Sahretipsinfo recommends to buy the stock of VIP Industries above the price of Rs 980 with a target price of Rs 1120 and a stop loss at Rs 968.
Meanwhile, the stock of Bombay Dyeing has a buy recommendation on the website of technicalanalysisofstocks. The target price is Rs 369 and a stop loss at Rs 327. There is a signal for consolidation at the minor top.
Sharad Kulkarni, a technical analyst has recommended the following stock picks in Economic Times.
Cipla: Recommendation for this stock is buy and the target price for this pharma company is Rs 297 and stop loss is at Rs 282. The stock has bounced back from its historical support level of Rs 274.
BHEL: This stock has a buy recommendation with target price of Rs 1,730 and a stop loss at Rs 1,572. The stock has formed a 'doji' Japanese candle stock pattern near 161.8% Fibonacci retracement. In the momentum oscillators on the daily charts it is in the over sold territory.
Canara Bank: For this banking stock the recommendation is buy with target price is of Rs 465 and a stop loss at Rs 430. The stock has formed belt hold candle stock pattern on the daily charts and is taking support near its historical high of Rs 401.
HCL Technologies: Sell this On the daily chart, the stock has formed a symmetrical triangle pattern. Momentum oscillators on the daily chart are negatively poised.
Bata India: For this stock too there is a sell recommendation with target price of Rs 612 and a stop loss at Rs 672. The stock is forming is head and shoulder patter on daily chart. Momentum oscillators on the weekly chart indicate weakness in the stock in coming trading sessions.
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