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Top trading ideas by technical analysts (PCG desk) at HDFC Securities:
Buy Atul Auto
CMP: Rs 440
STOP LOSS: Rs 420
TARGET: Rs 470
Stock has given breakout on the daily chart with higher volumes where it managed to close above the 200 day simple moving average, after three months. Oscillators and mometum indicators like MACD and RSI on the daily charts are showing strength in the stock. It reported 7% rise in its July month sales over July 2016. Considering the technical evidences discussed above we recommend buying the stock between 440 and 430, for the target
Buy Atul Auto
CMP: Rs 440
STOP LOSS: Rs 420
TARGET: Rs 470
Stock has given breakout on the daily chart with higher volumes where it managed to close above the 200 day simple moving average, after three months. Oscillators and mometum indicators like MACD and RSI on the daily charts are showing strength in the stock. It reported 7% rise in its July month sales over July 2016. Considering the technical evidences discussed above we recommend buying the stock between 440 and 430, for the target
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