The stock of ACC has made a higher bottom formation in the daily chart and has picked up momentum
The stock has made a higher bottom formation in the daily chart and has picked up momentum with a positive bias making the chart attractive. The RSI has also shown a trend reversal to signal a buy and we suggest to buy and accumulate this stock for an upside target of 1,350-1,380 levels, keeping the stop loss of 1,110.
BUY ICICI LOMBARD GIC | CMP: 1,290 | Target: 1,450-1,500 | Stop Loss: 1,230
The stock has indicated a breakout above the trendline resistance zone and has entered a new territory to imply strength and has potential to rise further in the coming days. The RSI is positive which is on the rise and maintaining a positive bias, we suggest to buy and accumulate this stock for an upside target of 1,450-1,500, keeping the stop loss near 1,210.
Disclaimer: All stock prices are in rupee denomination. Vaishali Parekh is a reseach analyst at Prabhudas Lilladher and may have positions in one or all of the above mentioned stocks. Views are her own.