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Here's why Mehul Kothari recommends buying MOIL, Shriram Transport Finance

Traders are advised to buy MOIL and Shriram Transport Finance on dips near 178 and 1200, respectively.

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Mehul Kothari Mumbai
BUY MOIL | TARGET: 192 | STOP LOSS: 170

Since August 2021, MOIL was stuck in a range of 180 - 155. In yesterday’s session, the stock managed to breakout of this range and the price action was supported by decent volumes. In addition, the momentum oscillators on the daily, weekly and monthly scale are positively poised hinting towards fresh upside. Hence, traders are advised to buy the stock on dips near 178 with a stop loss of 170 for the upside potential target of 192 in 1 – 2 weeks.

BUY SHRIRAM TRANSPORT FINANCE | TARGET: 1300 | STOP

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First Published: Dec 24 2021 | 9:06 AM IST

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