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BUY
Laurus Labs
Buy Near: Rs 378
Target: Rs 400
Stop Loss: Rs 368
The stock Laurus Labs has been in a corrective mode since long time. On the short term time frame; the stock has entered an oversold zone. At this point in time; it is hovering near the placement of 200 week EMA.
Also we are witnessing positive divergence in daily RSI which makes risk reward very lucrative to go long.
Thus, we advise traders to go long in the stock near Rs 378 with a stop loss of Rs 368.
BUY
RateGain Travel Technologies
Buy Above: Rs 310
Target: Rs 330
Stop Loss: Rs 299
After several attempts the stock has managed to reclaim its long term moving average. At this juncture it is on the verge of a trend line breakout which will get confirmed above Rs 310. We expect sharp upside momentum once the stock sustains above Rs 310 mark.
Thus, we advise traders to go long in the stock above Rs 310 with a stop loss of Rs 299.
(Mehul Kothari - AVP – Technical Research, Anand Rathi Shares & Stock Brokers. Views are personal).
