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Mehul Kothari recommends Buy on CAMS, Pfizer; Check Why

According to the technical analyst from Anand Rathi, CAMS can rally to Rs 2,700, while Pfizer can be bought for a target of Rs 4,700.

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Mehul Kothari Mumbai
BUY
CAMS
Buy Near: Rs 2,520
Target: Rs 2,700
Stop Loss: Rs 2,420

On the daily chart of CAMS we are witnessing a fresh trend line breakout. The breakout has occurred just above the placement of its 200-DEMA and 200-DSMA. In addition, the price action resembles bullish inverse Head & Shoulder pattern.

Thus, we advise traders to buy the stock on dips near Rs 2,520 for a target of Rs 2,700 in the coming sessions.

BUY
Pfizer
Buy Above: Rs 4,490
Target: Rs 4,700
Stop Loss: Rs 4,350

After a consolidation of few months, Pfizer has confirmed range breakout and that too above its 200-day moving average. During the process, the stock