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

Top trading calls by Anand Rathi: Buy Indigo, Motherson Sumi

Jay Anand Thakkar/Mumbai 12 Apr 19 | 08:16 AM

NIFTY: BUY 


TARGET: 11,690 

Related Stories

    No Related Stories Found
Widgets Magazine


STOP LOSS: Rs 11,530


Nifty has closed in the positive territory in the last trading session and it is now expected to provide a breakout from the range on the upside. The only fear is that it can test the lower end of the range that comes at 11,530; hence that becomes the short term support whereas 11,690 is an immediate resistance i.e. the upper end of the range. Hence, it’s a short-term target.


INDIGO: BUY 


TARGET: Rs 1,500 


STOP LOSS: Rs 1,360


The stock has formed a symmetrical triangular pattern which is a continuation pattern. The momentum indicator MACD has come well into the buy mode; hence the probability of an upside has increased.


MOTHERSON SUMI: BUY 


TARGET: Rs 164 


STOP LOSS: Rs 143


The stock has provided a breakout from the falling wedge pattern and it has also completed 61.8 per cent retracement of the previous rise which is an impulse on the hourly charts, hence another impulse on the way up is expected.


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


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

Widgets Magazine

Sensex

Company Price Gain (%)
Reliance Inds.1,382.902.79
Tata Motors235.902.32
Asian Paints1,465.350.65
TCS2,145.500.61
Coal India251.750.22

Poll

Currently No Poll Available.

Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine