(Also read views of Rajesh V in Traders Corner)
With this we bring to you today's stock recommendation from the experts.
Sharetipsinfo has recommended the stock of Bata India to buy above Rs 638 and a target of Rs 650-660 with a stop loss at Rs 630. This has been suggested for cash intraday.
Meanwhile, Sharegyan has recommended a sell on Shoppers Stop when the stock goes below Rs 460 and the target price is Rs 452 where as stop loss is Rs 465. The stock has earlier made low of Rs 455.
The website, Technicalanalysisofstocks, has recommended the stock of Navin Fluorine International for its bullish engulfing pattern near minor top. The target price is Rs 335 and the stop loss is Rs 304.
Somil Mehta, Sr Technical Research Analyst, Sharekhan has recommended the following stocks in Economic Times.
Tata Motors: Here the stock has a sell recommendation for its leg down with a target price of Rs 920 and stop loss at Rs 1,080. The stock has taken resistance around 38.2% retracement of the previous correction and has started its next leg down. On the daily chart momentum indicator, the stock has given a negative crossover.
Wipro: The recommendation is to sell the stock on bearish signal with a target price of Rs 380 and a stop loss at Rs 426. The stock has taken resistance around 50% retracement of the previous correction and has started its next leg down. On the daily chart momentum indicator, the stock has given a negative crossover.
DLF: The real estate stock has a buy rating on upside signal with a target price of Rs 275 and stop loss at Rs 214. The stock has formed an impulsive five-wave pattern and has also retraced 61.8% of the previous impulsive move and now the next new move on the upside is expected to start.
Bajaj Hindustan: Mehta's recommendation on this sugar industry leader is buy with a target price of Rs 85 with a stop loss at Rs 66. The stock has formed an impulsive five-wave pattern and has also retraced 50% of the previous impulsive move and now the next new move on the upside is expected to start.
Biocon: Here the recommendation is buy with a target price of Rs 425 and a stop loss at Rs 340. The stock has broken out from a triangular pattern on the upside and has started making higher top and higher bottom. On the daily chart momentum indicator, it has given a positive crossover.
First post has recommended the following list of stocks to be tracked for the day: Cipla, Allahabad Bank, Exide, Idea, Bank of Baroda, Hotel Leela, Hero Honda, IDFC and Financial Technologies (India).
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