Know the main points and gist of the news at a glance
New Delhi. The week of 16 to 20 February has been positive for the share market. However, after 3 days of good growth, the market lost all its gains on Thursday and closed with gains on Friday. Market sentiments still seem a bit weak regarding the possibility of war between Iran and America. In such a situation, experts have suggested 4 important shares for February 23, out of which two are bearish and two are bullish trading ideas.
Actually, the market is definitely weak but the shares of selected sectors remain bullish. These include metal, energy and government bank shares. In such a situation, it would be right to place bets in both weak and strong stocks.
Bullish advice in ONGC and SBI
Market expert Abhishek Bhatt has given buying advice in ONGC shares on the basis of technical analysis. The closing price of ONGC shares is Rs 278.65 and higher high-higher low are continuously being formed on the chart. In such..
If closing is found above 285 then a rise to 295-300 is possible. The trend is clearly bullish at the moment.
At the same time, SBI shares have been in uptrend for a long time. The shares closed at ₹1,216.10. On shares for new purchases..
If SBI shares go above 1,235 then space may open towards 1,270. The strength of banking is supporting it.
Bearish advice on Wipro and Asian Paints
Wipro shares closed at ₹209.86. Lower highs are being formed continuously on the chart. In such a situation, now these levels will be important for the stock...
If this stock slips below 205 then pressure may arise till 195. The IT sector looks weak at present.
Asian Paints — ₹2,427
Shares of Asian Paints are trading below 200-DMA. As an important level..
If closing comes below 2380, the fall may increase towards 2,300.
Also read- Shares of Mukesh Ambani's company are 'best option', claims America's famous bank, RIL stock will go up to this price
(Disclaimer: The information given here regarding shares is based on expert opinion, it is not an investment advice in any way. Since investing in the stock market is subject to market risks, please consult a certified investment advisor before investing.)
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