 "Buy DCB Bank, Delta Corp and Pidilite Industries, says Religare Broking")
Top trading ideas by Religare Broking for today:
DCB Bank
Rec: BUY
Last Close: Rs 173.70
Initiation range: Rs 172-175
Target: Rs 190
Also Read
Stop loss: Rs 166
DCB Bank has been gradually rebounding for last one month and likely to witness resistance breakout in near future. The chart pattern combined with indications from the sectoral index is pointing towards strong surge ahead. We advise accumulating fresh longs in the given range.
Biocon
Rec: BUY
Last Close: Rs 612.30
Initiation range: Rs 610-615
Target: Rs 660
Stop loss: Rs 592
After retesting its support zone of 200 EMA on the daily chart, BIOCON has swiftly rebounded of late and looks upbeat to maintain this uptrend momentum. Further existence of support zone of short-term moving averages i.e. (100/50) EMA and bullish reversal in the pharma sector are added positive. We advise traders to create fresh longs as per the mentioned levels.
Delta Corp
Rec: BUY
Last Close: Rs 267.25
Initiation range: Rs 262-266
Target: Rs 290
Stop loss: Rs 253
Delta Corp has been consolidating in a narrow range for the last two weeks, taking a pause after the recent rally. It’s comfortably holding above the support zone of multiple moving averages on the daily chart and likely to see a fresh surge in near future. Traders should utilize this buying opportunity and accumulate fresh longs in the mentioned range.
Pidilite Industries
Rec: BUY
Last Close: Rs 1,143.05
Initiation range: Rs 1,140-1,150
Target: Rs 1,220
Stop loss: Rs 1,110
Pidilite Industries is a gradually inching towards its record high, after the marginal corrective phase. The chart pattern and positioning of the confirmation indicators are in the favour of strong up move in near future. We advise creating fresh longs in the given range.
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.
http://www.religareonline.com/research/Disclaimer/
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%