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Stock tips by Nilesh Jain of Anand Rathi: Buy Radico Khaitan, Shoppers Stop

The stock of Radico Khaitan has found the support of its rising trend line and has also formed a reversal candle on the daily chart

The stock of Alembic Pharma has negated the formation of lower top and lower bottom formation which indicates that the trend has reversed
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The stock of Alembic Pharma has negated the formation of lower top and lower bottom formation which indicates that the trend has reversed

Nilesh Jain Mumbai
BUY RADICO KHAITAN | TARGET: Rs 440 | STOP LOSS: Rs 395

The stock has found the support of its rising trend line and has also formed a reversal candle on the daily chart. The momentum indicators and oscillators are in the buy mode on the weekly scales which hint that recent correction should be used as a buying opportunity. 

BUY ALEMBIC PHARMACEUTICAL | TARGET: Rs 1,030 | STOP LOSS: Rs 950

The stock has provided a breakout from a falling trend line on the daily chart. It has also negated the formation of lower top and lower bottom formation which indicates that