ShareTipsInfo has recommended Unitech as the stock to be bought for future-intraday. Buy around Rs 33.40-34.50 for the target price of Rs 33-32 and place the stop loss at Rs 35.50.
The website, Technicalanalsisofstocks, recommends the stock of Coal India for the target price of Rs 412 and a stop loss at Rs 372. The technical signal represents a bullish breakout with high volume.
AK Prabhakar, Senior VP-Equity Research, Anand Rathi suggested the following stocks in Economic Times.
Coal India: Here Prabhakar's recommends a buy with a target price of Rs 399 and a stop loss at Rs 385. The stock gapped-down on negative news flow made a good bottom formation and gap is closed. The stock trades above available 100DMA of Rs 372 and 20DMA of Rs 375 has limited downside and has been outperforming market since listing.
Elecon Engineering: This stock too has a buy recommendation on it with target price of Rs 91 and a stop loss at Rs 81. The stock has made pole and pennant formation which is a continuation formation which is very bullish closing at Rs 189 trading days high. Formation made is rounding bottom which adds to depth and strength for the stock which trades above all major moving average.
Gujarat Gas: The recommendation here is also to buy with target price of Rs 452 and a stop loss at Rs 409. The stock has been consolidating and has given a breakout above trading range. It trades above all major moving average with 200 DMA and 100 DMA around Rs 380. Buy for the target of Rs 452 with stoploss placed at Rs 409.
Standard Chartered Bank: For this IDR listed company too Prabhakar has recommended a buy with a target price of Rs 98 and a stop loss at Rs 90. After the Sebi ruling on IDR which was a knee jerk reaction, the stock has been consolidating around Rs 90-95 and now downside seems to be limited and normally the gap levels get closed which has big upside.
Bharat Heavy Electricals: This heavy engineering company has a sell recommendation on it with target price of Rs 1,755 and a stop loss at Rs 1,865. The stock has broken down neckline from head & shoulder formation on higher volume, the stock trades below all major moving average which is negative. The stock has made 26-month low and on a derivative settlement long unwinding would create more selling pressure.
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