The website, technicalanalysisofstocks, has recommended the stock of Mphasis with a stop loss to be placed at Rs 306 and a target price of Rs 405. The two major trend was: The stock 13 days moving average curve crossed and RSI curve also crossed oversold zone.
AK Prabhakar, Senior VP, Anand Rathi Securities recommends the following stocks in Economic Times.
Infosys: Here the recommendation is sell with a target price of Rs 2014 and a stop loss at Rs 2314. The stock has made four consecutive Gap-down on August 19 (Rs 2343-2274) and on a positive day also stock corrected and closed at lowest in 452 trading days and in August alone, the stock has lost 21% suggesting recovery would be ahead of the derivative settlement.
Firstpost recommends the following stocks.
Your feedback is valuable to us. If you have an opinion, a question or would like to share your thoughts on stocks, investments, business policy or companies mail at money(at)oneindia(dot)co(dot)in or at md.shoaib(at)oneindia(dot)co(dot)in
GoodReturns.in DISCLAIMER: GoodReturns provides you with information covering shares, futures and options based on broker's reports as stated on various media. Investors are, however, warned that they should NOT take any buy or sell decision based on these views expressed in the article. Investors should consult their own financial and share advisors before taking purchase or sale decisions. GoodReturns does not take any responsibility for any losses incurred by investors who take their cues from the above article.