Stock calls by Ajit Mishra of Religare Broking: Buy Tata Chem, SBI Card

Tata Chem made an equally sharp reversal after the vertical decline in March 2020 and has made a new record high at Rs 345.90 in August

SBI Cards has been trading in a range of 800-865 for the last two months, after the strong recovery from the record low of 495

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SBI Cards has been trading in a range of Rs 800-865 for the last two months, after the strong recovery from the record low of Rs 495

Ajit Mishra Mumbai

2 min read Last Updated : Oct 14 2020 | 8:01 AM IST

1. Tata Chemicals Limited

Recommendation: Buy

Last Close: 307.45

Initiation range: 304-307

Target: 324

Stop loss:296

Tata Chem made an equally sharp reversal after the vertical decline in March 2020 and has made a new record high at 345.90 in August month. After the month-long corrective phase, it's currently holding above the support zone of multiple moving averages on the daily chart around 300 and is likely to resume the uptrend in near future.Traders can create fresh longs in the mentioned zone.

2. SBI Cards and Payment Services Limited

Recommendation: Buy

Last Close: 856.35

Initiation range: 850-855

Target:

Topics : Stock calls Market technicals Markets Religare