Rajesh Bhosale of Angel One picks 2 stocks to buy for upside on Dec 16
Stocks to Buy for upside: We can see a Cup and Handle breakout in Bharti Airtel share price, further strengthening the bullish outlook
 "Online trading, Trading (Photo: Shutterstock)")
Photo: Shutterstock
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NSE Scrip – KESORAMIND
View - Bullish
Last Close – 232
KESORAMIND stock prices are displaying a multiple-pattern formation. After reaching highs around 230 in September, the prices experienced a correction alongside broader markets. However, they have since formed a double bottom around 205 levels and crossed the previous swing high, entering uncharted territory with a Saucer formation.
Additionally, a pennant continuation pattern breakout is evident upon close observation of the charts. These developments are further supported by strong volumes, indicating robust interest in this counter.
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 "silver")
 "Hindustan Petroleum, HPCL")
 "Infosys")
 "The average daily trading volume (ADTV) for the futures and options segment climbed to a new record high of Rs 537 trillion in September, rising 7.2 per cent on a month-on-month basis. The ADTV for the cash segment, however, fell nearly 4 per cent to")
Hence, we recommend to BUY KESORAMIND around 232 - 230 | Stop Loss: 224 | Target: 248
NSE Scrip – BHARTIARTL
View - Bullish
Last Close – 1682
After forming a base around the key 89 DEMA, the prices have established a higher top, higher bottom formation, signaling the start of a bullish cycle. This setup also confirms a Cup and Handle breakout, further strengthening the bullish outlook. During the week, prices surged with strong volumes, reflecting renewed buying interest.
Additionally, the RSI indicator crossing the 60-mark highlights positive momentum flow in this counter.
Hence, we recommend to BUY BHARTIARTL around 1,682 - 1,675 | Stop Loss: 1,600 | Target: 1,835
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Disclaimer: This article is by Rajesh Bhosale, equity technical analyst, Angel One Ltd. Views expressed are this own.
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 "HDFC Bank, HDFC")
 "The average daily trading volume (ADTV) for the futures and options segment climbed to a new record high of Rs 537 trillion in September, rising 7.2 per cent on a month-on-month basis. The ADTV for the cash segment, however, fell nearly 4 per cent to")
 "Stock Market, Market")
 "SEBI")
 "FPI, Foreign portfolio investment")
Topics : Stock calls Markets Bharti Airtel Bharti Airtel shares Kesoram Industries Market news NSE BSE Indian stock markets Stocks to buy today Stocks to buy Angel one
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First Published: Dec 16 2024 | 6:38 AM IST