31/08/2022
Stock suggestions for thursday
Buy DLF near Rs 387-385
Stop : Rs 376
Target price: Rs 410
The stock rallied on higher volumes. Sizable bullish candle with steady move above key support warrants a positive outlook on the stock.
(Amit Trivedi, CMT, Technical Analyst - Institutional Equities, YES Securities)
Indiabulls Housing Finance
Stop loss: Rs 130
Target price: Rs 145
With sustained move above short-term averages, the recent congestion phase seems to be in a mature phase. Positive follow-up through could lift the stock till Rs 145.
(Amit Trivedi, CMT, Technical Analyst - Institutional Equities, YES Securities)
Buy Bosch
Target: Rs 19,000
Stop loss: Rs 16,750
Bosch has witnessed a bullish morning star candlestick pattern on a daily closing basis. This pattern would signal upside trend formation from the current levels. Today’s session will be closing with a gap up bullish candle which will double confirmation for the stock to turn positive. On the downside, 16,750 would act as a stop loss and support levels for the upward action to be witnessed.
(Ravi Gangan, Technical Trader, Mehta Equities)
Buy Paras Defence and Space Technologies
Target price: Rs 755
Stop loss: Rs 659
On the daily chart, after a long consolidation, the stock has given breakout of Head & Shoulder pattern with spurt volume, which indicates the stock is ready for a long rally.
(Vishal Wagh, Research Head, Bonanza Portfolio)