 "Osho Krishan of Angel One recommends buying these two stocks on Dec 23")
NSE Scrip – Aegis Logistics
View - Bullish
Last Close – 825.80
Aegis Logistics has seen a strong spurt in price and volumes in the last trading session from the cluster of its significant EMAs on the daily chart. Also, the counter has reverted from the 61.80% Fibonacci retracement of the recent surge, suggesting a continuation of its uptrend in the comparable period. Additionally, the 14-period RSI witnessed a positive crossover with the recent price action, adding to the bullish quotient.
Hence, we recommend to ‘Buy’ Aegis Logistics around Rs 810-800 | Stop-loss: Rs 750 | Target: Rs 910-920
NSE Scrip – Jupiter Wagons
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View - Bullish
Last Close – 540.80
JWL has witnessed a breather post the Sloping trendline breakout it saw last week. The counter is firmly placed above the cluster of its significant EMAs, coinciding with the 200 SMA, suggesting strong nearby support. The recent profit booking has led the stock to re-test its breakout zone, providing an opportunity to accumulate the counter from a short to medium-term view. MACD, along with other oscillators, hovers in a comfortable zone, adding an inherent bullish stance in the counter.
Hence, we recommend to ‘Buy’ JWL around Rs 530 | Stop-loss: Rs 495 | Target: Rs 590
(Disclaimer: Osho Krishan is a senior analyst of technical and derivatives at Angel One Ltd. Views expressed are his own.)