Hindalco stock hit fresh 52 weeks low near 73 rupee levels. This will be forth losing week for stock prices and in these 4 weeks stock tumbled from 110 to 73 so almost 25% cut in very short time. Here stock prices are deeply oversold and expect some panic bottom around 65 rupee but from next 2-3 years view fresh investors can add this stock to their portfolio in staggered manner. My next 12 to 24 month target levels will be 145 rupee.
ONGC stock made recent panic low around 210 rupee. This stock also lost almost 80 rupee in last 4 weeks period. Here 200 levels is best buy level in any panic sell off. Fresh investors below and around 200 rupee levels can start buying in this stock with 12 to 24 month price target of 300 rupee.
ICICI BANK stock hit fresh 52 weeks low today. Here 250 and 210 are strong historic support zones and best buy levels for fresh investors. On upside 315 will remain as 12 to 24 month period target zone for this stock.
Heromotoco stock today hit fresh 52 weeks low around 2250 rupee levels. This stock in last 3 weeks period tumbled from 2700 rupee to 2250 rupee levels. Lost 450 rupee in price and deeply oversold on weekly chart. Here 2230 and 2100 are support zones as well as best buy zone for investors with 12 to 2 4month view for target 2950.
SBIN stock today hit fresh 52 weeks low around 224. On weekly chart in last 4 weeks stock tumbled from 290 to 220 levels. Lost 70 rupee or almost 25% in price. On weekly chart sbi stock has support zones around 210 and 180 rupee levels and these will be best buy zone for long term investors with 12 to 24 month view. On upside 310 will remain as long term target for sbi stock.