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Market Trading Guide: TCS among 4 stock recommendations for Thursday
, ETMarkets.com|
"Strong domestic macro numbers and a fall in crude prices lifted Indian indices to open in positive territory, while gains were restrained by Europe’s negative market trend," said Vinod Nair, Head of Research at Geojit Financial Services.
Here are the top four stock recommendations which analysts suggest:
iStock
Targets: Rs 610/620
Stop Loss: Rs 570
The stock has given a breakout from a large consolidation with volumes. The stock has witnessed a fresh long built-up position on the F&O data, which indicates bulls are in full control. The momentum oscillators are also in a strong buy zone.
Analyst: Kunal Shah, LKP Securities
ET Bureau & Agencies
Targets: Rs 2,900/2,850
Stop Loss: Rs 3,200
The stock is trading in a downtrend with lower high and lower low formations intact. The stock is trading near its 52-week low, which clearly indicates weakness. In the near term, the RSI is in a bearish zone, which will accelerate the selling pressure in the near term.
Analyst: Kunal Shah, LKP Securities
ET Bureau & Agencies
Target: Rs 119
Stop Loss: Rs 109
The stock has broken a resistance area and might continue its uptrend momentum can continue from here on.
Analyst: Manoj Dalmia, Proficient Equities
ET Bureau & Agencies
Stop Loss: Rs 142
The bank is nearing a breakout and is also trading above 200 DMA, indicating a positive trend.
Analyst: Manoj Dalmia, Proficient Equities
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)
iStock
