Stock Tips for Aug 30, 2011: Buy Havells, Tata Coffee

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Stock Tips for Aug 30, 2011: Buy Havells, Tata Coffee
Technical analysts have recommended the stocks of Havells, Tata Coffee, Axis Bank, Bharti Airtel and many more for making gains on intraday trades on August 30, 2011.

Sharetipsinfo has recommended the stock of Havells to buy above the stock price of Rs 327 for a target price of Rs 335-338 and a stop loss of Rs 322.

The website, technicalanalysisofstocks, has recommended a buy on Tata Coffee for the target price of Rs 775 and a stop loss at Rs 675. The stock is crossing the previous top with high volume.

The top picks shared by Shrikant Shetty, Head-equity advisor, Unicon Securities in Economic Times are as following.

Axis Bank: There is a buy recommendation with target price of Rs 1120 and a stop loss at Rs 1015. Axis Bank after the recent correction is showing early signs of a pullback. Daily RSI and stochastics are showing positive signals.

Bharti Airtel: For the telecommunication stock there is a buy recommendation with the target price of Rs 440 and a stop loss Rs 389. The stock is in a uptrend and is trading above the short- and medium-term moving averages. RSI also shows a buy signal.

Century Textiles & Industries: There is a recommendation of buy with a target price of Rs 310 and stop loss at Rs 273. The stock is in oversold zone and has potential for a pull back. Indicators like MACD are showing positive divergence.

Sesa Goa: For this stock the recommendation is buy with a target price of Rs 245 and a stop loss at Rs 200. The daily RSI and MACD are showing positive divergence and on the daily chart the stock, after making a bottom at 195, ended positive with good volumes.

Tech Mahindra: Here too, Shetty has recommended a buy on the stock with a target price of Rs 680 and a stop loss at Rs 615. The stock is showing some buying on lower levels with positive divergence on stochastic and RSI supporting an upmove.

Firstpost recommends the following stocks.

Maruti (Sell below Rs 1070, target of Rs 1025)
One of the two Sensex and Nifty stock to have closed in the negative duw as its manesar plant again faced halt of production on account of worker issues. The reaction is likely to be felt on Tuesday.

ONGC (Sell below Rs 273.60, target of Rs 268)
News report of ONGC likely to come out with a follow-on public offer (FPO) by end of September can put pressure on ONGC. Investors may still sell on Tuesday. It was the only other stock beside Maruti which saw selling pressure among the Nifty and Sensex.

Sesa Goa (Buy above Rs 214.20, target of Rs 225)
Sesa Goa touched a new 52 week low on news of Supreme Court extended the mining ban. It was further affected on announcement of a likely increase in export duty on iron ore. but the stock had gained on Friday. The rise has been on extremely high volume, suggesting unwinding of short sell positions.

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