Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
05 September, 2015 19:10 IST
Four short to mid-term technical picks
Source: IRIS | 16 Nov, 2012, 12.21PM
Comments  |  Post Comment

Following technical calls have been recommended from short to medium term perspective by analysts at leading broking firms:

IDBI Capital

1. Adani Enterprises (Perspective: 4-5 weeks)

Buy on dips to Rs 231 for a target of Rs 255 with a strict stop loss placed below Rs 220.

Yesterday, Adani Ent has formed an Engulfing Bullish Candle on the daily charts. The stock is on the verge of the flag pattern breakout. On the oscillator's front; RSI & MACD are placed with a positive crossover on the daily charts.

2. Reliance Infrastructure (Rel Infra) - (Perspective: 4-5 weeks)

Buy above Rs 479 for a target of Rs 500 with a strict stop loss placed below Rs 464.

Yesterday, Rel Infra has formed an Engulfing Bullish Candle on the daily charts. However, the stock has witnessed a selling pressure is the past trading sessions and now it is poised for a technical pullback from the current levels. On the oscillator's front; RSI & Stochastic are placed with positive crossover on the daily charts.

RK Global Shares & Securities

3. Bharat Forge- (Duration 7-10 days)

Buy above Rs 267 for a target of Rs 273 with a strict stop loss placed below Rs 264.

After a prolonged steep fall the script rebounded and ended up with a bullish engulfing pattern on daily chart. RSI and Stochastic, both is trying to recover from over sold zone coupled with recovery in price, that suggest the script would continue its recovery if it manages to sustain above last candle's high.

Shilpa Stock Broker (SSBPL)

4. IRB Infrastructure - (Duration 1 week)

Buy above Rs 129.25 for target of Rs 135 with stop loss of Rs 126.

After flat opening stock has witnessed buying in later part of the day and finally ended with Long White Candle - a bullish candlestick pattern with strong volume on daily chart. 3 days EMA has given positive cut to 8 days EMA. 14 days RSI is also hovering on the verge of bullish zone.

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.

Comments Post comment 
 Post Comment
Name Email
Security Code type    into this box
Related Articles
FIPB approves Telephonics stake hike in MTIS - 05-Sep-2015 10:47
ABB raises Rs 6 bn through NCDs - 04-Sep-2015 17:57
NMDC reduces price of lump ore; retains price of fines - 04-Sep-2015 17:46
Rajesh Exports standalone profit surges 68.58% - 04-Sep-2015 17:36
Dr Reddy's launches MinTop Pro Procapil Hair Therapy - 04-Sep-2015 16:59
ExxonMobil in partnership with Tata Motors launches co-branded lubricants - 04-Sep-2015 16:19
Vijaya Bank cuts base rate by 15 bps - 04-Sep-2015 15:45
Aurobindo Pharma gets USFDA nod for Telmisartan tablets - 04-Sep-2015 15:09
Deepak Nitrite issues commercial paper worth Rs 300 mn - 04-Sep-2015 14:43
Rajesh Exports secures Rs 11.23 bn export order - 04-Sep-2015 14:32
Govt to infuse Rs 53.93 bn in State Bank of India - 04-Sep-2015 14:20
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer