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HBL POWER: BUY
Target: Rs 50
Stop Loss: Rs 38
Buy above Rs 42.5 with Stop Loss at Rs 38 and target Rs 50. Daily chart suggests that stock the stock is taking a good support of the rising trendline indicates a positive sign. Also the fact that the stock managed to surpass the 50-DMA i.e. Rs 42 levels with volumes suggesting upmove. RSI is showing positive crossover.
TITAN: BUY
Target: Rs 370
Stop Loss: Rs 344
Buy above Rs 352 with stop loss at Rs 344 and target Rs 370.The short term moving averages have converged and are placed with buy signals. On the oscillator front, RSI is placed with a positive signal.
LIC HOUSING FINANCE: BUY
Target: Rs 520
Stop Loss: Rs 480
Buy above Rs 494 with stop loss at Rs 480 and target Rs 520. The important oscillators RSI & MACD on the daily have turned positive which indicates limited downside potential. The prices are currently trading above the All long term an averages.
Disclaimer:
Nirmal Bang Securities Private Limited (hereinafter referred to as “NBSPL ”)is a registered Member of National Stock Exchange of India Limited, Bombay Stock Exchange Limited and MCX stock Exchange Limited. We have been granted certificate of Registration as a Research Analyst with SEBI . Registration no. is INH000001766 for the period 23.09.2015 to 22.09.2020.NBSPL or its associates including its relatives/analyst do not hold any financial interest/beneficial ownership of more than 1% in the company covered by Analyst (in case any financial interest is held kindly disclose)NBSPL or its associates/analyst has not received any compensation from the company covered by Analyst during the past twelve months. NBSPL /analyst has not served as an officer, director or employee of company covered by Analyst and has not been engaged in market making activity of the company covered by Analyst. The views expressed are based solely on information available publicly and believed to be true. Investors are advised to independently evaluate the market conditions/risks involved before making any investment decision . Please Read Risk Disclosure Doc before Investing (N-BANG).
Vikas S. Salunkhe is a Sr. Technical Research Analyst with Nirmal Bang
