Buy: Rs 1,540-1,550
Target: Rs 1,660-1,690
Stop loss: Rs.1,490
The stock has formed a structurally higher top higher bottom. In the latest development, buying indicates strong momentum. Additionally, prices have now sustained above the key 89 EMA.
Seat
Buy: Rs. 1,250 – 1,260
Target: Rs. 1,355 – 1,380
Stop loss: Rs. 1,215
A major boom was seen in the first half of July. Now there is more.
Muthoot Finance
Buy: Rs. 1,075 – 1,085
Target: Rs. 1,100 – 1,125
Stop loss: Rs. 1,024
In the weekly chart, stock prices are built based on the 200SMA. A positive crossover is in the momentum oscillator RSI with its smooth moving average.
Four
Buy: Rs.77-78
Target: Rs.85-88
Stop loss: Rs.74
A short-term bottom-out appears to be forming on the daily chart. Prices are higher than the recent congestion phase. The RSI on the Momentum Oscillator indicates a high drop in this counter at low levels. Additionally, prices are trading above the 50EMA. It previously acted as a strong resistance and now indicates a trend reversal.
Ghazaria Ceramics
Buy: Rs 1,165-1,175
Target: Rs 1,280-1,320
Stop loss: Rs.1,120
The stock has formed a positive reversal ’rounding bottom’ pattern on the daily chart. This breakout is supported by strong volumes. Purchases are at a strong pace.