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Stock Tips for Sept 6, 2011: Buy Larsen & Toubro, Satyam Computers


Buy Larsen & Toubro, Satyam Computers
Engineering giant Larsen & Toubro, Information Technology company Satyam Computer Services Axis bank, the third largest private bank in India and many more stock like these have been recommended in stock tips.

Sharetipsinfo has recommended the stock of Larsen & Toubro. The suggestion is buy the stock above Rs 1630 for a target of Rs 1645-1655 and place the stop loss at Rs 1618.

The stock of Satyam Computers has been recommended by the website, Technicalanalysisofstocks. The target price set for the stock is Rs 82 and stop loss at Rs 60.

Vaishali Parekh, Technical Analyst, Prabhudas Liladher, has recommended the following stocks for stock tips.

Axis Bank: Buy the stock for the target of Rs 1,185 with a stop loss at Rs 1,090. This stock has corrected from high of 1360 levels to a low of 990. With a positive divergence in hourly chart & RSI improving from oversold zone in daily & weekly chart with higher volume, this stock is likely to rally up to 1185 levels.

Sterlite Industries: Here Parekh has recommended a buy on the stock for the target price of Rs 143 and Rs 126. After a steep fall from 175 levels, this stock has stabilized at 120 levels. The volume is picking up with improving indicators in hourly as well as daily charts. An upside target of 143 is achievable in days to come.

Titan: This stock also has a buy recommendation with the target price being Rs 235 and a stop loss at Rs 212. The strength of this stock remains intact even in corrective markets with an inverted head & shoulder pattern in daily chart with higher volume & remaining above 200DMA.

JP Associates: There is a buy recommendation on this stock with a target price of Rs 70 and a stop loss at Rs 61. The RSI in weekly chart is improving from oversold zone plus a positive divergence in daily chart with higher volume is indicating strength for a good pull back rally. This stock may to break out if it moves past 65.5 decisively for an upside target of 70.


Raymond: Buy this stock setting the target for Rs 380 and a stop loss Rs 345. This stock has closed above the 200DMA with an inverted head & shoulder pattern in daily chart with higher volume & improving indicators in hourly chart. An upside potential of 380 is likely in days to come.

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 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.

Story first published: Tuesday, September 6, 2011, 8:41 [IST]
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