PORTFOLIO ANALYSIS & REVIEW
Portfolio analysis involves existing stock analysis in an Investment portfolio. We have done a complete stock analysis of an existing holding. Here is a summary of our review.
ICICI Bank Ltd (NS:ICBK)
- Qty - 1503
- Avg. cost - 368.6/-
- Total cost - 5,54,005/-
- Current price - 334.85/-
- Current value - 5,03,279/-
TECHNICAL OBSERVATIONS (WEEKLY):
- Price was in an uptrend since 2016.
- Uptrend accelerated from Mid-2018.
- The stock price has slipped into sharp decline during March 2020. Downside breakout confirmed.
TECHNICAL OBSERVATIONS (DAILY):
- Daily price is moving between the Upward sloping consolidation zone.
- An Upside or Downside breakout will happen in near days.
CONCLUSION
Accumulate this stock in between 230-270 which is major support.
ICICI Bank (NS:ICBK) share price target 480-550.
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Larsen & Toubro Ltd (NS:LART)
- Qty - 500
- Avg. cost - 1226.2/-
- Total cost - 6,13,095/-
- Current price - 851.2/-
- Current value - 4,25,600/-
TECHNICAL OBSERVATIONS (WEEKLY):
- Since 2009, the L&T share price is clearly in Uptrend.
- Uptrend accelerated further in the mid of 2013 and make high near 1600.
- Major Support still holds.
CONCLUSION
Share Price may test major support again.
Accumulate this stock in between 670-750.
L&T Price Target (NYSE:TGT): 1400-1500.
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JSW Steel Ltd (NS:JSTL)
- Qty - 750
- Avg. cost - 262/-
- Total cost - 1,96,500/-
- Current price - 153.25/-
- Current value -1,14,937/-
TECHNICAL OBSERVATIONS (WEEKLY):
- JSW Steel (NS:JSTL) witnessed a strong rally during 2013-2019, rallying from ₹46 to lifetime high of ₹427.55
- Sharp uptrend breakout in July 2019 and price fall to ₹140 which is strong support.
- Breaking this support will push the price further below at 85.
TECHNICAL OBSERVATIONS (DAILY):
- Rising wedge formation.
- Gap down and Downside price breakout.
- Price may reach 130-140.
COMMENT
Sooner or later, the stock may test 130-140 again. This could be a potential buying opportunity considering the support holds.
JSW Steel Price target: 260 - 280.
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Vedanta Ltd (NS:VDAN)
- Qty - 2000
- Avg. cost - 135.67/-
- Total cost - 2,71,340/-
- Current price - 77.95/-
- Current value - 1,55,900/-
TECHNICAL OBSERVATIONS (WEEKLY):
- Vedanta share price had already tested the yearly support at 60.
- Currently, the price is consolidating in between the highlighted area.
CONCLUSION
Accumulate this stock at 60-65.
The Vedanta target will be 110-115.
After the resistance breakout near 115, the price may go further upwards near 200.
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