Market Trading Guide: BirlaSoft among 3 stock recommendations for Thursday
1/4
Stock Ideas
Indian equity markets have staged a recovery, supported by easing geopolitical tensions in the Middle East and a moderation in crude oil prices. While FIIs continue to withdraw capital, positive global cues are helping sustain domestic market momentum.
Here are 3 stock recommendations for Thursday
Here are 3 stock recommendations for Thursday
2/4
Buy Birlasoft at Rs 444
Stop loss: Rs 427
Target: Rs 478
Following a period of sideways movement, the stock has moved up sharply, indicating rising buying interest. Strong volume on the breakout day further supports this view. Additionally, the stock has moved above both the 21EMA and the 50EMA. The momentum indicator RSI is also trending upwards.
Rupak De, Senior Technical Analyst at LKP Securities
Target: Rs 478
Following a period of sideways movement, the stock has moved up sharply, indicating rising buying interest. Strong volume on the breakout day further supports this view. Additionally, the stock has moved above both the 21EMA and the 50EMA. The momentum indicator RSI is also trending upwards.
Rupak De, Senior Technical Analyst at LKP Securities
3/4
Buy Newgen Software at Rs 1154
Stop loss: Rs 1129
Target: Rs 1230
The stock has formed a bullish Harami pattern on the daily chart, indicating a potential bullish reversal in the short term. On the hourly chart, the stock has given a consolidation breakout, further pointing towards rising optimism. The hourly RSI is in a bullish crossover.
Rupak De, Senior Technical Analyst at LKP Securities
Target: Rs 1230
The stock has formed a bullish Harami pattern on the daily chart, indicating a potential bullish reversal in the short term. On the hourly chart, the stock has given a consolidation breakout, further pointing towards rising optimism. The hourly RSI is in a bullish crossover.
Rupak De, Senior Technical Analyst at LKP Securities
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4/4
Buy Aster DM Healthcare at Rs 592
Stop loss: Rs 569
Target: Rs 650
The stock has given a consolidation breakout on the daily chart, suggesting a rise in optimism. Moreover, it has stayed above the important short-term moving average, the 21EMA, for quite some time. The RSI is also turning upward with positive momentum.
Rupak De, Senior Technical Analyst at LKP Securities
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Target: Rs 650
The stock has given a consolidation breakout on the daily chart, suggesting a rise in optimism. Moreover, it has stayed above the important short-term moving average, the 21EMA, for quite some time. The RSI is also turning upward with positive momentum.
Rupak De, Senior Technical Analyst at LKP Securities
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)