Sharetipsinfo has recommended the stock of Havells. Buy the stock above Rs 364 for a target of Rs 370 and a stop loss at Rs 360.
There is a buy recommendation for the stock of Aanjaneya for the target price of Rs 406 and a stop loss of Rs 445. There is a Doji formation near Minor Bottom.
Rajesh Manial, AVP - technical research, GEPL Capital, has recommended the following stock in Economic Times.
Larsen & Toubro: The recommendation is to sell this stock with a target price of Rs 1,235 and a stop loss Rs 1,790. L&T has been tracing out a head & shoulder since July 2009 and is in the process of completing its right shoulder. This pattern along with the fact that there are a couple of nested impulse waves on the downside since its Nov 2010 peak implies a severe downside risk in medium term.
BPCL: There is a buy recommendation on this stock with a target price of Rs 710 and a stop loss of Rs 654. Though this stock has seen sideways correction, it recently took support near its 200-day EMA and an important low swing and has registered a bounce-back thereafter. The momentum oscillators on the daily as well as weekly charts are suggesting further upsides in the immediate term.
Cipla: Here too the recommendation is a sell with a target price of Rs 250 and a stop loss at Rs 313. Cipla has registered a breakdown of head & shoulder pattern on the weekly chart, which indicates further downside. Any upsides may face stiff resistance near the neckline placed around 300.
Bata India: Sell this recommendation with a target price of Rs 572 and a stop loss of Rs 720. The upside momentum appears to be waning lately as reflected by the negative divergence registered by RSI on the daily chart. It has also given a breakdown below the demand line of a trend channel on the daily chart which may have bearish implications once it trades below 645.
PFC: For this stock, the recommendation is buy with a target price of Rs 169 and a stop loss Rs 145. After a severe sell off from its peak in October 2010, PFC has taken support near the 78.6% Fibonacci retracement level of a major uptrend since its 2008 lows. The daily RSI has been diverging positively against the price since some time which indicates further upsides.
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