Live Markets »News & Advice»Market News»Market News Details
Market News Details
Back

Technical calls by Religare Broking: Buy Dabur India, UPL

Religare Broking/Mumbai 13 Feb 19 | 07:32 AM

Photo: Shutterstock.com

Top trading ideas by Religare Broking.

Related Stories

    No Related Stories Found
Widgets Magazine


Dabur India Limited


Recommendation: Buy 


Last Close: Rs 446.25


Initiation range: Rs 438 - Rs 442


Target: Rs 460


Stop loss: Rs 432


The stock has retraced marginally of late, after the recent surge, offering fresh buying opportunity to those who had miss the chance earlier. Among the sectoral indices, FMCG is still trading comparatively stronger. Put together, conditions are favourable for further up move. Also, we believe defensive should be preferred for long trades in present market scenario.


UPL Limited


Recommendation: Buy


Last Close: Rs 796.20


Initiation range: Rs 790 - Rs 800


Target: Rs 850


Stop loss: Rs 775


UPL is gradually inching higher towards its record high after the consolidation breakout. Though it looks firm overall but may see marginal dip before further up move. We advise participants to utilise that phase to create fresh longs positions in the given range.



Voltas Limited


Recommendation: Sell February Futures


Last Close: Rs 521.65


Initiation range: Rs 525-528


Target: Rs 510


Stop loss: Rs 538


It has been witnessing correction for last eight months while trading within declining broadening formation. Currently, it’s struggling below the resistance hurdle of multiple moving averages on daily chart and likely to see fresh breakdown from the same in near future. We advise using any bounce to create fresh shorts in the given range. 


LIC Housing Finance


Recommendation: Sell February Futures


Last Close: 449.55


Initiation range: 453-456


Target: 428


Stop loss: 467


Post breakdown from its month-long distribution phase, the stock has witnessed a marginal bounce of late and has reached closer to its immediate resistance hurdle of moving averages i.e. (100, 50) exponential moving average (EMA) on daily chart. It has formed a fresh shorting pivot and likely to see fall ahead. We advise to initiate fresh short positions in the given range.

======================


Disclaimer: The brokerage may have positions in any or all the stocks mentioned above.


http://www.religareonline.com/disclaimer

Widgets Magazine

Sensex

Company Price Gain (%)
O N G C137.101.48
Tata Motors163.001.18
Axis Bank692.600.88
NTPC136.850.48
IndusInd Bank1,516.950.47

Poll

Currently No Poll Available.

Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine