The Indian market opened lower on Tuesday following muted global cues.
In the previous session, the S&P BSE Sensex rose more than 400 points while the Nifty50 reclaimed 18,400 levels.
We have collated stocks from various experts for traders who have a short-term trading horizon:
Expert: Dharmesh Shah, Head – Technical,
, told ETBureau
: Buy | Target Rs 2675| Stop Loss Rs 2545
Buying demand is emerging from 100-days EMA and 80% retracement of the previous up move.
: Buy | Target Rs 590 | Stop Loss Rs 548
The stock has formed a higher base above the 50-days EMA and the lower band of the rising channel.
: Buy | Target Rs 67.20 | Stop Loss Rs 59.80
Faster retracement of 13-month decline in five months and the stock has been resolving above the long-term resistance line.
Hindustan Aeronautics: Buy | Target Rs 2770 | Stop Loss Rs 2565
The stock is on the cusp of breaking above the falling channel containing two weeks breather with buying at 50 days EMA.
Expert: Vaishali Parekh, Vice President – Technical Research, Prabhudas Lilladher, told ETMarkets
: Buy| Target Rs 162| Stop Loss Rs 138
Expert: Kunal Bothra, Market Expert, told ETNow
: Buy| Target Rs 555| Stop Loss Rs 510
HCC: Buy| Target Rs 25| Stop Loss Rs 19
Expert: Nooresh Merani, an independent technical analyst, told ETNow
Mahanagar Gas: Buy| Target Rs 1050| Stop Loss Rs 880
: Buy| Target Rs 500| Stop Loss Rs 425
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
