BUY DABUR INDIA LTD | TARGET: Rs 574 | STOP LOSS: Rs 518
DABUR has been trading in a cycle of higher highs, higher bottoms, and has recently seen resurgence from its 2000DEMA. With Monday’s closing, the stock has surged above all its major exponential moving averages on the daily time frame, indicating inherent strength. On the oscillator front, the 14-period RSI has seen positive crossover affirming the bullish stance in the counter from a short to medium-term perspective.
BUY ICICI PRUDENTIAL LIFE INSURANCE | TARGET: Rs 596 | STOP LOSS: Rs 525
ICICIPRULI has recently corrected from its lifetime highs towards the previous swing high zone from where the momentum seems to reverse at the higher side. The stock has taken support from its 21-DEMA which even collides with the lower band of the Bollinger (20, 2) on the daily time frame and is headed towards the mean, suggesting more upside potential in the counter in the coming future.
Disclaimer: Osho Krishan is senior manager - equity research at Anand Rathi Shares & Stock Brokers. Views are personal
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU