BIG BOSS AND PARSADAM
VIKAS PARSHURAM SAMWATSARE
VIKAS PARSHURAM SAMWATSARE
HDFC Bank
Recommendation: Buy
Positive
Last Close: Rs 2,264.30
Target: Rs 2,400
Stop Loss: Rs 2,220
HDFC Bank has bullish engulfing candle stick on the weekly charts, with good volume support. The stock has 200-day moving average support at Rs 2,255. Weekly RSI has shown positive crossover into oversold territory, which will tend to support reversal action if it occurs
Positive
Last Close: Rs 2,264.30
Target: Rs 2,400
Stop Loss: Rs 2,220
HDFC Bank has bullish engulfing candle stick on the weekly charts, with good volume support. The stock has 200-day moving average support at Rs 2,255. Weekly RSI has shown positive crossover into oversold territory, which will tend to support reversal action if it occurs
Shriram Transport Finance Company
Recommendation: Buy
Positive
Last Close: Rs 704.75
Target: Rs 760
Stop Loss: Rs 680
On weekly charts, the stock has formed a bullish hammer with decent volume support on a weekly basis and the RSI and stochastics indicate positive crossover. The momentum oscillators suggest possibility of an uptrend in the short term.
Positive
Last Close: Rs 704.75
Target: Rs 760
Stop Loss: Rs 680
On weekly charts, the stock has formed a bullish hammer with decent volume support on a weekly basis and the RSI and stochastics indicate positive crossover. The momentum oscillators suggest possibility of an uptrend in the short term.
Tata Motors
Recommendation: Sell
Positive
Last Close: Rs 1,129.50
Target: Rs 1,065
Stop Loss: Rs 1,160
Tata Motors has a bearish candle stick on daily charts with decent volume support. The stock is trading below strong support zone at Rs 1,137 and below the 200 DMA. The weekly RSI has shown negative crossover into oversold territory.
Positive
Last Close: Rs 1,129.50
Target: Rs 1,065
Stop Loss: Rs 1,160
Tata Motors has a bearish candle stick on daily charts with decent volume support. The stock is trading below strong support zone at Rs 1,137 and below the 200 DMA. The weekly RSI has shown negative crossover into oversold territory.
Union Bank
Recommendation: Sell
Positive
Last Close: Rs 310.60
Target: Rs 290
Stop Loss: Rs 322
On daily charts, Union Bank has been trading below the 50 DMA, and dead crossover in the short term below 320 level, which indicates negative sentiment in short-term trading. Hence, we expect the momentum to continue till Rs 290 on the downside.
Positive
Last Close: Rs 310.60
Target: Rs 290
Stop Loss: Rs 322
On daily charts, Union Bank has been trading below the 50 DMA, and dead crossover in the short term below 320 level, which indicates negative sentiment in short-term trading. Hence, we expect the momentum to continue till Rs 290 on the downside.
Hindalco Industries
Recommendation: Sell
Positive
Last Close: Rs 188.5
Target: Rs 160
Stop Loss: Rs 198
Momentum oscillators on weekly charts suggest selling pressure below Rs 188 support zone. On weekly charts, Hindalco has been trading below short-term moving average with crossover at Rs 190, which indicates negative sentiment in short-term trading. The target price is Rs 160.
Positive
Last Close: Rs 188.5
Target: Rs 160
Stop Loss: Rs 198
Momentum oscillators on weekly charts suggest selling pressure below Rs 188 support zone. On weekly charts, Hindalco has been trading below short-term moving average with crossover at Rs 190, which indicates negative sentiment in short-term trading. The target price is Rs 160.
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