Stock Tips for Aug 26, 2011: Buy Fortis and Idea

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Stock Tips for Aug 26, 2011
The stock recommendation for August 26, 2011 includes many stocks ranging from the likes of Fortis Healthcare, the hospital chain, to Idea Cellulars, the telecom company, and many more.

Two of the analysts we cover recommend the stock of Idea the uptrend the stock is witnessing. Although there target and stop loss price are different.

The website, technicalanalysisofstocks, has recommended a buy on Fortis. The target price to be set for the trade is Rs 160 and the stop loss at Rs 140. The 13 days moving averages was crossed by daily price level and it is also crossing oversold zone.

Punit Kinra, a Senior Technical Analyst with Bonanza Portfolio, suggested the following stocks in Economic Times.

Idea: There is a buy recommendation on the telecom company with target price of Rs 105-110, and stop loss of Rs 87. The stock was trading in flag formation since August 1. On Thursday, the stock broke out above resistance at Rs 95 levels with good volumes.

IGL: Here too the recommendation is buy with the target price in the range of Rs 454-468 and stop loss at Rs 400. The scrip trades in long-term uptrend and short-term uptrend. On Wednesday (August 24,2011) the stock made an all-time high at Rs 437 with higher volumes. The stock may be accumulated at Rs 436-420 for first target Rs 454 and the second target at Rs 468.

HEG: For this stock there is a sell recommendation with a target price Rs 208-214 and a stop loss Rs 238. It is trading below 200 day moving averages (DMA) and is also trading in short-term downtrend and resuming selling pressure from resistance at Rs 227 levels. Keep stoploss above Rs 238 on a daily closing basis.

IRB: There is a sell recommendation on this stock for the target price of Rs 126-136 and a stop loss at Rs 168. The stock shows a down trend on both the long-term and short-term parameters.

DB Realty: Here too the recommendation is sell with a target price of Rs 50-56 and a stop loss at Rs 71. The stock trades below intermediate support at Rs 68. On Wednesday, August 24, it made an all-time low at Rs 61 and closed near it. The stock is oversold on daily charts.

First post recommends the following stocks

3i Infotech (Sell below Rs 25.85, target of Rs 24)
The information technology stock was hammered along with other mid-cap stocks on account of poor performance by MPhasis. The company trades close to its all time low of Rs 25.

Areva T&D (Buy above Rs 216, target of Rs 225)
Supported by volumes the stock of Areva T&D has bounced back from its previous low. The stock has fallen over 30% in the last three months, therefore, it can see a small pull back rally to Rs 225.

Idea (Buy above Rs 99.80, target of Rs 103)
Idea Cellular is one of the few front line companies that is touching new highs in the current market scenario. The stock touched a new high on Thursday and can move higher on sustained buying.

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