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NIFTY: BUY
TARGET: 11,300
STOP LOSS: 11,100
Nifty closed in the negative territory in the last trading session and it has taken a good support at the 200-day moving average (DMA); hence, a probability of a bounce back is quite high. The momentum indicator moving average convergence divergence (MACD) too, appears, oversold at the current moment. Thus, we recommend buying at this level for the upside target of 11,300 with a stop loss of 11,100.
BERGER PAINTS: BUY
TARGET: Rs 368
STOP LOSS: Rs 315
The stock has formed a nice symmetrical triangular pattern with a clear buy crossover on its daily, weekly and monthly momentum indicator
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