Bharat Forge Limited
Recommendation: Buy
Last Close: Rs 783.15
Initiation range: Rs 780-785
Target: Rs 825
Stop loss: Rs 765
Bharat Forge has been consolidating within the Rs 720-820 zone for the last four months while holding firmly above the support zone of medium term moving average (100 EMA) on the daily chart. The stock is currently trading in the middle of the band and the chart pattern, and indicates the possibility of a breakout soon. We thus recommend accumulating the stock in the mentioned zone.
Bharti Airtel Limited
Recommendation: Buy
Last Close: Rs 713.95
Initiation range: Rs
Recommendation: Buy
Last Close: Rs 783.15
Initiation range: Rs 780-785
Target: Rs 825
Stop loss: Rs 765
Bharat Forge has been consolidating within the Rs 720-820 zone for the last four months while holding firmly above the support zone of medium term moving average (100 EMA) on the daily chart. The stock is currently trading in the middle of the band and the chart pattern, and indicates the possibility of a breakout soon. We thus recommend accumulating the stock in the mentioned zone.
Bharti Airtel Limited
Recommendation: Buy
Last Close: Rs 713.95
Initiation range: Rs