Stock -market recommendations: According to Somil Mehta, his head – alternative research, capital market strategy, Mirae Asset Sharekhan, HUL and SBI card de Top stocks to buy Today:
HUL – Buy in the range between RS 2230 & RS 2260; Stoploss: RS 2189; Goal: RS 2420
HUL (Hindustan Unilever Limited) started forming a higher upper bottom of the upper top and is broken from a small consolidation. The momentum indicator has also given a fresh positive crossover under the zero line. The stock has been corrected in recent months from the peak of 2602 to the lows of 2136 and the stock is expected to bounce for a 61% retracement IE 2420. Main support on 2218 & 2189 and resistance on 2366 and 2420.
SBI card – buy in reach between RS 830 & RS 850; Stoploss: RS 814; Goal: RS 940
SBI card has formed a triangular pattern and is expected to break out the benefit. Momentum -Indicator has already given a positive crossover trade above the zero line. The stock has consolidated between 814 and 870 on the daily charts and the stock is expected to break out of consolidation at the top. Main support on 830 & 814 and resistance on 864 and 870.
Disclaimer: The opinions, analyzes and recommendations expressed in this are those of brokerage and do not reflect the views of the Times of India. Always consult with a qualified investment advisor or financial planner before taking investment decisions.
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