Trading calls from Nirmal Bang: Buy Century Textiles, HCL Tech, Maruti Suzuki

Here are three buy calls from Nirmal Bang

CENTURY TEXTILES: BUY

Target: Rs 668

Stop Loss: Rs 538

Buy above Rs 550 with stop loss at Rs 538 and target Rs668. Daily chart suggest that from last one month stock is trading in higher tops and higher bottom formation indicates positive sign. Also the fact that its taking a good support of trend line.RSI is on the verge of showing positive crossover.

 

HCL TECH: BUY

Target: Rs 900

Stop Loss: Rs 867

Buy above Rs 880 with stop loss at Rs 867 and target Rs 900. The short term moving averages have converged and are placed with buy signals. On the oscillator front, RSI is placed with a positive signal in the daily chart.

               

MARUTI SUZUKI: BUY

Target: Rs 4,690

Stop Loss: Rs 4,460

Buy above Rs 4520 with stop loss at Rs 4460 and target Rs 4690. The important oscillators RSI & MACD on the daily have turned positive which indicates limited downside potential. The prices are currently trading above the long term an average 50/100DAM which is a bullish signal


Disclaimer:

Nirmal Bang Securities Private Limited (hereinafter referred to as “NBSPL ")is a registered Member of National Stock Exchange of India Limited, Bombay Stock Exchange Limited and MCX stock Exchange Limited. We have been granted certificate of Registration as a Research Analyst with SEBI . Registration no. is INH000001766 for the period 23.09.2015 to 22.09.2020.NBSPL or its associates including its relatives/analyst do not hold any financial interest/beneficial ownership of more than 1% in the company covered by Analyst (in case any financial interest is held kindly disclose)NBSPL or its associates/analyst has not received any compensation from the company covered by Analyst during the past twelve months. NBSPL /analyst has not served as an officer, director or employee of company covered by Analyst and has not been engaged in market making activity of the company covered by Analyst. The views expressed are based solely on information available publicly and believed to be true. Investors are advised to independently evaluate the market conditions/risks involved before making any investment decision . Please Read Risk Disclosure Doc before Investing (N-BANG).

Vikas S. Salunkhe is a Sr. Technical Research Analyst with Nirmal Bang