Here's why Mehul Kothari recommends to Buy Page Industries, Sell TCS

According to the technical analyst from Anand Rathi, TCS can decline to Rs 3,160; whereas Page Industries can witness a sharp rally to Rs 48,500 level.

SELL

TCS

Sell Near: Rs 3,300

Target: Rs 3,160

Stop Loss: Rs 3,370

Previously the stock TCS found resistance near Rs 3,370 level and took a dip towards Rs 2,900-mark. Currently, the stock is again trading near Rs 3,300 mark and there is reversal candlestick pattern. There is a possibility of double top formation and the stock is finding supply at the placement of 200-day moving average.

Thus, we advise traders to SELL the stock near Rs 3,300 with a strict stop of Rs 3,370.

BUY

Page Industries

Buy Near: Rs 46,500

Target: Rs 48,500

Stop Loss: Rs 45,500

The stock has been in a corrective mode from the peak of Rs