Sunday, September 3, 2017

Technical Analysis for September2018 Nestle, Rel Infra and Mayur Uniquoters

Following is the analysis for Sept 5th

RELINFRA

A bearish bat formation seen in Rel Infra we will search for a shortimg opportunity.

CMP 521.7
SL 545
Target 500




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NESTLE

If Nestle opens weak we will make an entry around 6955 levels 6950 being a terrific support( orange dotted line ) for long I see 10000 coming in it in next 1 year. I see  huge volume build up in the stock all MF and FIIs have started accumultaing it. 




Mayur Uniquoters

Mayur Uniquoters is a unique company and market leader in artificial leather. The ban on leather imports from China and also cow slaughter ban is also benefiting the company.Pure leather products are quite unaffordable for masses and ppl have now started looking forward to artificial leathers. Use of latest technology and new product portfolios are supporting the business. The stock is below the support of 361 as of now and is trading at 355 we will only enter if the stock crosses 361 for intraday for 380-400 targets.

Long term investors can enter on market opening if the stock opens weak.

CMP 355
SL 230
Targets 380-400




Analysis done by @faadoostocks !!!
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