Profit Sheets

Mehul Kothari recommends Buy on JM Financial, Nazara Tech; Check Why

September 23, 2022 08:06 AM





BUY


JM Financial


Buy Near: Rs 70


Target: Rs 78


Stop Loss: Rs 66


We are witnessing a fresh range breakout in and the price action is accompanied with rising volumes. Further, the stock has managed to close above its 200-day moving average. The daily RSI (14) is on the verge of range shift.


Thus, we advise traders to buy the stock near Rs 70 for a target of Rs 78 in the coming sessions.


BUY


Nazara Technologies


Buy Above: Rs 765


Target: Rs 830


Stop Loss: Rs 730


On September 09, 2022, underwent a sharp breakout above Rs 730 mark and that was along with heavy volumes. Then after we saw that the stock consolidate near its 200 DEMA.


At this juncture the stock is on the verge of another breakout and the previous larger breakout too is intact. Thus, we advise traders to buy the stock only above Rs 765 for a target of Rs 830 in the coming sessions.


(Mehul Kothari – AVP – Technical Research, Anand Rathi Shares & Stock Brokers. Views are personal).

Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!





Source link

Leave a comment

Your email address will not be published. Required fields are marked *


Intraday Tips
Stock Name Open Price Trend Details
Reliance 1930.10 Buy  Click Here
Asian Paints 2577.00 Buy  Click Here
HDFC 2448.00 Buy  Click Here
HDFCAMC 2790.00 Buy  Click Here
TCS 3120.00 Buy  Click Here



NSE Top Gainers/Losers
COMPANY LTP %CHNG VOLUME
ITC 253.75 1.83 1,26,68,576
M&M 807.10 1.73 48,32,584
JSWSTEEL 728.65 1.55 42,75,780
TATACONSUM 776.30 1.36 21,46,724
HINDUNILVR 2,043.00 1.34 16,38,568
COMPANY LTP %CHNG VOLUME
HINDALCO 569.90 -4.98 1,67,38,310
DIVISLAB 4,431.15 -2.37 3,48,495
APOLLOHOSP 4,525.45 -1.94 8,77,622
RELIANCE 2,634.00 -1.46 33,99,115
CIPLA 1,014.65 -1.39 12,17,592