Weekly stock picks by Religare Broking: Buy Berger Paints, HDFC Life

Berger Paints has resumed the uptrend and is currently trading at its record high. Indications are in the favor of prevailing momentum to extend upside further

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HDFC Life has a history of volatile swings but the volatility has subsided to some extent in recent months

Ajit Mishra Mumbai

2 min read Last Updated : Oct 07 2020 | 8:00 AM IST

Berger Paints (I) Limited

Recommendation: Buy

Last Close: Rs 605.25

Initiation range: Rs 598-603

Target: Rs 625

Stop loss: Rs 585

Berger Paints has been maintaining a long term uptrend since 2010. After a slide from its record high in February 2020, it consolidated for nearly four months but the bias remained on the positive side. It has again resumed the uptrend and currently trading at its record high. Indications are in the favor of prevailing momentum to extend further thus we suggest accumulating in the mentioned range.

HDFC Life Insurance Company Limited

Recommendation: Buy

Last Close: Rs 582.05

Initiation

Topics : Stock calls Markets Market technicals Berger Paints Manappuram Finance HDFC Life Hindustan Zinc