Business Standard

Buy Jain Irrigation and Cholamandalam Investment & Finance: HDFC Securities

Buy Jain Irrigation between 109 and 106, for the target of 123, keeping SL at 102.

Volatility is the new normal for Indian equities
Premium

Devarsh VakilVinay Rajani New Delhi
Top trading ideas by technical analysts (PCG desk) at HDFC Securities:
 
Buy Jain Irrigation
CMP: Rs 109.35
STOP LOSS: Rs 102
TARGET: Rs 123
 
Stock has been forming higher top and higher bottom on the charts. Stock price is currently trading above its 10, 20, 100 and 200 DMA, indicating short to medium term bullish trend.  Oscillators like MACD and DMI on the short to medium term charts have been showing strength. On the derivative front stock has seen long buildup in the current July series. Considering the technical evidences discussed above we recommend buying the stock between

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in