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Dixon Tech, Sonata Software, Redington: Time to bet on these midcap stocks

These five stocks are likely to gain ground in the days ahead, provided the overall market sentiment stays strong.

Topics
Mid-cap IT stocks | Buzzing stocks | Dixon Technologies (India)

Avdhut Bagkar  |  Mumbai 

Redington (India) Limited (REDINGTON): After conquering the 200-days moving average (DMA), the stock has entered into a consolidation range of Rs 105 to Rs 124 levels. The sentiment remains bullish with 50-DMA and the 100-DMA making a positive crossover with 200-DMA.

The upward breakout may see a rally towards Rs 135 and then Rs 140 levels, as per the daily chart. CLICK HERE FOR THE CHART Dixon Technologies (India) Limited (DIXON): A formation that is quite similar to “Double bottom” in the Relative Strength Index (RSI) will confirm a breakout if the counter closes firm ...

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First Published: Wed, October 14 2020. 11:08 IST
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