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Nifty: Market Watch: More pain ahead for Dalal Street stocks? | The Economic Times Podcast

Nifty: Market Watch: More pain ahead for Dalal Street stocks? | The Economic Times Podcast
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

Top trading ideas by Mehul Kothari: Buy Escorts, Maruti Suzuki

BUY ESCORTS | TARGET: Rs 1,190 | STOP LOSS: Rs 1,070 The stock ESCORTS has corrected from the top of over 1,400 to the recent bottom near 1,100-mark. This has brought the stock under oversold zone in smaller time frame. At this juncture, the stock is trading near the potential reversal zone of a bullish harmonic patterns called Butterfly . For a medium-term trader, this could be a perfect price to go long with a time frame of 2 – 4 weeks. Thus; traders are advised to buy the stock in the range of 1,120 - 1,100 with a stop loss of 1,070 for the upside potential target of 1,190 in 2 – 4 weeks. BUY PFC | TARGET: Rs 125 | STOP LOSS: Rs 96

Top trading ideas by Mehul Kothari of Anand Rathi: Buy HEG, L&T

BUY HEG | TARGET: Rs 2,520 | STOP LOSS: Rs 2,150 HEG stock after trading with a strong uptrend recently underwent some consolidation. During this phase, it was oscillating in a range of Rs 2,000-2,250. In the previous session, the stock managed to break out from this range with decent volumes which indicates accumulation. Hence, traders are advised to buy the stock near Rs 2,280 with a stop loss of Rs 2,150 for an upside potential target of Rs 2,520 in 1-3 weeks. BUY LARSEN & TOUBRO | TARGET: Rs 1,450 | STOP LOSS: Rs 1,300 Recently Larsen & Toubro corrected from the peak of Rs 1,600 and settled near the Rs 1,300 mark. During the process, it made a falling wedge formation. In the previous session, the stock confirmed a breakout from this pattern which has a theoretical target of at least Rs 1,450. The price action was supported by the positive placement of oscillators along with a ‘hammer’ formation on the weekly scale. Thus, traders are advised to buy the stock near Rs 1,350

Top trading ideas by Anand Rathi: Buy Bajaj Finance, DLF, Maruti

Top trading ideas by Anand Rathi: Buy Bajaj Finance, DLF, Maruti
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

Top trading recommendations by Anand Rathi: Buy Dr Reddy s Labs, Bata India

BUY AMARAJBAT | TARGET: Rs 900 | STOP LOSS: Rs 750 In the month of Jan 2021, AMARAJABAT was trading above 1,000-mark. Now, the stock is hovering near 800 odd levels. It’s around 20% correction from the top but the stock is still in the long-term uptrend. At this juncture, the stock is hovering near the potential reversal zone of a bullish harmonic pattern. In addition; it is at the support of a falling trend line on the daily chart. The risk to reward ratio for going long is highly lucrative in this stock. Hence, traders are advised to buy the stock in the range of 800 - 790 with a stop loss of 750 for the upside potential target of 900 in 3 – 5 weeks.

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