Indian stock market:- Latest news and analysis on Reliance, TCS, HDFC bank, ITC, ICICI Bank || Mini invest

Today the Indian stocks market is closed in the red. But, one dangerous signal has given by the stocks and price action. The P/E is around 32. Please keep an open eye on your portfolio or Set Stop-loss ( SL ) to all the stocks you have. 

The dangerous signal is given by the Indian stock market. Be safe.

Why we are telling that keep an open eye in the stock market and keep stop loss?

According to the technical analysis, The stocks are giving red signals. The history of the Indian stock market is that when P/E is more than the 30+, The market comes for profit-booking. So, Be safe from the trap and keep stop-loss to the stock that you have buy-in your portfolio.  

Disclaimer:- 

This analysis can go wrong also do any think on your own risk. If anything happens against the analysis the Mini invest is not responsible for that. 

We have an analysis of some main stocks of the Indian stock market like Reliance,  TCS, HDFC Bank, ITC, HDFC, ITC, ICICI Bank. We will share our analysis on these stocks. This is only the analysis, Not the perfect prediction. 

Reliance:- 

Reliance is the well-known stock in the Nifty 50 stock. Reliance is respecting one trend from the last 4 four months. But, now it has cut the previous trend line as you can see in the below image. The diversion in Macd and RSI has been seen. 

If you have to place stop loss than you can place @ 2090. Keep SL and be safe. 

Reliance:- Above the 200 EMA and Breakdown in the trend line.

TCS:- 

Tata consultancy service ( TCS ) is a large-cap stock. It is a favorite stock of the investors. There is not the red signal for the TCS.   But, If you are the long-term investor than keep a stop-loss below @2200. The diversion in Macd and RSI has come but there is no reaction in the price action or price pattern. 

Tata Consultancy service ( TCS ) chart analysis.

HDFC  Bank:- 

HDFC Bank is a large-cap stock. This is a favorite stock of the investors. This is famous among investors. Please don't take a position in the HDFC Bank. Because, The price action or price pattern, RSI, MACD, and EMA of 200, All the four major indicators giving a red signal.

If you have opposition in HDFC Bank than keep a stop-loss @ 480.  

HDFC Bank chart analysis 

ITC:-

ITC is a large-cap stock. It is in a downtrend from 2018. Please don't take a position in ITC. Because is below 200 EMA.

ITC Technical analysis - Mini invest

The technical analysis is given by Chetan Choudhary. The Indian stock market has given a Red signal please keep an open eye on your portfolio. The analysis on Reliance, TCS, HDFC Bank, ITC, HDFC, ICICI Bank is given by the Mini invest team.