Stock Tips for Sept 27, 2011: Buy TCS, JP Associates

Commentary

oi-Shoaib

By Shoaib Md

Published: Tuesday, September 27, 2011, 8:40 [IST]

The stock recommendations are based on technical analysis. They include IT giant that is TCS, infrastructure company as JP Associates, PSB like Union Bank of India and Reliance Capital and many others.

The website, technicalanalysisofstocks, suggested to buy the stock of the company TCS with target of Rs 1045 and stop loss of Rs 915.

Shrikanth Shetty, Head-Equity advisor, Unicon Securities shared his picks in Economic Times.

JP Associates

Union Bank of India: There is a buy recommendation on this stock too with the target price of Rs 270 and a stop loss at Rs 240. Union Bank has had a breakout at Rs 248 levels on the daily chart, indicating that the short-term trend will remain positive. The stock has formed higher-top and higher-bottom formation, which indicates positive sentiment in short term trading with of decent volume support.

Reliance Cap

Bombay Dyeing

Cipla

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