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MUTHOOT FINANCE: BUY
Target: Rs 194
Stop Loss: Rs 172
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Buy above Rs 179 with stop loss at Rs 172 and target Rs 194. Weekly chart suggests that stock has given the breakout of downward sloping trend line with decent volumes. Also the fact that stock is well placed above 50- Days Moving average indicates strength.RSI is showing positive crossover.
CAMLIN FINE: BUY
Target: Rs 114
Stop Loss: Rs 102
Buy above Rs 107 with stop loss at Rs 102 and target Rs 114.The short term moving averages have converged and are placed with buy signals. On the oscillator front, RSI is placed with a positive signal.
JUST DIAL: BUY
Target: Rs 1080
Stop Loss: Rs 990
Buy above Rs 1026 with stop loss at Rs 990 and target Rs 1080. The important oscillators RSI & MACD on the daily have turned positive which indicates limited downside potential. The prices are currently trading above the long term an average 50DAM which is a bullish signal.
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. We have been granted certificate of Registration as a Research Analyst with SEBI . Registration no. is INH000001766 for the period 23.09.2015 to 22.09.2020.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 (N-BANG).
Vikas S. Salunkhe is a Sr. Technical Research Analyst with Nirmal Bang
