Stock Tips for today, Aug 1, 2011: Buy Sesa Goa

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Stock Tips for today, Aug 1, 2011: Buy Sesa Goa
The stocks are expected to witness a rally today, keeping this in mind, the experts have suggested the following set of stocks.  

Sharetipsinfo has suggested for positional futures today, it suggests to buy RCom on opening of market. The target price for the stock is Rs 106-108 and the stop loss is suggested at 101.

The website, technicalanalysisofstocks, suggests to sell Sesa Goa. The dark cloud near minor top. This pattern is probably news driven. The target price suggested is Rs 260 where as stop loss is to be kept at Rs 300.

Aditya Vora, Director - Research, ULJK Financial Services suggests the following stocks in Economic Times.

ABG Shipyard: This stock too has a buy recommendation for a target price of Rs 411 and a stip loss at Rs 382. ABG Shipyard has signaled a breakout from its inverted head and shoulder pattern on the daily chart. The price pattern suggests a minimum target of Rs 411 level. On the daily chart, the RSI has given positive crossover, indicating further upside in the stock.

Idea: Vora recommendsa buy on this stock with a target price of Rs 112 and a stop loss at Rs 89. Idea Cellular has broken out from its bullish flag pattern on the daily chart. The upside projection of the same pattern suggests a target of Rs 112. The daily MACD lines are above the signal line and also have given a positive crossover which confirms the upside in the stock.

Tata Global: This tata group company has a recommendation of buy for a target price of Rs 130 and a stop loss at Rs 98. Tata Global has formed double bottom pattern on the weekly chart. With a close above the neckline of Rs 109, the stock will enter in bullish trend. The momentum oscillators on the weekly chart suggest a possibility of an upward move in the coming trading sessions.

Jindal Steel: On this stock, the analyst has recommended a sell with a target price of Rs 550 with a stop loss at Rs 612
Jindal Steel has been consolidating a around Rs 600-750 for last one and half years. On Friday, the stock has broken out from the lower end of the trading range on the weekly chart. The weekly MACD and RSI have turned negative which confirm the downside.

Hindustan Oil Exploration: Here the recommendation is to sell for a target price of Rs 161 and a stop loss at Rs 174.50. The stock has broken out from its triangular pattern on the daily chart with negative MACD. The price pattern suggests a minimum target of Rs 161. Momentum oscillators, like stochastic, have given a negative crossover.

Today, Firstpost have chosen to follow and keep track of the following stocks: Axis Bank, Aban, Reliance Industries, Bajaj Auto, Bank of Baroda, Dish TV, Exide, EKC and Tata Motors.

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OneIndia Money DISCLAIMER: OneIndia Money provides you with information covering shares, futures and options based on broker's reports as stated on various media. Investors are, however, warned that they should NOT take any buy or sell decision based on these views expressed in the article. Investors should consult their own financial and share advisors before taking purchase or sale decisions. OneIndia Money does not take any responsibility for any losses incurred by investors who take their cues from the above article.

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