Sharetipsinfo has recommended to sell the stock of Reliance Industries below Rs 784 and place the target at Rs 776 and stop loss at Rs 789.
Shrikanth Shetty, Head, Equity Advisor, Unicon Securities has recommended the following stocks in Economic Times.
Gujarat State Petronet: For this company there is a buy recommendation with target price of Rs 115 and stop loss at Rs 100. On weekly chart GSPL closed above 50-week moving average at Rs 103, which is good support zone with decent volume support, indicating positive sentiment in short-term trading and strong buying support around at Rs 103-101.
Jaiprakash Associates: Buy this stock with the target price set at Rs 80 and stop loss at Rs 65. JP Associate has bullish candle stick formation on weekly chart with good volume support. The stock has uptrend and support at Rs 70-68 levels. Weekly RSI has shown oversold and positive crossovers into oversold territory.
Bharti Airtel: For this stock, the target price set is Rs 400 and stop loss at Rs 370. On the daily chart, Bharti Airtel closed positive and trading above the 200-DMA support at Rs 370 levels and stock trading above short-term resistance zone at Rs 380 levels, indicating positive sentiments.
ICICI Bank: This bank has a sell recommendation, with target of Rs 800 and stop loss at 860. On the daily chart, ICICI Bank has closed bearish and below the trend line support at Rs 840 levels, which is previous bottom support. The stock has closed with a negative bias and closed below short-term indicator of 20 DMA at Rs 875.
HDIL: Here too there is a sell recommendation on the stock with target price of Rs 83 and stop loss ar Rs 96. The stock closed below previous bottom and below 20-day moving averages at Rs 103.50, giving downside till 161.80%. Fibonacci retracement with decent volumes and the RSI and stocastics indicate negative crossover, the momentum oscillators suggest downtrend possibility.
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