 "Top intraday calls from Chandan Taparia of Anand Rathi")
LIC HOUSING FINANCE: BUY
STOP LOSS: Rs 445
TARGET: Rs 475
The stock crossed and closed above its 200 DMA and crossed the hurdle of Rs 450 levels. It witnessed a consolidation in last six sessions after a positive price run from Rs 388 to Rs 467 and now again it has started to move after taking support at its 50 DMA which has bullish implication. It has also been taking support at its 50 weekly moving average and now a rally towards Rs 475 and higher levels cannot be ruled out.
STOP LOSS: Rs 445
TARGET: Rs 475
The stock crossed and closed above its 200 DMA and crossed the hurdle of Rs 450 levels. It witnessed a consolidation in last six sessions after a positive price run from Rs 388 to Rs 467 and now again it has started to move after taking support at its 50 DMA which has bullish implication. It has also been taking support at its 50 weekly moving average and now a rally towards Rs 475 and higher levels cannot be ruled out.
HIMATSINGKA SEIDE: BUY
STOP LOSS: Rs 188
TARGET: Rs 209
The stock has been making higher highs – higher lows on weekly chart from last three weeks and registered highest weekly closing of last eight weeks. It has given a smart v- shaped recovery in last three weeks, it also crossed and closed above its 50% Fibonacci retracement levels of the fall witnessed in last two months. It has taken support at its 50 DMA on daily chart and is now set to start fresh rally towards 209 and higher levels.
STOP LOSS: Rs 188
TARGET: Rs 209
The stock has been making higher highs – higher lows on weekly chart from last three weeks and registered highest weekly closing of last eight weeks. It has given a smart v- shaped recovery in last three weeks, it also crossed and closed above its 50% Fibonacci retracement levels of the fall witnessed in last two months. It has taken support at its 50 DMA on daily chart and is now set to start fresh rally towards 209 and higher levels.
CENTURY TEXTILES: BUY
STOP LOSS: Rs 492
TARGET: Rs 528
The stock has given a price volume breakout after a consolidation of last five weeks and registered highest daily close of last thirty eight trading sessions. The positive move in the counter was led by short covering activities and now further up move towards 528 and higher levels may be seen. It is turning from the lower levels thus giving an opportunity of attractive risk reward ratio.
STOP LOSS: Rs 492
TARGET: Rs 528
The stock has given a price volume breakout after a consolidation of last five weeks and registered highest daily close of last thirty eight trading sessions. The positive move in the counter was led by short covering activities and now further up move towards 528 and higher levels may be seen. It is turning from the lower levels thus giving an opportunity of attractive risk reward ratio.
INDIABULLS HOUSING FINANCE: SELL
STOP LOSS: Rs 635
TARGET: Rs 598
The stock failed to hold the support of 630 levels and is continuously making lower top – lower bottom price formation from thirteen trading sessions. It has been continuously trading in weakness and failed to recover with the broader market with active shorts. It has been finding hurdle at every resistance levels and short term trend of the stock has turned to negative.
STOP LOSS: Rs 635
TARGET: Rs 598
The stock failed to hold the support of 630 levels and is continuously making lower top – lower bottom price formation from thirteen trading sessions. It has been continuously trading in weakness and failed to recover with the broader market with active shorts. It has been finding hurdle at every resistance levels and short term trend of the stock has turned to negative.
Disclaimer : We are suggesting all these stocks to our clients but no personal holdings.
