Stock market recommendations : According to Somil Mehta, Head - Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, Bharat Forge, and National Aluminum are the top stocks to buy today :
Bharat Forge – Buy in the range between Rs 1300 & Rs 1310; Stop Loss: Rs 1269; Target: Rs 1350
Bharat Forge has broken out of a consolidation pattern on the daily chart and expected to resume the uptrend. Momentum indicators have also given a positive crossover around the zero line. The stock has been consolidating in a broad range since last month and has closed above 20 daily moving average i.e. 1282, resuming the up trend today. The stock is expected to continue the up trend till the upper end of daily Bollinger band i.e. 1350. Key resistance is 1325 & 1350 and support is at 1290 and 1269.
National Aluminum – Buy in the range between Rs 188 & Rs 190; Stop Loss: Rs 180; Target: Rs 215
Persistent has broken out of a bullish flag pattern and expected to resume the uptrend. The stock has been consolidating since last month and has taken support at 20 daily moving average i.e. 202.94. Momentum indicator has given positive crossover around the zero line. The stock is expected to continue the up trend till the 61.8% retracement of the entire fall from 262.99 to 137.75 . Key resistance is at 195 & 215 and support is at 180 and 176.
Disclaimer: The opinions, analyses and recommendations expressed herein are those of brokerage and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.
Bharat Forge – Buy in the range between Rs 1300 & Rs 1310; Stop Loss: Rs 1269; Target: Rs 1350
Bharat Forge has broken out of a consolidation pattern on the daily chart and expected to resume the uptrend. Momentum indicators have also given a positive crossover around the zero line. The stock has been consolidating in a broad range since last month and has closed above 20 daily moving average i.e. 1282, resuming the up trend today. The stock is expected to continue the up trend till the upper end of daily Bollinger band i.e. 1350. Key resistance is 1325 & 1350 and support is at 1290 and 1269.
National Aluminum – Buy in the range between Rs 188 & Rs 190; Stop Loss: Rs 180; Target: Rs 215
Persistent has broken out of a bullish flag pattern and expected to resume the uptrend. The stock has been consolidating since last month and has taken support at 20 daily moving average i.e. 202.94. Momentum indicator has given positive crossover around the zero line. The stock is expected to continue the up trend till the 61.8% retracement of the entire fall from 262.99 to 137.75 . Key resistance is at 195 & 215 and support is at 180 and 176.
Disclaimer: The opinions, analyses and recommendations expressed herein are those of brokerage and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.
You may also like
AMMA decision to elect new team, not going to be an easy affair
Police searching for missing Hull man Jamie issue tragic update
Trifle is much tastier if you stop using jelly and use Rich Stein's better ingredient
Alex Jones wows on The One Show with a slimming high-street illusion midi dress
Middlesbrough appoint Rob Edwards as Carrick's replacement
