Day Trading Guide: Concor, Indian Bank among 9 stocks ideas for Thursday
Going ahead, sustenance above 17,750 is essential to continue recent consolidation at the upper band, said analysts.
Most metal stocks ended in the black. While the metal index continued its upward trajectory at uncharted territory, the positive internal breadth of the space indicates more room on the upside for metal stocks.
Meanwhile, the energy index that stands out among outperformers this year has more room for upside and hence throwback should be considered as a buying opportunity, analysts said.
Agencies
Target: Rs 765
Stop Loss: Rs 675
The stock has been in a strong uptrend for some time and has given a fresh breakout. In addition, a few sessions back, the stock confirmed a major breakout from the falling channel and that has a target of around Rs 760-780.
Analyst: Mehul Kothari , Anand Rathi Shares & Stock Brokers
Agencies
Target: Rs 365
Stop Loss: Rs 395
The stock has been trading in a downtrend trajectory for over a year and for the first time, it has managed to cross the previous month’s high. In addition, it confirmed higher top and higher bottom formation on the daily scale, which is a confirmation of reversal.
Analyst: Mehul Kothari, Anand Rathi Shares & Stock Brokers
Agencies
Stop Loss: Rs 158
Target: Rs 133
After sustaining above levels of Rs 160, the stock continues to trace bullish patterns. The appearance of a large bullish candle at the current juncture indicates a shift of range on the upside.
Analyst: Amit Trivedi, YES Securities
Agencies
Stop Loss: Rs 2,090
Target: Rs 2,400
After losing 21 per cent from the record high, the stock found renewed buying interest. The appearance of multiple bullish candles infers the resumption of the prevailing uptrend.
Analyst: Amit Trivedi, YES Securities
Agencies
Stop Loss: Rs 330
Targets: Rs 370/376
The stock has given a strong breakout above its 200-DMA on the daily chart with volumes and has decisively closed above the previous one-month high. The momentum is likely to continue in the near term towards the level of Rs 370.
Analyst: Kunal Shah, LKP Securities
Agencies
Stop Loss: Rs 210
Target: Rs 233/237
The stock has given a consolidation breakout with a massive surge in volumes. The stock is trading near its 52-week high level and is likely to surpass the same in the coming days.
Analyst: Kunal Shah, LKP Securities
Agencies
Stop Loss: Rs 320
Target: Rs 345
The stock is trading above resistance and RSI is trading at 50.
Analyst: Vijay Danotiya, CapitalVia Global Research
Agencies
Stop Loss: Rs 498
Target: Rs 535
The crossover of 20 and 80-EMA has been seen today and closed above both.
Analyst: Vijay Danotiya, CapitalVia Global Research
Agencies
Stop Loss: Rs 4,545
Target: Rs 4,695
The stock is closing above 100-SMA AND 200-SMA on a 15 min chart.
Analyst: Vijay Danotiya, CapitalVia Global Research
Agencies
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