ITC | BUY | Target Price: Rs 300 | Stop loss: Rs
259
This stock has formed a bullish candle with a
long lower shadow on the weekly chart, which indicates that the momentum is in
favour of the bulls. The stock price has started a new rising leg post a
throwback fall (which ended at Rs 266) and in smaller degree higher top and
higher bottom formation is developing. Price is in the internals of “wave C”;
so more upside move is expected in the coming days. In addition, the
price ..
Analyst: Mazhar Mohammad, Chartviewindia.in
DCB Bank | BUY | Target Price: Rs 176 | Stop loss:
Rs 154
The recent correction brought down this stock
towards its long-term support levels placed around Rs 155 from where it bounced
back on multiple occasions in the past. In the last couple of trading sessions,
this counter has rightly attracted buying support from the lower levels of Rs
157 as pointed out by long lower shadows. “Positional traders
shoul ..
Analyst: Milan Vaishnav, CMT, MSTA
ThermaxNSE -0.74 % | BUY | Target Price: Rs 1,120 |
Stop loss: Rs 1,005
The stock scaled above Rs 1,309 level at its
high in 2018 and since then in has been seeing a corrective decline. Recently,
it tested lows around Rs 990 and has attempted to form a potential base. There
are strong possibilities of a technical pullback. The daily MACD stays in
continuing buy mode. An engulfing bullish candle has emerged on the
d ..
Analyst: Vaishali Parekh, Prabhudas Lilladher
IndusInd Bank | BUY | Target Price: Rs 2,000 | Stop
loss: Rs 1,860
The stock has given a correction from the peak
of Rs 1,990 to show signs of bottoming out at around Rs 1,880 levels and has
currently indicated a positive candle pattern in the daily chart to signify
strength for further upside movement in the coming days. The RSI also has shown
a trend reversal from the oversold zone and has given a buy ..
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