BUY ICICI BANK
CMP : Rs 334.10
TARGET : Rs 360
STOP LOSS : Rs 320
The stock has given a good run in the past 2-3 days and has indicated a breakout above the previous peak level of Rs 332 to signify a positive bias with strength and potential to rise further in the coming days. The RSI has shown a steep rise so also the MACD which has indicated a trend reversal to signal a buy. With good volume participation, we recommend a buy in this stock for an upside target of Rs 360 keeping a stop loss of Rs 320.
BUY GATI
CMP : Rs 149
TARGET : Rs 160
STOP LOSS : Rs 140
The stock has been gradually on the rise and has indicated a positive bias and with a positive candle pattern formed in the daily chart, we anticipate a decent rise further in the coming days with potential and strength. The indicators have been favourable supporting our view of a positive trigger and with rising volume activity witnessed, we recommend a buy in this stock for an upside target of Rs 160 keeping a stop loss of Rs 140.
BUY HEIDELBERG CEMENT
CMP : Rs 173.20
TARGET : Rs 192
STOP LOSS : Rs 164
The stock has almost made a higher bottom formation pattern in the daily chart and the current positive candle formed signifies a positive bias with strength and potential to carry on the momentum still further upward to scale till Rs 192 levels. The RSI has indicated a trend reversal to signal a buy and with tremendous volume participation witnessed, we recommend a buy in this stock for an upside target of Rs 192 keeping a stop loss of Rs 164.
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.
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