Market Trading Guide: Jindal Saw among 2 stock recommendations for Monday
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Stock Ideas
Market sentiment remains measured as the absence of a definitive geopolitical resolution in the Middle East continues to keep crude oil prices volatile. Domestically, analysts say earnings from several industry bellwethers have been in line with or ahead of expectations, providing a constructive backdrop for sector-specific optimism and investment opportunities.
2 stock recommendations for Monday
2 stock recommendations for Monday
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Jindal Saw: Buy
Buying Zone: Rs 271–272
Stop loss: Rs 260
Target: Rs 290
Jindal Saw has given a fresh breakout above its short-term resistance zone and is trading sustainably above all key EMAs, with RSI momentum rising towards 60.
Virat Jagad, Senior Technical Research Analyst, Bonanza Portfolio
Stop loss: Rs 260
Target: Rs 290
Jindal Saw has given a fresh breakout above its short-term resistance zone and is trading sustainably above all key EMAs, with RSI momentum rising towards 60.
Virat Jagad, Senior Technical Research Analyst, Bonanza Portfolio
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Devyani International: Buy
Buying Zone: Rs 135
Stop loss: Rs 125
Target: Rs 155
The stock has given a strong breakout above a prolonged consolidation phase and is trading above its short-term EMAs while reclaiming key resistance levels. RSI has moved above 70, indicating strong bullish momentum, while a sharp rise in volumes confirms fresh buying interest. Positive price action suggests further upside in the near term.
Virat Jagad, Senior Technical Research Analyst, Bonanza Portfolio
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Stop loss: Rs 125
Target: Rs 155
The stock has given a strong breakout above a prolonged consolidation phase and is trading above its short-term EMAs while reclaiming key resistance levels. RSI has moved above 70, indicating strong bullish momentum, while a sharp rise in volumes confirms fresh buying interest. Positive price action suggests further upside in the near term.
Virat Jagad, Senior Technical Research Analyst, Bonanza Portfolio
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)