We have collected some stocks based on both fundamental and technical basis across various web sources that are on radar to be trade on this week:
- AMBUJA CEMENTS: The stock in the past one month has witnessed much erosion from the peak of 252 to bottom out at around 200 levels and has now indicated a pullback recovery with strength and potential anticipated to give a further rise in the coming days. The indicators like the RSI has been hovering around the highly oversold zone and currently has shown a trend reversal to signal a buy and maintain a positive bias. With rising volume participation in recent days and with favourable indicators supporting our view, we recommend a buy in this stock for an upside target of 225 keeping a stop loss of 195. (Source: http://www.business-standard.com)
- JK TYRE: The stock has witnessed a decent erosion in 2 months from the peak of 170 to bottom out at around 120 levels and currently has indicated a revival and is poised for an upmove. The RSI has hit the highly oversold zone and has indicated a trend reversal to signal a buy and the chart looks attractive maintaining a positive bias with strength and potential to rise further in the coming days. With decent volume participation witnessed, we recommend a buy in this stock for an upside target of 140 keeping a stop loss of 117. (Source: http://www.business-standard.com)
- Indian Bank: Indian Bank is a ‘buy’ call with target price of Rs 384 and stop loss of Rs 360. (Source: indiatimes.com)
- Lupin: is a ‘buy’ call with target price of Rs 834 and stop loss of Rs 795. (Source: indiatimes.com)
- SBI: is a ‘buy’ call with target price of Rs 283 and stop loss of Rs 268. (Source: indiatimes.com)
- Glenmark: is a ‘buy’ call with target price of Rs 575 and stop loss of Rs 545. (Source: indiatimes.com)
Disclaimer: The Stock mentioned are not an advice to buy or sell. It is only for information purpose. The information is collected from various published sources. You are advised to consult your financial advisors before any decision to be taken on the stocks. In no case Wealth Discovery Securities or Ezwealth will be responsible or cannot be liable for any loss on your action taken on the stocks.