 "market, stocks, stock market trading, stock market")
Stock Recommendations
NSE Scrip – IEX
Click here to connect with us on WhatsApp
View - Bullish
Last Close – 195.32
IEX witnessed a substantial increase in price in the last couple of trading sessions from the 21 DEMA on the daily chart. Additionally, the counter witnessed a run-away gap, followed by a V-shaped recovery on the daily time frame, construing a positive development. From a technical standpoint, the counter has gained significant traction in terms of volumes lately, which is likely to augur well from a short to medium-term outlook. On the oscillator front, the MACD signals a continuation
move, suggesting a potential upside journey in a comparable period.
More From This Section
 "US economy, united states, US Fed")
 "ipo market listing share market")
 "stake sale, disinvestment, psu, public sector undertaking, shares, stocks, growth, sale, buy")
 "pharma medicine drugs")
 "FPI, Foreign portfolio investment")
Hence, we recommend to BUY IEX around Rs 192-190 | SL: Rs 178 | Target: Rs 215-220
NSE Scrip – M&M Fin
View - Bullish
Last Close – Rs 305.45
M&M Fin witnessed a decisive multi-week breakout on a closing basis, soaring nearly 4 percent. The counter has witnessed very strong traction in the last couple of trading weeks and seems poised to continue its northward move in the comparable period. Additionally, the counter witnessed a sloping trendline breakout, adding a bullish quotient to its undertone. On the oscillator front, the 14-period RSI had showcased a positive crossover, and MACD signals a continuation move, suggesting a potential upside journey for the counter.
Hence, we recommend to BUY M&M Fin around Rs 302-300 | SL: Rs 282 | Target: Rs 345
(Osho Krishan is a senior analyst of technical & derivatives at Angel One Ltd. Views expressed are his own.)
 "Media Majors, stock market, share market, stock trading")
 "market, stocks, stock market trading, stock market")
 "share market")
 "share market stock market trading")
