“Hero MotoCorp has consolidated near the neckline of the previous breakout. So, once you try to buy Hero MotoCorp at the current levels, on the higher end one can expect Rs 3,275 as the first target and once it breaches the zone, we can even see a Rs 3,300 level for Hero MotoCorp. The second one is Titan.”
“The first one is from the heavyweight banking counter i.e. ICICI Bank. Well, ICICI Bank is hovering near the lifetime high zone and it is expected that it should breach into the uncharted territory. The second counter is Muthoot Finance. Muthoot Finance has seen a very strong up move from the consolidation zone in today s market. ”
Read more about Dabur, ICICI Pru: Stocks that Osho Krishan of Anand Rathi is bullish on on Business Standard. The 14-period RSI has seen positive crossover affirming the bullish stance in the Dabur counter from a short to medium-term perspective
BUY Adani Enterprises Limited | Target: Rs 1,240 | Stop loss: Rs 1,050 ADANIENT is in a secular uptrend, trading in a cycle of higher highs and higher bottoms, indicating inherent strength in the overall counter. On the daily time frame, the stock has rebounded from its 21-DEMA, and sustaining above this, is expected to march with the same tandem. Also, the mean of the Bollinger band has historically proven strong support for the counter making it a favourable risk-reward ratio for a short-term duration.
BUY Sequent Scientific Limited | Target: Rs 274 | Stop loss: Rs 232 SEQUENT has seen some minor correction from the lifetime highs in recent times and has managed to sustain at higher levels post support of its 21-DEMA on the daily time frame, which was also the consolidation zone for the stock in the past. Even on the oscillator front, the 14 period RSI has rebounded to witness a positive crossover and is all set to march northwards, reassuring the strong trend in the counter.