Sharegyan recommends to sell the stock of Asian Paints with a target price Rs 3090 and a stop loss at Rs 3160.
The website, Technicalanalysisofstocks, has recommended the stock A2ZMES, for the target price of Rs 266 and a stop loss at Rs 235. The recommendation is based on the fact that 13 days moving average curve crossed with heavy volume.
Sahretipsinfo has recommended the stock of Mphasis to sell below Rs 435. The target price is Rs 426-418 and a stop loss at Rs 441.
Amit Chheda, Head - Equity, Inventure Growth and Securities has picked the following stocks on Economic Times.
Shree Renuka Sugars: The recommendation here is buy because of a bullish bias. The target price is Rs 82 and stop loss for the stock is Rs 69. Renuka Sugar has taken strong supports at Rs 69 levels and bounced back with strong volumes. We recommend buying the stock for the targets Rs 78-82. Stock is making higher tops and higher bottoms suggesting an uptrend.
Bata India: Here also the recommendation is buy with a Rs 635-650 and stop loss Rs 608. Bata India is in a strong uptrend making higher tops and higher bottoms making new highs on consistent basis. There is still a lot of steam left in the stock. Traders can trade this stock for targets of Rs 635 and Rs 650 on the upside with a strict stoploss of Rs 608 on the downside.
Asian Paints: Chheda recommends to buy this stock with a target price of Rs 3,190 - 3,250 and a stop loss at Rs 3,075. Asian paints has recently corrected from Rs 3,368 levels and came down toRs 3,082 to take supports and give reversal signals from there. Major trend for the stock is up. Buy the stock with a stoploss of Rs 3,075 and trade for the targets of Rs 3,190-3,250
Infosys: Here too the recommendation is buy for its strong support. The target price for the stock is Rs 2,745-2,790 and the stop loss is at Rs 2,645. Infosys has corrected post results and nearing its strong support levels ofRs 2,690-2,710. Buy the stock near its support levels with a stoploss ofRs 2,645 and trade for the targets of Rs 2,745-2,790. A technical bounceback is expected after a fall from Rs 3,023 levels.
Unitech: Here too the recommendation is buy on the volume play for the target price of Rs 36-38 and a stop loss at Rs 32. Unitech trades in an oversold zone and is due for a pullback. It has taken support on the neckline of RSI suggesting a reversal. Rising volumes on the up-days also indicates strength in the stock. The stock could be bought for the targets of Rs 36-38, keeping the stoploss at Rs 32.
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