Portfolio Review: ICICI Bank, L&T, JSW Steel and Vedanta – Investing.com India

Stock Market

PORTFOLIO ANALYSIS & REVIEW

Portfolio evaluation includes present inventory evaluation in an Investment portfolio. We have executed a whole inventory evaluation of an present holding. Here is a abstract of our assessment.

ICICI Bank Ltd (NS:)

  • Qty – 1503
  • Avg. value – 368.6/-
  • Total value – 5,54,005/-
  • Current value – 334.85/-
  • Current worth – 5,03,279/-

TECHNICAL OBSERVATIONS (WEEKLY):

  1. Price was in an uptrend since 2016.
  2. Uptrend accelerated from Mid-2018.
  3. The inventory value has slipped into sharp decline throughout March 2020. Downside breakout confirmed.

TECHNICAL OBSERVATIONS (DAILY):

ICICI Bank Daily

  1. Daily value is shifting between the Upward sloping consolidation zone.
  2. An Upside or Downside breakout will occur in close to days.

CONCLUSION
Accumulate this inventory in between 230-270 which is main help.
ICICI Bank (NS:) share value goal 480-550.

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Larsen & Toubro Ltd (NS:)

  • Qty – 500
  • Avg. value – 1226.2/-
  • Total value – 6,13,095/-
  • Current value – 851.2/-
  • Current worth – 4,25,600/-

TECHNICAL OBSERVATIONS (WEEKLY):

LT Weekly

  1. Since 2009, the L&T share value is clearly in Uptrend.
  2. Uptrend accelerated additional within the mid of 2013 and make excessive close to 1600.
  3. Major Support nonetheless holds.

CONCLUSION
Share Price might take a look at main help once more.
Accumulate this inventory in between 670-750.
L&T Price Target (NYSE:): 1400-1500.

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JSW Steel Ltd (NS:)

  • Qty – 750
  • Avg. value – 262/-
  • Total value – 1,96,500/-
  • Current value – 153.25/-
  • Current worth -1,14,937/-

TECHNICAL OBSERVATIONS (WEEKLY):

JSW Weekly

  1. JSW Steel (NS:) witnessed a powerful rally throughout 2013-2019, rallying from ₹46 to lifetime excessive of ₹427.55
  2. Sharp uptrend breakout in July 2019 and value fall to ₹140 which is powerful help.
  3. Breaking this help will push the value additional beneath at 85.

TECHNICAL OBSERVATIONS (DAILY):

JSW Daily

  1. Rising wedge formation.
  2. Gap down and Downside value breakout.
  3. Price might attain 130-140.

COMMENT
Sooner or later, the inventory might take a look at 130-140 once more. This may very well be a possible shopping for alternative contemplating the help holds.
JSW Steel Price goal: 260 – 280.

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Vedanta Ltd (NS:)

  • Qty – 2000
  • Avg. value – 135.67/-
  • Total value – 2,71,340/-
  • Current value – 77.95/-
  • Current worth – 1,55,900/-

TECHNICAL OBSERVATIONS (WEEKLY):

Vedanta Weekly

  1. Vedanta share value had already examined the yearly help at 60.
  2. Currently, the value is consolidating in between the highlighted space.

CONCLUSION

Accumulate this inventory at 60-65.
The Vedanta goal will likely be 110-115.
After the resistance breakout close to 115, the value might go additional upwards close to 200.

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