5 stock
recommendations for the week
The market is likely to
remain cautious in the coming days owing to volatility in global markets due to
ongoing trade war between the US and China. Let's check out top five stocks on
which tech charts have ‘buy’ signals.
MARICO | BUY |
Target Price: Rs 348
The stock has off late
grossly outperformed the general market. Couple of signals have emerged which
point towards likely continued up move. Daily MACD stays in continuing buy
mode. RSI stands neutral but is seen breaking out of a formation marking a higher
bottom.
ITC | BUY |
Target Price: Rs 272
The stock has remained
sideways in a defined trading range over past several weeks. Though it has
remained in a trading range, it has not been able to move past its DMAs
comprehensively. Presently, it trades near the lower support are of the sideways
trajectory that it has formed. A Doji has emerged on Candles.
OIL | BUY |
Target Price: Rs 370
The stock is seen breaking
out from a formation and the confirmation is seen in volumes. After the
corrective declines from the 373-mark, it took support on its 200-DMA twice.
The Daily MACD has reported a positive crossover and it is now bullish trading
above its signal line.RSI has broken out of a formation and has marked a
bullish divergence against the price
Read More:- List of the Stock
No comments:
Post a Comment