Business Standard

Here's why Mehul Kothari recommends buying Hikal, Jindal Saw

According to the technical analyst from Anand Rathi, JINDALSAW has seen a strong resurgence in the last two sessions backed by robust volumes indicating soaring demand at lower levels

Markets, bulls, bears, stocks, trading, technicals, market technical, technical analysis
Web Exclusive Premium

Mehul Kothari Mumbai
BUY HIKAL
TARGET: Rs 575
STOP LOSS: Rs 508

HIKAL has been trading with positive biasness for the past couple of trading sessions and is currently placed above the mean of the Bollinger band (20, 2) suggesting inherent strength. Even on the daily time frame, the stock is hovering near the cluster of exponential moving averages suggesting nearby support. Also on the oscillator front, 14-period RSI has seen positive crossover and has headed northwards affirming the bullish stance in the counter.

BUY JINDALSAW
TARGET: Rs 116
STOP LOSS: Rs 96

JINDALSAW has seen a strong resurgence in

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 26 2021 | 8:01 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com