Buy or Sell Stock: King Venkatraman recommends three shares today – 13 February

with Comprehensive indexes are negative leftSome factors affect the trend. As a result, it is important to release our market participation strategy for this series. Recently dips quickly occurred, as these levels faced significant sales interest, effectively suppressed the speed of any boom.

Business approach

The trading route was mentioned yesterday, which was called for a change in the guard advocating ‘selling on the rally’. This scenario may continue as the trends are pressing.

The daily chart shown last week indicates that the Nifty remains under the fire as the bears are capable of claiming their authority. With a change in the guard, we continue to maintain any intraday rally towards 23200 as a sales area. As long as the trendline zone marked on the chart is left, we may experience some recession drives. Depending on the trends, we should now look at some stock-specific action to stay for the coming weeks. High levels offer a sales opportunity but the trends will not be linear.

While the broad indexes are looking to make a huge impact on the current situation, we need to see Midcap index, which is watching a sharp sale And the high-beeta is generating some sales interest in midcap names.

With a few more days to go for the end and any clear clarity of an inverted can see alternative data around 23200 as a ‘maximum pain point’, indicating that further trend will be challenging. In addition, the ‘put call ratio’ (PCR) is at 0.63, given that the overall trends are stressed and we are going into an oversold area. Someone should seek opportunities to go short.

The absence of clarity in the Nifty inspired the prejudice of a recession, which was eventually motivated to tested very high support around 22800. Despite some shares showing signs of boom in some shares, the impact on the market is temporary.

Three stocks to trade, recommended by King Venkatraman of Neotradder:

• Delhi: Sells below 274, stop 281, target 250

This counter has a section of long body candle which is observing a decline with volume, and the threshold violation at 320 levels has attracted a higher decline. Surprisingly, Q3 Despite encouraging the results, the trend could not be returned steady decline. The bear took proper advantage in this decreasing market. We can see some more recession with a strong breakfast with a long body candle. The relative power index (RSI) below 30 indicates, the trends may take a low dip.

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• Greaves Cotton: Buy above 280, stop 273 targets 305

There are some stable newsflows around this stock that are supporting prices in retaining the board back in the middle and small-cap. Now, prices have managed to revive on Wednesday, and RSI suggests that with support, the speed is also a reversal from the neutral region. Therefore, it would be a good time to consider that the possibility of growth is in the store.

• Bharat Forge: Sell below 1,090, stop 1,110, target 1,025

Auto stocks faced heat, but could not face pressure, and recently the decline in versions further extended the decline. The long body scam shown at the end of the fall on Tuesday highlights the speed of the underlying recession. As the attempt to move the lower attracts greater participation, the long -bodied candle presents a strong case of recession. The RSI has slipped below 30 levels, which tells us that there is further space for negative.

King Venkatraman is co-founder, neotradder.

Disclaimer: The views and recommendations given in this article are of individual analysts. They do not represent the ideas of mint. We recommend investors to investigate with certified experts before taking any investment decisions.

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