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Weekly stock picks by Religare Broking: Buy Bata India, CONCOR

CONCOR has retraced considerably from its record high and reached closer to the support zone of the long-term moving average (200 EMA) on the daily chart

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Religare Broking Mumbai

2 min read Last Updated : Jan 29 2020 | 8:00 AM IST

Buy Bata India Limited

Last Close: Rs 1,833.25

Initiation range: Rs 1,825-1,835

Target: Rs 1,940

Stop loss: Rs 1,780

BATAINDIA has witnessed a fresh breakout of late from the consolidation range where it spent nearly three months. Importantly, the price breakout was accompanied by a sharp rise in volumes, adding to the confirmation. In short, all indications are in favor of the up move to continue. We thus advise initiating fresh longs within the mentioned levels.

Buy Container Corporation of India Limited

Last Close: Rs 571.75

Initiation range: Rs 564-568

Target: Rs 588

Stop loss: Rs 557

CONCOR has retraced

Topics : Religare securities Stock calls Markets Stock advice Trading strategies

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