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Stock ideas from Anand Rathi's Nilesh Jain: Buy Titan, LIC Housing Finance

Titan's stock has formed a short-term base and also given a breakout from a falling wedge pattern on the hourly chart

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Nifty may see some selling pressure towards 9,100 levels

Nilesh Jain Mumbai

2 min read Last Updated : Apr 28 2020 | 8:08 AM IST

SELL NIFTY | TARGET: 9,100 | STOP LOSS: 9,400

Nifty is trading in a rising wedge pattern on the daily chart and, currently, is facing stiff resistance at around 9,400 levels. Momentum indicator RSI has shown negative divergence on the hourly chart, where RSI has made lower high, and Nifty has made higher high. That shows that Nifty is losing strength and we may see some selling pressure towards 9,100 levels

BUY APOLLOHOSP | TARGET: 1,460 | STOP LOSS: 1,380

The stock has formed a morning star candlestick pattern on the daily chart which is considered as a bullish reversal pattern. The stock has

Topics : Markets Nifty Outlook Market Outlook stocks technical analysis technical analysis Apollo Hospitals Titan

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