Thermax, Vishnu; top stock picks by Rajesh Bhosale of Angel One
Thermax has demonstrated impressive strength in a sluggish market, delivering a bullish range breakout on Friday, signaling a continued uptrend into next week
 "Stock Market, Market, Crash, Funds, up, Stock, Lost, decline, statistic, Crisis, Capital, BSE, NSE")
(Photo: Shutterstock)
Listen to This Article
NSE Scrip – THERMAX
View - Bullish
Last Close – 5,431
The stock has demonstrated impressive strength in a sluggish market, delivering a bullish range breakout on Friday, signaling a continued uptrend into next week. Prices remain well above key averages, with dips finding buying interest around the 50 EMA. The momentum oscillator, RSI, has also provided a smoothed buy signal alongside its moving averages.
Hence, we recommend to BUY THERMAX around 5,430 - 5,410 | SL: 5,180 | TGT: 5,900
Also Read
 "VIX VAPOUR RISING, markets crash, sensex")
 "Gold, Gold price, Gold rate")
 "Stock Market, Market, Crash, Funds, up, Stock, Lost, decline, statistic, Crisis, Capital, BSE, NSE")
 "Stock Market, Market, Crash, Funds, up, Stock, Gain, Lost, decline, statistic, Crisis, Capital, BSE, NSE")
 "Stock Market, Market, BSE, NSE, Nifty")
NSE Scrip – Vishnu
View - Bullish
Last Close – 491
A robust uptrend is underway, with prices consistently forming a higher top-higher bottom structure. Currently trading in uncharted territory, the stock shows high volumes supporting the upward movement, highlighting its strength despite a broader market sell-off. Multiple bullish patterns are emerging, suggesting continued outperformance in the near term.
Hence, we recommend to BUY VISHNU around 491 - 487 | SL: 461 | TGT: 545
(Rajesh Bhosale is an equity technical analyst at Angel One Ltd. Views expressed are his own.)
More From This Section
 "Market, stock market")
 "Market, BSE, NSE, NIfty, Stock Market, investment")
 "Equity markets around the world continue to be on a tear. The MSCI Global Equity Index is close to its lifetime highs, up a staggering 30 per cent over the last year. But it is not just equities; all asset classes have thrived in recent months.")
 "FUNDS")
Topics : Stock calls technical charts stocks technical analysis Market technicals technical analysis
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Oct 28 2024 | 7:33 AM IST