 "Image via Shutterstock")
INDIAN HOTELS: BUY
Target: Rs 98
Stop Loss: Rs 89
Also Read
Buy above Rs 92 with stop loss at Rs 89 and target Rs 98. Daily chart suggests that stock the stock is taking a good support of the rising trendline indicates a positive sign. Also the fact that the stock managed to surpass the 50-DMA i.e. Rs 90 levels with volumes suggesting upmove. RSI is showing positive crossover.
INTELLECT DESIGN : BUY
Target: Rs 206
Stop Loss: Rs 188
Buy above Rs 194 with stop loss at Rs 188 and target Rs 206. The short term moving averages have converged and are placed with buy signals. On the oscillator front, RSI is placed with a positive signal.
MAXWELL: BUY
Target: Rs 62
Stop Loss: Rs 52
Buy above Rs 55.50 with stop loss at Rs 52 and target Rs 62. Daily chart indicates that stock is given the symmetrical triangle breakout i.e. Rs 52.50 with good volumes indicates positive view. Momentum indicators such as RSI is showing a positive crossover indicates strength.
Disclaimer:
Nirmal Bang Securities Private Limited (hereinafter referred to as “NBSPL ")is a registered Member of National Stock Exchange of India Limited, Bombay Stock Exchange Limited and MCX stock Exchange Limited. NBSPL is in the process of making an application with SEBI for registering as a Research Entity in terms of SEBI (Research Analyst) Regulations, 2014.NBSPL or its associates including its relatives/analyst do not hold any financial interest/beneficial ownership of more than 1% in the company covered by Analyst (in case any financial interest is held kindly disclose)NBSPL or its associates/analyst has not received any compensation from the company covered by Analyst during the past twelve months. NBSPL /analyst has not served as an officer, director or employee of company covered by Analyst and has not been engaged in market making activity of the company covered by Analyst. The views expressed are based solely on information available publicly and believed to be true. Investors are advised to independently evaluate the market conditions/risks involved before making any investment decision. Please read Risk Disclosure Doc before Investing.
Vikas S. Salunkhe is a Sr. Technical Research Analyst with Nirmal Bang
