Sharetipsinfo has suggested to buy Bajaj Holding with buy rating above Rs 744 with a target price of Rs 770-800 and a stop loss at Rs 732.
The website, technicalanalyisisofstocks, recommends buy on the stock of Bombay Dyeing with the target price of Rs 386 and a stop loss at Rs 365. The stocks patterns suggests it is trying to cross multiple tops.
Vaishali Parekh, Technical Analyst, Prabhudas Lilladher, stated the following stocks in Economic Times:
DLF: Here the recommendation is buy with a target price of Rs 260 and a stop loss at Rs 235. The stock has made a good base at Rs 210 levels, forming a higher top higher bottom with favourable indicators and higher volume. We recommend a buy with a closing stop loss of Rs 235 for an upside target of Rs 260.
Reliance Industries: This oil and gas major is also a buy with a target price of Rs 952 and a stop loss Rs 850. After a steep fall from Rs 1,065 levels to a low of Rs 830, the stock has remained an underperformer but has stabilised at Rs 840 levels. The stock is now showing strength and is in a rising mode with higher volume and improving indicators. Buy Reliance with a stop loss of Rs 850.
Bombay Dyeing: Parekh recommends a buy on this one with a target price of Rs 400 and a stop loss at Rs 360. The positive MACD, rising RSI and other favourable indicators with higher volume in the daily chart show a likeliness of a breakout above Rs 386 for the stock to touch the level of Rs 400. The stop loss is placed at Rs 360.
IRB Infra: The infrastrucure company has a recommendation of buy with a target price of Rs 200 and a stop loss at Rs 181. Apositive divergence in the weekly chart and a higher bottom, higher top formation with very high volume in daily chart show strength for the stock to see the level of Rs 200. We recommend a buy at the current level and also on a decline with stop loss of Rs 181.
GSPL: The recommendation for this company is also a buy with a target price of Rs 100 and a stop loss at Rs 94. The stock has been seeing a fresh round of upside move with higher volume and improving indicators. The hourly chart also shows a move above moving averages of various periodicities, indicating further strength. Buy GSPL with a closing stop loss of Rs 94.
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