Trading calls from Nirmal Bang: Buy HCL Tech, JSW Steel, ACC

Check out the trading calls from Vikas Salunkhe of Nirmal Bang

HCL TECH: BUY

Target: Rs 900

Stop Loss: Rs 860

Buy above Rs 878 with stop loss at Rs 860 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.

 

JSW STEEL: BUY

Target: Rs 960

Stop Loss: Rs 880

Buy above Rs 908 with stop loss at Rs 880 and target Rs 960. The stock has managed to close above all moving averages. Stock is keeping a positive closing above the 100DMA from last six trading sessions indicates strength.

               

ACC: BUY

Target: Rs 1,470

Stop Loss: Rs 1,370

Buy above Rs 1401 with stop loss at Rs 1370 and target Rs 1470. Momentum Indicator RSI is showing a positive cross over in daily chart indicates strength. The stock has managed to close above all moving averages with strong bull candle. Stock is keeping a positive closing above the 50/100 DMA from last trading sessions.



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