Market Trading Guide: Tata Consumer Products, SBI Life among 5 stock ideas for Monday
, ETMarkets.com|
Here are 5 stock recommendations for Monday:
ETMarkets.com
Stop Loss: Rs 1,249
The stock experienced a breakout from a flag pattern on the daily chart, signaling a positive shift in the trend. The 21EMA and 55EMA show a positive crossover, with the price positioned above both averages on the daily timeframe. Additionally, a bullish crossover in the daily RSI contributes to the positive momentum.
In the short term, the stock is expected to move towards 1450. However, momentum may wane if the stock falls below 1250.
(Rupak De, Senior Technical Analyst, LKP Securities)
ANI
Stop Loss: Rs 1460
The stock has recently experienced a breakout from a triple-top formation, accompanied by increased volumes, signaling a bullish undertone. The momentum indicator RSI has confirmed this positive sentiment by crossing the 60-mark, suggesting an uptick in momentum in the near term.
(Rupak De, Senior Technical Analyst, LKP Securities)
ETMarkets.com
Stop Loss: Rs 1100
The stock has broken out of a consolidation pattern, following a hammer formation on the daily chart, indicating a positive shift in the trend. Additionally, the price has moved above the 21EMA on the daily timeframe. A bullish crossover in the daily RSI further enhances the positive momentum.
In the short term, the stock is anticipated to move towards 1250. However, momentum may weaken if the stock falls below 1100.
(Rupak De, Senior Technical Analyst, LKP Securities)
iStock
Stop Loss: Rs 117
BLISSGVS on the daily chart reveals a falling channel pattern, confirming a breakout with an increased volume bar, signaling buyer dominance. The strong closing above the resistance is now reflecting positive sentiment and price action. Support from the Fast (21) EMA suggests a stable foundation for upcoming days. The RSI breakout from an ascending triangle signals upside momentum in the counter.
(Drumil Vithlani, Technical Research Analyst, Bonanza Portfolio)
iStock
Stop Loss: Rs 670
Aarti Industries has experienced a significant breakout from a rectangle pattern, signaling a likely positive trend. The spike in trading volume in previous trading sessions indicates growing buying interest. Additionally, in the momentum area, RSI is trading in the northern direction which indicates that it's an upward trend; the stock price is above the key Exponential Moving Average (EMA's), suggesting a steady upward trend.
(Drumil Vithlani, Technical Research Analyst, Bonanza Portfolio)
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
ETMarkets.com
