Market Trading Guide: Mazagon Dock Shipbuilders, Bharti Airtel among 8 stock recommendations for Thursday
, ETMarkets.com|
"The near-term uptrend status remains intact for Nifty and any consolidations and minor dip down to 25K mark is expected to be a buying opportunity. One may expect Nifty to surge towards the new all-time highs soon around 25350-25400," said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.
Here are 8 stock recommendations for Thursday:
Agencies
Stop Loss: Rs 199
The stock is consolidating following a breakout on the daily timeframe and is sustaining above a critical moving average. Additionally, the RSI indicates a bullish crossover.
(Rupak De, Senior Technical Analyst, LKP Securities)
Agencies
Stop Loss: Rs 1,529
The stock has formed a hammer pattern following a brief correction on the daily timeframe. Besides, the stock has been sustaining above the critical moving average on the daily chart, indicating a prevailing bullish trend.
(Rupak De, Senior Technical Analyst, LKP Securities)
IANS
Stop Loss: Rs 359
The stock has given a consolidation breakout on the daily timeframe. Besides, the stock has been sustaining above the critical moving average on the daily chart, indicating a prevailing bullish trend. In the near term, the stock is likely to remain strong, with the potential to reach 410. On the lower end, support is placed at 359.
(Rupak De, Senior Technical Analyst, LKP Securities)
Agencies
Stop Loss: Rs 570
Berger Paints India Ltd has recently broken out from a Rounding Bottom pattern on the daily chart, signaling the potential for an upward trend. This pattern is generally viewed as a strong bullish indicator, suggesting the possibility of continued price appreciation. The notable increase in trading volume during the last session indicates growing buying interest, further supporting a positive outlook for the stock. Additionally, the stock is trading above EMAs, which aligns with the bullish trend.
(Virat Jagad, Technical Analyst, Bonanza Portfolio)
ETMarkets.com
Stop Loss: Rs 1,360
The daily chart of Ipca Laboratories Ltd indicates a confirmed breakout from a pennant pattern, a notable bullish signal. This breakout is accompanied by a significant rise in trading volume, reflecting strong buying interest and reinforcing the bullish sentiment. The stock is currently trading near its recent highs, with both the Fast and Slow EMAs trending upward, signaling positive market sentiment. Furthermore, the RSI has experienced a bullish breakout, underscoring the strength of the uptrend.
(Virat Jagad, Technical Analyst, Bonanza Portfolio)
ETMarkets.com
Stop Loss: Rs 4,300
The stock recently broke out from a falling trend line on the daily chart, accompanied by a significant increase in trading volume, suggesting possible bullish momentum. The Relative Strength Index (RSI) is currently at 55.5 and is trending upward, indicating increasing buying momentum.
(Mandar Bhojane, Equity Research Analyst, Choice Equity Broking)
ETMarkets.com
Stop Loss: Rs 780
WINDLAS has recently broken out of its range, accompanied by a significant increase in trading volume. This suggests a potential bullish move. The Relative Strength Index (RSI) is currently at 64 and trending upward, indicating increasing buying momentum.
(Mandar Bhojane, Equity Research Analyst, Choice Equity Broking)
ETMarkets.com
Stop Loss: Rs 1,250
The stock has recently reversed from a support level and is showing signs of accumulation on the daily chart. This is accompanied by a significant increase in trading volume, suggesting bullish momentum. The Relative Strength Index (RSI) is currently at 62.8 and trending upward, indicating increasing buying momentum.
(Mandar Bhojane, Equity Research Analyst, Choice Equity Broking)
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
ANI
