Here’s why some stocks look interesting as of now
LIC Housing Finance stock at Line of Support
Source: Chartalert.com
The stocks repeat their behavior. LIC Housing Finance stock has a history of bouncing from the levels of 390 in the past. The stock is right at that level. Can it do the same again? One can hope so
Petronet – Large Candle Breakout
Source: Chartalert.com
Petronet stock recently made a large candle move and since then has turned quiet trading sideways. Usually, that’s considered bullish and one can hope for good times ahead.
Naukri at 200 dma
Source: Chartalert.com
Strong stocks tend to outperform and get strong support at moving averages. Naukri stock has been outperforming for quite some time. The stock took support at 200 dma of 1300-1350 in October 2018 and now almost 11 months later, it’s doing the same – formed double-dip support at 200 dma. This looks like a great opportunity on a pullback near 200 dma. As long as stock holds 1800, one can hope for good days ahead.
GSK Consumer: Breakout in Action
Source: Chartalert.com
Glaxo Consumer stock made a large candle move and now the stock has pulled back. Hopefully, the uptrend will resume again.
Summary