Stock ideas from Anand Rathi’s Nilesh Jain: Buy Titan, LIC Housing Finance

Jannie Delucca

Promote NIFTY | Focus on: 9,a hundred | Prevent Loss: 9,400

Nifty is investing in a soaring wedge sample on the every day chart and, at this time, is dealing with rigid resistance at around 9,400 amounts. Momentum indicator RSI has proven destructive divergence on the hourly chart, wherever RSI has built decreased higher, and Nifty has built larger higher. That displays that Nifty is shedding energy and we may possibly see some offering force toward 9,a hundred amounts

Obtain APOLLOHOSP | Focus on: one,460 | Prevent Loss: one,380

The stock has formed a morning star candlestick sample on the every day chart which is deemed as a bullish reversal sample. The stock has also presented breakout on the larger aspect from a pennant sample on the every day chart which suggests positive momentum to continue in the small phrase. Momentum oscillator, MACD, is incredibly very well in acquire method on every day as very well as very well as hourly scale.

Obtain TITAN | Focus on: 990 | Prevent Loss: 890

The stock has formed a small-phrase foundation and also provided a breakout from a slipping wedge sample on the hourly chart. The stock has also built a double base at 893 amounts and exhibiting a solid pullback from the same. Momentum oscillator MACD has presented acquire crossover on the hourly chart.

Promote LICHSGFIN | Focus on: 236 | Prevent Loss: 263

The stock is on the verge of a breakdown from a soaring channel on the every day chart. The conservative concentrate on of this sample is coming around 236 amounts. The momentum indicators and oscillators have also presented offer crossover on the hourly chart.


Disclaimer: Nilesh Jain is Specialized and Derivatives analyst – Equity Investigation at Anand Rathi Shares and Stock Brokers. He may possibly ave positions in one particular or all of the over outlined shares. Views are his own.

Next Post

Deodorant and shampoo sales slump during Covid-19 lockdown

Shoppers are shunning shampoo and deodorant as individual grooming can take a backseat in the course of lockdown, according to the maker of Lynx. Purchaser items giant Unilever said there had been a slump in profits for a host of its products as consumers fork out much less interest to their visual […]