 "Osho Krishan of Anand Rathi recommends buying Tata Motors DVR, Birlasoft")
BUY TATAMTRDVR LTD | TARGET: Rs 160 | STOP LOSS: Rs 137
TATAMTRDVR has re-tested the breakout zone and has seen an early sign of reversal in the last trading session. On the daily chart, the stock has been able to sustain above all its exponential moving averages and is even hovering above the mean of the Bollinger band (20, 2) indicating inherent strength in the counter. The stock has formed a strong base around the zone of Rs 135-137 and sustenance above the same could be seen as a positive sign for the counter in the coming future.
BUY BIRLASOFT LTD | TARGET: Rs 442 | STOP LOSS: Rs 390
BSOFT is trading in a rising channel on a daily time frame. The stock has seen a strong resurgence from the lower band of the channel in the recent past and this time the lower band is being accompanied by the cluster of short-term exponential moving averages indicating a strong demand zone for the counter. Hence looking at the technical setup and the risk-reward ratio, it is advisable to go long in the counter from a short-term perspective.
=========================
Disclaimer: Osho Krishan is senior manager – Equity Research at Anand Rathi Shares & Stock Brokers. Views are personal.
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%