Sharetipsinfo has recommended HEG for cash intraday trade. The buy price for the stock is Rs 230 per share. The target for this stock is of Rs 236 per share, with a stop loss of Rs 227.
Today's pick by Puneet Kinra, Senior Technical Analyst, Equity Research, of Bonanza Portfolio has been featured in Economic Times. His recommendations are.
HCL Technologies: Kinra recommends to buy the stock with a target price of Rs 525 and a stop loss of Rs 460. The scrip has been trading in a long-term term uptrend and is showing strength within the gap zone of Rs480-500. After making a hammer on daily charts, the stock showed good strength on Thursday.
Dish TV: This stock also has a recommendation of buy with a target price of Rs 85 with a stop loss of Rs 65. The scrip is showing momentum strength from Rs66 and is trading in an overbought zone. Good buying interest has been seen on rally from Rs66 to Rs 76. Oscillators are supporting price strength. The target price is Rs 85.
TCS: Kinra recommends a buy for TCS also, the target price should be Rs 1,225 with a stop loss at Rs 1,050. The scrip has been consolidating within Rs 1050-1250 range for four months and is showing strength from its support at Rs1,090-1,110. The stock may be accumulated in the Rs1080-1135 range for a first target of Rs1180 and then Rs 1225.
Orbit Corp: For this stock, Kinra recommends a sell with a target price of Rs 35 and stop loss of Rs 54. The scrip has been trading in downtrend. The stock has a breakdown below its resistance at Rs 46. The stock is trading in oversold zone. It may be sold in Rs 41-45 zone for a target of Rs 35.
GVK Power: The power company is also on the sell list of Kinra with a target price of Rs 16 and a stop loss of Rs 26. The scrip has been trading in a downtrend and showing selling pressure after breaking down from support at Rs 22.25. On Thursday, it showed continuation of a downtrend with a big black candle and higher volumes. The target price is Rs 16.
Firstpost.com have picked the following 9 stocks that you should follow for the day: PFC, LIC Housing, Financial Technologies, Tata Motors DVR, Hotel Leela, GAIL, Adani Enterprises, Aurobindo Pharma and HDIL.
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