Aster DM Healthcare: Current market price: ₹ 483.50 | Buy range: ₹ 470–487 | Profit goal: ₹ 560 | Stop loss: ₹448 | Timeframe: 2–3 months
Fortis Healthcare Ltd: Current market price: ₹ 698.35 | Buy range: ₹678–702 | Profit goal: ₹845 | Stop loss: ₹ 625 | Timeframe: 2–3 months.
BHEL: Buy at: ₹216.40 | Target: ₹230-235 | Stop loss: ₹208
The MACD line stands at 1.32, currently above the signal line, indicating a bullish crossover and suggesting potential upward momentum. The recent trading volume exceeds the 30-day average, reflecting heightened trading interest and supporting the ongoing trend momentum. Adx at 30 shows bullishness in this stock. Also, the RSI on the Daily chart is above 60, showing strong momentum.
GAIL:Buy at: ₹183 | Target: ₹210-215 | Stop loss: ₹172
The stock has given a falling wedge pattern breakout with strong volumes. Additionally, the RSI is above the 60 level, suggesting that the momentum is likely to continue.
CESC: Buy at: ₹154 | Target: ₹174-178 | Stop loss: ₹142
The stock has given a head and shoulders breakout at ₹148 and is now trading at ₹153, providing confirmation of the breakout. The RSI is trending upwards and the MACD line is also in positive territory, indicating strong momentum and the potential for a good rally in this stock.
JK Cement: One should consider going long at current levels or on dips near ₹4,800 with a stop below ₹4,750 for a rise towards ₹5,500 in the next three months.
Ramco Cement: The trends suggest we should consider some upside towards ₹985 and ₹1,030 in the next three months as long as ₹850 level holds on the downside.
Dalmia Bharat: The charts clearly spell out a strong target zone in the region of ₹1,950-2,025 in the next three months until ₹1,770 is not sacrificed on the way down.
About the analysts:
Raja Venkatraman is co-founder, NeoTrader. His Sebi-registered research analyst registration no. is INH000016223.
MarketSmith India: Trade name: William O'Neil India Pvt. Ltd. Its Sebi-registered research analyst registration number is INH000015543.
Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441.
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Disclaimer: The views and recommendations given in this article are those of individual analysts and do not represent the views of Mint. We advise investors to check with certified experts before making any investment.
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