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Top trading calls by Anand Rathi: Buy Berger Paints, Mindtree, GCPL

Nifty outlook and top trading ideas by Jay Anand Thakkar, CMT - Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers.

Markets, Buy, Sell, Stocks, Shares
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Jay Anand Thakkar Mumbai
NIFTY: BUY  

TARGET: 11,300  

STOP LOSS: 11,100

Nifty closed in the negative territory in the last trading session and it has taken a good support at the 200-day moving average (DMA); hence, a probability of a bounce back is quite high. The momentum indicator moving average convergence divergence (MACD) too, appears, oversold at the current moment. Thus, we recommend buying at this level for the upside target of 11,300 with a stop loss of 11,100.

BERGER PAINTS: BUY  

TARGET: Rs 368  

STOP LOSS: Rs 315

The stock has formed a nice symmetrical triangular pattern with a clear buy crossover on its daily, weekly and monthly momentum indicator

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First Published: Jul 30 2019 | 7:56 AM IST

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