Buy Divis Labs, Amber Enterprises & City Union Bank, Suggests Axis Securities

Sedang Trending 10 jam yang lalu

Indian benchmark indices posted mild gains connected Tuesday aft trading successful a tight scope pursuing a crisp rally past week. After geopolitical concerns, traders person shifted their attraction towards nan India-US waste and acquisition woody and India Inc's Q1 earnings. BSE Sensex added 90.83 points, aliases 0.11 per cent, to settee astatine 83,697.29, while NSE's Nifty50 roseate 24.75 points, aliases 0.10 per cent to adjacent astatine 25,541.80 for nan day.
 

Select buzzing stocks including City Union Bank, Divis Laboratories and Amber Enterprises apt to stay nether nan spotlight of traders for nan convention today. Here is what Rajesh Palviya, SVP of Technical and Derivatives Research astatine Axis Securities has to opportunity astir these stocks up of Wednesday's trading session:


Amber Enterprises | Buy | Target Price: Rs 7,650 | Stop Loss: Rs 6,850

Amber Enterprises has confirmed a 'symmetrical triangle' breakout astatine Rs 6,850 levels connected a closing ground connected nan regular chart, which indicates a beardown comeback of bulls. The past mates of sessions' immense volumes signify accrued participation. The banal is sustaining supra its 20, 50, 100 and 200-day SMA, reconfirming nan bullish trend. The regular 'band Bollinger' bargain awesome suggests accrued momentum. The regular and play spot indicator- RSI- is successful favourable territory, indicating rising spot crossed each clip frames. Investors should see buying, holding, and accumulating this stock. Its expected upside is Rs 7,600-7,750, and its downside support area is nan Rs 6,850-6,660 levels.
 

City Union Bank | Buy | Target Price: Rs 255 | Stop Loss: Rs 214

City Union Bank is successful a beardown uptrend crossed each clip frames, indicating beardown bullish sentiments. On nan monthly chart, nan banal has decisively surpassed aggregate guidance area of Rs 205 levels connected a closing basis, indicating affirmative bias. The banal is sustaining supra its 20, 50, 100 and 200-day SMA, reconfirming nan bullish trend. This breakout is accompanied by immense volumes, which signifies accrued participation. The daily, play and monthly 'band Bollinger' bargain awesome suggests accrued momentum. Relative Strength Index  is successful favourable territory, indicating rising spot crossed each clip frames. Investors should see buying, holding, and accumulating this stock. Its expected upside is Rs 250-285, and its downside support area is nan Rs 215-205 levels.
 

Divis Laboratories | Buy | Target Price: Rs 7,200 | Stop Loss: Rs 6,670

Divis Labs is successful a beardown uptrend crossed each clip frames, indicating beardown bullish sentiments. On nan regular chart, nan banal gave a mini consolidation scope breakout astatine Rs 6,800 connected a closing basis, indicating bullish sentiments. The regular 'band Bollinger' bargain awesome suggests accrued momentum. The banal is sustaining supra its 20-, 50, 100 and 200-day SMA, reconfirming nan bullish trend. The regular and play spot indicator- RSI- is successful favourable territory, indicating rising spot crossed each clip frames. Investors should see buying, holding, and accumulating this stock. Its expected upside is Rs 7,000-7,200, and its downside support area is nan Rs 6,680-6,550 levels.

Disclaimer: Business Today provides banal marketplace news for informational purposes only and should not beryllium construed arsenic finance advice. Readers are encouraged to consult pinch a qualified financial advisor earlier making immoderate finance decisions.

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