Sharetipsinfo has recommended to buy the stock of Bharti Airtel above Rs 394 with a target of Rs 398 -400 and stop loss at Rs 390. This stock has been recommended for futures intra-day.
The website, technicalanalysisofstocks, has recommended to buy the stock of Sunteck. The target price set is Rs 321 and the stop loss is at Rs 270. The signal for the this stock is that its short term average curve crossing long term average curve.
Kusal Kansara, Chief Technical Analyst, Padmakshi Fin Services has recommended the following stocks in Economic Times.
Maruti: There is a buy recommendation on this stock with a target price of Rs 1,174 and a stop loss at Rs 1,096. The momentum indicator MACD has formed a double bottom on daily charts. On weekly charts, the RSI is giving a positive divergence. Last week, the stock formed a hammer pattern at a crucial support level of Rs 1,065. The stock has been moving up with good volumes.
Hero MotoCorp: The benchmark two-wheeler company in India has a recommendation of sell on it with target price of Rs 2,035 and Rs 2,183. On daily charts, it has shown a bearish engulfing pattern along with a bearish belt hold. The momentum indicator RSI has given a 'sell' signal on daily charts, while it is overbought on weekly charts. The ADX is peaking out, while the DI is ready to give a negative crossover above the DI.
Allahabad Bank: For this banking stock there is a buy recommendation with target price of Rs 178 and a stop loss at Rs 162. The momentum indicator MACD has formed a double bottom on daily charts. The price is very close to give a breakout above a resistance trendline from July tops. The OBV indicator on daily charts is appearing to have bottomed out.
Dish TV: Here again there is a buy recommendation with target price of Rs 84 and a stop loss at Rs 75. The stock has bounced back from the crucial 200 DEMA. On daily charts, the MACD has given a buy signal and we have a bullish belt hold pattern. The price is very close to give a breakout above a resistance trendline from July tops.
Coal India: There is a buy recommendation on this stock with a target price of Rs 399 and a stop loss at Rs 377. The stock has come out of consolidation breaking above the 20, 50 and 100 DEMA. The breakout is with good volumes with the OBV also giving a breakout. The DI is ready to cross above the -DI, with the momentum indicator MACD turning positive.
Firstpost has recommended the following stocks for the trading positions.
Mercator Lines: One should buy this stock above Rs 26.65, with the target set at Rs 28. Mercator Lines said after market closing that it has acquired a 50 percent stake in an Indonesian coal mine. The deal is expected to be in the range of $25-30 million. The stock closed near the high of the day and can move higher.
Axis Bank: The banking stock has a buy recommendation above Rs 1,161; the target price set is Rs 1,200. Axis Bank has seen a smart move after it announced a revised deal with Enam. The stock as moved back marginally after touching its previous top. A move above this top can be sharp, as technically the stock has made a bullish pattern.
REC: Sell this stock below Rs 185.80, with the target of Rs 178. REC has seen moderate selling over the last three days, which has helped maintain the stock between Rs 185-190 levels. The stock has been closing near the low of the day. A break below this support level can bring the stock down swiftly.
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