions, and any open orders not executed by the end of the first session will be cancelled and not moved to the next session. There will be no intraday trading; only delivery trades will be allowed in the cash market. Additionally, circuit limits will be revised to 5 percent for stocks in the F&O segment.
Mantri noted that the settlement for trades executed on Saturday will occur on Tuesday, along with the sale proceeds, as markets remain closed on Monday due to parliamentary elections in Mumbai.
βAmong the markets, the ongoing momentum in mid and small caps is expected to continue, as sentiment remains upbeat on the street. However, action in the futures and options space will depend on intraday market moves. Given the long weekend and ongoing high volatility, traders are expected to stay on the sidelines, as intraday trades are not allowed and delivery positions may remain muted,β he said.
Timings: May 18 live trading session
The primary session for the cash market will commence with the morning block deal window from 8:45 am to 9:00 am, followed by the pre-open session from 9:00 am to 9:08 am. Regular trading for the primary session will run from 9:15 am to 10:00 am, followed by a break until 11:15 am.
For the second session at the disaster recovery site, the pre-open session will run from 11:15 am to 11:23 am, with normal trading scheduled from 11:30 am to 12:30 pm. Post-close order closing and modifications will be allowed until 1:00 pm.
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β Day-wise weekly forecast β
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