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Top stock recommendations by Anand Rathi: Buy Voltas, Reliance Ind, Concor

Trading ideas by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers

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Jay Anand Thakkar Mumbai
NIFTY: BUY

TGT: 11,750

SL: 10,400

Nifty closed in the positive territory in the last trading session and it has formed a falling channel on the hourly charts. The stock has also formed an inverse head and shoulders pattern on the hourly charts and the breakout from both inverse H&S as well as channel is above 11,615 levels. The support is pegged at 11,500 on immediate basis and below those 11,400 levels. The daily as well as weekly MACD is well in buy mode, hence we recommend buying it for the target of 11,750 with a stop loss of

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First Published: Sep 27 2019 | 6:38 AM IST

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