Nirmal Bang recommends buy on HUL, Hexaware Technologies, Coal India

Here are three buy calls from Nirmal Bang

Hindustan Unilever: BUY
Stop loss: Rs 820
Target: Rs 852

BUY HINDUNILVR ABOVE Rs 833 WITH Stop Loss Rs 820 & TARGET Rs 852.

The short term moving averages have converged and are placed with buy signals. On the oscillator front, RSI is placed with a positive signal.

Hexaware Technologies: BUY
Stop Loss: Rs 250
Target: Rs 270

BUY HEXAWARE ABOVE Rs 257 WITH Stop Loss Rs 250 & TARGET Rs 270
Momentum Indicator RSI is showing a positive cross over in daily chart indicates strength. Stock is keeping a positive closing above the 50-DMA from last two trading sessions
 

Coal India: BUY
Stop Loss: Rs 335
Target: Rs 360

BUY COALINDIA ABOVE Rs 342 WITH stop loss Rs 355 & TARGET Rs 360.
The important oscillators RSI & MACD on the daily have turned positive which indicates limited downside potential. The prices are currently trading above the All short term an averages.

Disclaimer: Nirmal Bang Securities Private Limited (hereinafter referred to as “NBSPL ”)is a registered Member of National Stock Exchange of India Limited, Bombay Stock Exchange Limited and MCX stock Exchange Limited. We have been granted certificate of Registration as a Research Analyst with SEBI . Registration no. is INH000001766 for the period 23.09.2015 to 22.09.2020.NBSPL or its associates including its relatives/analyst do not hold any financial interest/beneficial ownership of more than 1% in the company covered by Analyst (in case any financial interest is held kindly disclose)NBSPL or its associates/analyst has not received any compensation from the company covered by Analyst during the past twelve months. NBSPL /analyst has not served as an officer, director or employee of company covered by Analyst and has not been engaged in market making activity of the company covered by Analyst. The views expressed are based solely on information available publicly and believed to be true. Investors are advised to independently evaluate the market conditions/risks involved before making any investment decision .