CMP: Rs 3,047.85
TARGET: Rs 3,200
STOP LOSS: Rs 2,980
The stock on several occasions has formed a higher bottom pattern and rallied from the support taken to form a new high. Similarly, a higher bottom formation is indicated currently taking support near Rs 2,980 levels and the relative strength index (RSI) is also on the verge of a trend reversal to imply further strength and potential to rise in the coming days. With good volume participation witnessed, we recommend a buy in this stock for an upside target of Rs 3,200 keeping a stop loss of Rs 2,980.
CMP: Rs 74.35
TARGET: Rs 80
STOP LOSS: Rs 71
The stock has made a higher bottom formation taking support near the significant 200-DMA and has produced a bullish candle to signify strength and has made the chart look attractive with a positve bias maintained. With also the RSI indicating a trend reversal to signal a buy and with good decent volume activity witnessed, we recommend a buy in this stock for an upside target of Rs 80 keeping a stop loss of Rs 71.
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.