-
ALSO READ
Nifty outlook and top trading ideas by CapitalVia Global Research Limited
Nifty outlook and top trading ideas by CapitalVia: Buy HDFC, Equitas
Nifty outlook and top trading ideas by Jay Anand Thakkar of Anand Rathi
Nifty Outlook and top trading ideas by CapitalVia Global Research Limited
Top trading ideas by CapitalVia: Buy JSW Steel, Max Financial Services
-
NIFTY: BUY | TGT: 12,150 | SL: 11,950
Nifty closed in the negative territory for the second consecutive day, however, it managed to close above 12,000 levels, which is a positive in the short term. The momentum indicator MACD is well in the sell mode with a negative divergence which is a concern in the short term. However, since the price has not confirmed the reversal from up to down, we continue to maintain our short-term bias up for the target of 12,150 with a stop loss of 11,950.
ICICIGI: BUY | TGT: Rs 1,470 | SL: Rs 1,330
The stock has formed a nice ascending triangular pattern which is bullish continuation pattern. The stock has earlier provided such a breakout and had went up quite well, this time it has retested the same and it has again formed the similar pattern, so we recommend buying it.
PIDILITE: BUY | TGT: Rs 1,375 | SL: Rs 1,290
The stock seems to have completed a three wave declining structure on the daily charts and it has also provided a breakout from an inverse head and shoulders pattern, hence we recommend to buy it for the short-to-medium term.
PVR: BUY | TGT: Rs 1,920 | SL: Rs 1,780
The stock has provided a breakout from the falling channel with a breakout from the inverse head and shoulders pattern as well that has been formed on the hourly charts. Both of these patterns are absolutely positive and have provided a bullish crossover in its daily as well as hourly MACD, so we recommend buying it.
Disclaimer: Author may or may not have positions in the above mentioned stocks
RECOMMENDED FOR YOU