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Stock Tips for Sept 21, 2011: Buy IDFC, Rajesh Export


Stock Tips for Sept 21, 2011
The stock recommendations are based on technical analysis. They include the infrastructure financing company, IDFC and many more.

Sharetipsinfo has recommended the stock of IDFC to buy above Rs 115 and a target price of Rs 118. Place a stop loss at Rs 113.


The website, technicalanalysisofstocks, Rajesh Export. There is a buy signal on the stock with the target price of Rs 152 and a stop loss 110. The stock is witnessing a bullish breakout after consolidation with high volume.

Amit Harchekar, CMT, IIFL Private Client Group, IIFL has recommended the following stocks in Economic Times.

Tata Chemicals: For this Tata company the recommendation is buy with a target price of Rs 350 and a stop loss at Rs 328. The stock has signaled a reversal trend near 78.6% retracement support. With appearance of 'bullish belt hold' lines on Tuesday trading session, the positive momentum is likely to accelerate further. The daily RSI has also seen breakout from inverted head and shoulder.

Bharat Petroleum Corporation (BPCL): There is a buy recommendation with the target price of Rs 700 and a stop loss at Rs 648. BPCL is holding firm above 100 DMA and has bounced back from the rising support line extended from February 2011 trough of Rs 529. A bullish crossover in RSI from oversold zone corroborates end to consolidation.

IndusInd Bank: Here also there is a buy recommendation with a target price of Rs 290 and a stop loss at Rs 264. The stock has signaled a breakout from an 'Inverted Head & Shoulder pattern' above Rs 265 with expansion in volumes. Two days of consecutive closing above the neckline of Rs 266 and convergence of short term and long-term moving averages affirms strong bullish trend in the counter.


Fortis Healthcare: There is a sell recommendation on the stock with a target price of Rs 132 and a stop loss at Rs 145. Decelerating concave tops with increase in volumes indicate distribution phase. The downward momentum is likely to extend further as there is a negative crossover in MACD below the reference line.

ABB: Here again the recommendation is sell with the target price of Rs 780 and a stop loss at Rs 825. Appearance of a 'doji' star pattern indicates indecisiveness. A breakout beyond the range of .805-825 would decide directional move of at least Rs 40 in the counter. 'Doji stars' have higher intensity to affirm a trend change during rising trend rather down trend.

Firstpost has recommended the following stocks for trading.

Lupin: For this stock also there is a buy recommendation above Rs 485, and a target of Rs 500. A post market announcement by Lupin says that the company has received an US FDA to sell a generic version of oral contraceptive product. The company is trading close to its all time high, this new approval can help breach that level.

Financial Technologies: There is sell recommendation on this stock below Rs 878, the target price set is Rs 850. Post announcement of the company getting clearance to raise money for its commodity exchange, Financial Technologies has moved from Rs 780 to Rs 890 on higher than average volume. The move seems to have been exhausted as the stock has not been able to rise above Monday’s high. Weakness in the market can bring the stock down sharply.

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 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: Wednesday, September 21, 2011, 8:56 [IST]
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