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Technical calls by Religare Broking: Buy Dabur, HDFC, Hero Motocorp

Weekly Technical Recommendations by Religare Broking Ltd.

Trading ideas by Religare Broking
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Trading ideas by Religare Broking

Religare Broking Mumbai
Dabur India
 
Recommendation: Buy 
 
Last Close: Rs 465.85
 
Initiation range: Rs 462-466
 
Target: Rs 490
 
Stop loss: Rs 450
 
We’re seeing a mixed trend in the FMCG space wherein DABUR is showing tremendous strength. After retesting the record high, it has witnessed a marginal dip of late, offering fresh buying opportunity to those who missed the chance earlier. The chart pattern combined with the existence of strong support at 450 levels is further adding to the positivity. We advise creating fresh longs in the given range.

Housing Development Finance Corporation
 
Recommendation: Buy
 
Last Close: Rs 2,113.05
 
Initiation range: Rs 2,100-2,110

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First Published: Oct 30 2019 | 7:50 AM IST

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