Business Standard

Mehul Kothari is bullish on Linde India, Saregama; check why

According to the technical analyst from Anand Rathi, Linde India can rally to Rs 3,875; while Saregama can surge to Rs 425.

technicals
Web Exclusive Premium

technicals

Mehul Kothari Mumbai
BUY
Linde India
Buy Above: Rs 3,575
Target: Rs 3,875
Stop Loss: Rs 3,430

Recently the stock Linde India managed to reclaim its 200 DEMA and has been consolidating. This price action indicates change of trend. The stock is on the verge of a range breakout which might get confirmed above Rs 3,575. A move above Rs 3,575 might result in a strong upside momentum.

Hence, we advise traders to buy the stock above Rs 3,575 with a strict stop of Rs 3,430.

BUY
Saregama
Buy Above: Rs 396
Target: Rs 425
Stop Loss: Rs 380

With regards to Saregama; the stock has a triple bottom formation at Rs 350 mark on

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in