Sharetipsinfo has recommended to sell Sesa Goa below the stock price of Rs 260 for a target price of Rs 255 and a stop loss at Rs 263.
The website, technicalanalysisofstocks, has tecommended to buy Aanjaneya Lifecare for the target price of Rs 414 and a stop loss at Rs 366. On the trends the stock shows a bullish breakout.
Rakesh Mehta, Research Analyst, Fullerton Securities & Wealth, picks the following stocks for the day in Economic Times.
Hindustan Petroleum Corporation: The recommendation on oil marketing company is buy with a target price of Rs 430 and a stop loss at Rs 380. HPCL has an intermediate uptrend channel formation on its weekly charts. It is currently trading at the lower band of the channel and with its weekly MACD becoming positive we expect the stock to bounce from current levels to around Rs 430.
Lupin: Here too the recommendation is buy with a target price of Rs 495 and a stop loss at Rs 445. Lupin came under tremendous selling pressure past crossing 500-mark. After falling below 400 levels and clocking a 31% correction, the stock has again resumed its uptrend. Timely consolidation and strong retracements post correction are indication of a healthy bull run.
Educomp Solutions: For this education sector the recommendation is to buy with a target price of Rs 350 and a stop loss at Rs 310. Educomp's vital technical indicators have entered into deep oversold zone after the recent 40% correction over the past four weeks. We expect a relief rally over the next few days taking the stock to around Rs 350.
Canara Bank: Mehta recommends a buy on this stock with a target price of Rs 460 and a stop loss at Rs 410. On the weekly charts, leading indicators like RSI have gone into deep oversold zone after the recent 25% correction over the past 2 weeks. The 400-450 range has always been an accumulation zone. Thus, we expect some bounce back from current levels to around Rs 460 levels.
Gitanjali Gems: For the stock too, the recommendation is buy with a target price of Rs 330 and a stop loss Rs 300. After consolidating around the Rs 250-275 range, Gitanjali has resumed its uptrend. There is a high probability of momentum sustainability and we expect the stock to touch Rs 330 levels soon. Maintain a strict stop-loss of Rs 300.
Firstpost too has given its recommendations, Which stands as following:
Escorts (Sell below Rs 92.10, target of Rs 85)
Jet Airways (Sell below Rs 437.70; target of Rs 426)
DLF (Sell below Rs 217.15, target of Rs 207)
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