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Stock Tips for Sept 23, 2011: Buy Educomp, HUL


Stock Tips for Sept 23, 2011: Buy Educomp, HUL
The stock recommendations are based on technical analysis. Some of the stocks that analysts have suggested are Educomp, the eduction industry leader, and HUL an FMCG major along with many more.

Sharetipsinfo has a recommendation of sell on Educomp. Sell the stock below Rs 220 with a target price of Rs 212 and stop loss at Rs 224.


The website, technicalanalysisofstocks, has recommended the stock of Karur Vysya Bank for the target price of Rs 394 and a stop loss at Rs 350. The recommendation is based on the technical pattern that the stock is crossing the multiple tops with high volume.

Puneet Kinra, Sr Technical Analyst, Bonanza Portfolio has recommended the following stocks in Economic Times

HUL: The recommendation for this stock is to buy with the target price of Rs 340-350 and a stop loss at Rs 312. The stock is trading in long-term uptrend and is showing profit-booking after making 52-week high at Rs 355. Profit-booking may end in the Rs 331-321 range and this range may be used for accumulation.

Asian Paints: Here too the recommendation is buy with target price of Rs 3250-3350 and the stop loss should be set at Rs 2900. The stock is trading at Rs 2,900-3,400 since June 2011 and is showing recovery from support at Rs 3,000. Even in a heavy selling environment, the stock showed strength on Thursday.

Orchid Chemicals & Pharmaceuticals: For this stock the recommendation is to sell with the target price of Rs 174-168 and stop loss at Rs 205. The stock is trading in the long-term down trend. On Thursday, the stock broke down below support at Rs 195 with higher volumes, which shows that bears are again taking control and the stock may decline in the coming days.


Essar Oil: Sell this stock also with target price of Rs 83-79 and stop loss at 97. Stock is trading in intermediate down trend. On Thursday, stock breakdown below double top pattern support at Rs 90 with higher volumes. Projected target of breakdown is Rs 83-79.

IVRCL Infra: There is sell recommendation with target price of Rs 34-32 and stop loss at Rs 42. The stock is trading in long term down trend and stock is showing selling pressure from resistance at Rs 41.5. On Wednesday, the stock made long black candlestick pattern with higher volumes, which shows that the stock may decline.

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: Friday, September 23, 2011, 8:34 [IST]
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