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Stock calls by Nilesh Jain of Anand Rathi: Buy Bharat Forge, L&T Infotech

The stock of Bharat Forge has formed a strong base and has started making a higher top and higher bottom formation on the daily chart

The stock of Aurobindo Pharma has provided a breakout from a falling channel on the daily chart

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The stock of L&T Infotech has formed a double bottom formation on the daily chart

Nilesh Jain Mumbai

2 min read Last Updated : Oct 06 2020 | 8:00 AM IST

BUY BHARAT FORGE | TARGET: Rs 485 | STOP LOSS: Rs 450

The stock has formed a strong base and has started making a higher top and higher bottom formation on the daily chart. It has also provided a breakout from a modified head and shoulder pattern on the hourly chart. The volumes were also higher than average which also supports the breakout. The momentum indicator RSI has breached the falling trend line and MACD provided a fresh buy crossover on the daily chart which hints of further positive momentum in the counter.

BUY AUROPHARMA | TARGET: Rs 880 | STOP LOSS:

Topics : Stock calls Market technicals Markets Bharat Forge Aurobindo Pharma L&T Infotech

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