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BUY WABAG : The stock has made a bullish cup and handle pattern on daily chart with remarkable trading volumes. It has surpassed immediate hurdle Rs 530 zones on closing basis and rising volumes with an up move indicates the fresh leg of rally. It looks attractive in terms of risk reward ratio so one can buy with stop loss of Rs 513 for the upside target of Rs 550 levels.
BUY DABUR : The stock has given a consolidation price breakout on daily chart after a huge accumulation in between Rs 233 to Rs 253 zones in last 10 weeks. It started to break the higher band of the recent trading range with buying activities in all FMCG counters. It has managed to hold above 50 DMA and well placed for a move towards Rs 260 zones. One can accumulate the stock with stop loss of Rs 243 for the upside immediate target of Rs 260 levels.
BUY SIEMENS : It has come out from its recent consolidation phase and registered a highest daily close in last 45 trading sessions. It has crossed and holding the gains above immediate hurdle of Rs 1060 - Rs 1070 zones which may attract fresh buying interest in next coming sessions. It has been witnessing fresh long as well as short covering activities and looks promising for an immediate move of 4-5% from current levels. One can buy the stock with stop loss of Rs 1035 for the upside immediate target of Rs 1100 levels.
BUY SBIN : The stock has crossed its immediate hurdle of Rs 190 zones and moving upwards with strong momentum. It has seen fresh built up of long position as added open interest by more than 8% in last couple of sessions. It has also witnessed put writing which also supports our positive view on the stock towards Rs 204 then 210 zones. One can buy the stock with stop loss of Rs 189 for the upside immediate target of Rs 204 levels.
Disclaimer : We are suggesting all these stocks to our clients but no personal holdings.
