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Stock market recommendations: According to Mehul Kothari, DVP – Technical Research, Anand Rathi Shares and Stock Brokers, Concor, Aditya Birla Real Estate and Ramco Cements are the highest stock picks for as we speak:
CONCOR: BUY Between ₹740 – ₹730 | SL: ₹699 | TGT: ₹815
CONCOR has been correcting from its peak of ₹1,172 and lately examined the ₹700 mark, the place it appears to be taking sturdy assist close to its 200-week EMA, a big technical stage. Additionally, a reversal candlestick sample mixed with trendline assist suggests a possible rebound. Traders are suggested to provoke lengthy positions within the stock inside the vary of ₹740 – ₹730, aiming for an upside goal of ₹815, with a stop-loss at ₹699.
ABREL: BUY Near ₹1,900 | SL: ₹1,800 | TGT: ₹2,100
After declining from a excessive of ₹3,000+, ABREL has now entered the sub-₹2,000 zone, signaling an oversold situation on each intraday and every day timeframes. A 3-point constructive divergence within the every day RSI suggests a potential turnaround. A breakout above ₹1,950 would additional affirm energy. Traders are suggested to go lengthy close to ₹1,900, with an upside goal of ₹2,100, and a stop-loss at ₹1,800.
RAMCO CEM: BUY Near ₹900 | SL: ₹870 | TGT: ₹960
RAMCO Cement has additionally undergone a big correction and entered an oversold zone. The stock lately discovered assist close to its 200-day EMA, a vital technical stage. Additionally, a bullish crossover within the every day RSI smoothened oscillator suggests a potential reversal. Traders can provoke lengthy positions within the stock close to ₹900, focusing on an upside of ₹960, with a stop-loss at ₹870.
Disclaimer: The opinions, analyses and recommendations expressed herein are these of brokerage and don’t mirror the views of The Times of India. Always seek the advice of with a professional funding advisor or monetary planner earlier than making any funding selections.
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