JM Financial Monthly Chart Analysis- 27Nov2019

JM Financial is a leading non-banking financial company (NBFC) of India. The monthly chart of JM Financial looks bearish as of today, 27 Nov 2019, because it completely lost all the gains on this month. The stock started the Nov 2019 month at 80 and went up till 100, and is now back at 83, which indicates significant selling from the 100 level.

Below 80, the stock can go down till 60, though there are multiple supports between 60-72 level. On the other hand, if the stock starts moving above 89, then it will become very bullish, and then stock can test 100, and also cross it to reach 120-125 levels.

Investors can buy some shares at 80-81, and wait for either 72 or 89 to buy more. All prices below 80 are attractive for 1-2 years timeframe. Above 100, the stock will be in strong uptrend, and one can buy in large quantity for target 120, which will be 20% upside. From 80, the target of 120 will give 50% gain. For the year 2020, 120 is the first target, and 150 is the second target. So for the year 2020, JM Financial stock has range of 60 on downside to 150 on upside.

Posted in Financial Stocks, Foreign Investors, Indian Stock Market, Stock Investments, Stock Market News | Tagged , | Leave a comment

S&P500 vs Caterpillar(CAT) Performance-22Nov2019

S&P500 vs Caterpillar (CAT) Stock Performance from 01Apr2014 to 22Nov2019

Caterpillar (CAT) is a global corporation, and its stock has been facing the full impact of the uncertainty and slowdown created by US-China trade war. The stock is currently breaking out from a double bottom pattern and moving up for target $165-170 level, from the current price of $143 per share. The early buy signals came at $120 level.

Stock Trading Strategy: The right time to buy Caterpillar (CAT) stock is when the market is badly down along with this stock price beaten down for global recession fears. Mining industry has been down for many years, so Caterpillar may get some positive growth from the recovery in global mining industry. Caterpillar is truly a long term investor’s stock, and it has created big gains for investors buying the stock on deep corrections.

Posted in Industrial Stocks, Stock Investments, Stock Trading, US Stock Market | Tagged , , , , , , , | Leave a comment

S&P500 vs Nifty50 YTD Performance-22Nov2019

This year 2019, is one of the best for S&P500 index, with YTD gain 25.13% and compared to that solid performance, Nifty50 index of India has YTD gain of only 9.71%, most of which has come in last 2 months, after being at negative YTD gain in Aug-Sep 2019.

The S&P500 has been the trend setter and leading indicator for other global equity indices, including Nifty50 index of India. A significant divergence from S&P500 by Nifty50 on the downside, has been a buying opportunity in previous years, and it was the same this year too.

Posted in Indian Stock Market, Stock Market News, US Stock Market | Tagged , , , | Leave a comment