Sample from the brokerage platter: Biocon, Patni
Brokerage firm Anand Rathi expects Patni Computer Services to touch a target of Rs 660 in two-three months time. Biocon has started to show strength on daily and weekly graphs, trading above all moving averages.
By INDIATIMES NEWS NETWORK |
MUMBAI: Brokerage firm Anand Rathi expects Patni Computer Services to touch a target of Rs 660 in two-three months time. Biocon has started to show strength on daily and weekly graphs, trading above all moving averages.
Biocon has started to show strength on daily and weekly graphs, trading above all moving averages. The up move in the stock is supported by volumes indicating the undertone in the stock has turned bullish.
On the monthly chart, the scrip is showing signs of gaining further momentum. Its inclusion in the futures and options segment, effective September 6, will further add liquidity.
Based on the chart pattern developed to date, one may buy this scrip with a stop loss of Rs 439 and an upward target of around Rs 543, from a medium term (2-3 months) perspective.
On the monthly chart, the scrip is showing signs of gaining further momentum. Its inclusion in the futures and options segment, effective September 6, will further add liquidity.
Based on the chart pattern developed to date, one may buy this scrip with a stop loss of Rs 439 and an upward target of around Rs 543, from a medium term (2-3 months) perspective.
The firm expects Patni Computer Services to touch a target of Rs 660 in two-three months time. It has suggested buying the stock between Rs 500-510.
“On the monthly chart, the scrip is showing signs of gaining further upward momentum. Based on the chart pattern, one may buy this scrip with a stop loss of Rs 470,” it added.
At 1:06 PM, the share was down 0.58 per cent at Rs 501.80. The counter clocked a volume of 1,57,270 against two-week average of 3,23,769 shares.
“On the monthly chart, the scrip is showing signs of gaining further upward momentum. Based on the chart pattern, one may buy this scrip with a stop loss of Rs 470,” it added.
At 1:06 PM, the share was down 0.58 per cent at Rs 501.80. The counter clocked a volume of 1,57,270 against two-week average of 3,23,769 shares.
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