To buy two stocks, recommended by Marketsmith India
Muthoot Finance Limited: Current market price 2,317.8 | Procurement 2,270–2,330 | Profit target 2,730 | Lack closed 2,120 | Time limit 2-3 months
Sun Pharmaceutical Industries Limited: Current market price 1,746 | Procurement 1,720–1,760 | Profit target 1,890 | Lack closed 1,680 | Time limit 2-4 weeks
Three stocks to trade, recommended by King Venkatramon of NeoTrader
, Godrejcp: Sell down 1, 050 or more 1080 on rallies, stops 1,095, target 950
This counter has a long body candle that is seeing a decline in volume. Violation of 320 levels has led to further decline despite encouraging Q3 results, so more recession shops may occur.
Also read: Domestic demand in Q3 gets a vengeance in Q3 amid low feeling
, Sunflower: Buying up 230, stop 222 targets 255
There have been constant reports about this stock, which has helped rebound it despite some pressure. It saw a revival on Thursday and RSI also shows a positive deviation that can promote speed. Look to start for a long time.
, Piind: Sell on CMP and rallies 3,250, stop 3,275, target 3,165
Chemical stocks have been unable to show signs of a revival. The sharp decline of PI Industries below 3,400 has recorded a sharp decline. With the increase in the market uncertainty, one should look at the increasing participation on the negative side.
To buy three stocks, recommended by Ankush Bajaj
- Bharti Airtel Limited: Purchase 1,714.60 | Target 1,750-1,780 | Lack closed 1,686
Stocking up is closing 1,686 (recently swing high) confirms a breakout, converting resistance into support. The RSI indicates strong speed, which suggests purchasing pressure. With the confirmation of the volume, there is a possibility of a healthy pullback or moving in the coming days.
Also read: Can Ashok Lyland’s staller walk on margin?
- JK Cement Limited: Purchase 4,795 | Target 4,910-4,930 | Lack closed 4,760
Yesterday, after an initial sale, the stock retaliated with a strong volume. Taking a business with a small stop loss appears on an hourly chart as RSI deviations. The setup potentially indicates reversal if the speed is maintained. Seeing the major resistance level for confirmation.
Also read: Buying quality stock in challenging time is a long -term strategy
- Cholamandalam Investment and Fin Company Limited: Purchase 1,390 | Target 1,430-1,450 | Lack closed 1,360
On a 30 -minute time frame, the stock has shown strong speed, indicating the strength of the fast. The RSI is confirming the purchase of pressure, while the ADX suggests a trending market with constant strength. If the stock holds the major support level, the uptrend may be released, but traders should look to the volume confirmation.
About analysts: Marketsmith India is a stock research platform. King Venkatraman is co-founder, neotradder. Ankush Bajaj is a sebi-regulated research analyst.
Investments in securities are subject to market risks. Read all the related documents carefully before investing. The registration given by SEBI and no certification from the NISM is whether no one guarantees the performance of the mediator or provides any assurance of returns to investors.
Disclaimer: The views and recommendations given in this article are of individual analysts. They do not represent the ideas of mint. We recommend investors to investigate with certified experts before taking any investment decisions.
