Stock market recommendations, According to Mehul Kothari, DVP – Technical Research, Anand Rathi Shares and Stock Brokers, Tube Investments, Godrej Agrovet Ltd, and Astrazneca Pharma are the top stocks for tday:
Tubeinvest: Buy Near ₹ 2850 | Stop Loss: ₹ 2600 | Target: ₹ 3350
The stock was highly oversold but has started to outperform in the last few days. Most importantly, a change of trend has been confirmed on the short-term charts. Today, A Breakout was observed with strong volumes, reinforcing the strength of this move.
Previous, a Breakdown Occurred Around ₹ 3200 – ₹ 3300, and the stock nowers to be prepaering for a retest of that zone.
Thus, traders are advised to buy tubeinvest in the range of ₹ 2750-₹ 2850, with a stop-level ₹ 2600 on a closing Basis, for an upside target of ₹ 3350 in the Coming 1-3 months.
Godrejagro: Buy Above ₹ 750 | Stop Loss: ₹ 700 | Target: ₹ 850
The stock has significantly outperformed the broader markets and has been consolidated in a range for the past 5-6 months. Based on the current structure, a breakout from this range appears Imminent.
With Limited Downside Risk from Current Levels, Traders are Advised to Buy Godrejagro Above ₹ 750, with a Story Stop-Loss at ₹ 700 on A Closing Basis, for an updered target of ₹ 850 in the Coming 1–3 Months.
Astrazen: Buy Near ₹ 7800 | Stop Loss: ₹ 7500 | Target: ₹ 8400
The stock exhibits a structure similar to Godrejagro, but even stronger. Today, it delivered a Major Range Breakout, and that Too Near Its Lifetime High.
Additional, RSI has confirmed a Breakout, and Adx (14) Crossing 28 Signals a Strengthaning Trend, Indicating The Potential for a Sharp UPSIDE MOVE.
Thus, traders are advised to buy astrazen in the range of ₹ 7750-₹ 7850, with a stop-level ₹ 7500 on a closing Basis, for an upside target of ₹ 8400 in the Coming 1 –3 months.
Disclaimer: The opinions, analyses and recommendations Expressed here therein are that of brokerage and do not reflect the views of the times of India. Always consult with a Qualified Investment Advisor or Financial Planner Before Making Any Investments Decisions.
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