financetom
Market
financetom
/
Market
/
Tech analysts see upside in these stocks
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Tech analysts see upside in these stocks
May 31, 2023 12:24 AM

Technical analysts Mitessh Thakkar of earningwaves.com and Sudarshan Sukhani share their top stock picks for the day.

Share Market Live

NSE

From Mitessh Thakkar

Mitessh Thakkar's first buy call of the day is on HAL. He recommends this with a stop loss below Rs 3,060 for an upside target of Rs 3,190. Shares have gained more than 6 percent in the last month.

He recommends a buy call on Aurobindo Pharma with a stop loss of Rs 640 for an upside target Rs 675. The stock is up more than 6 percent over the last month.

Among the sell recommendations, Thakkar has one on Oil and Natural Gas Corporation (ONGC) with a stop loss of Rs 162 for a downside target of Rs 153. Shares have declined more than 4 percent over the last month.

Chambal Fertilisers is another sell call from Mitessh Thakkar. His recommendation comes with target of Rs 270 and a stop loss of Rs 285. The stock has declined more than 3 percent in the last month.

Thakkar also recommends a sell call on Vedanta with a stop loss of Rs 285 and a target of Rs 265. The stock has remained flat over the past month.

He further suggests buying Tata Motors with a stop loss of Rs 522 and a target of Rs 550. Shares have gained more than 9 percent in the last month.

From Sudarshan Sukhani

Sukhani finds a buying opportunity in Pidilite Industries. He advises traders to keep a stop loss of Rs 2,572. Shares have gained more than 7 percent over the last month.

Sukhani's only intraday short is on Britannia. For this he advises a stop loss of Rs 4,625. Shares are up more than 1 percent over the last month.

GAIL is another intraday short from Sudarshan Sukhani. Stop loss is to be placed at Rs 107. The stock has declined more than 2 percent in the last month.

Lastly, Sukhani recommends a buy on SBI Card. He advises a stop loss of Rs 905. Shares are up more than 16 percent over the last month.

Catch all the latest updates from the stock market here

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sector Update: Financial
Sector Update: Financial
Sep 6, 2024
01:25 PM EDT, 09/06/2024 (MT Newswires) -- Financial stocks were lower in Friday afternoon trading, with the NYSE Financial Index down 1.5% and the Financial Select Sector SPDR Fund (XLF) falling 1.3%. The Philadelphia Housing Index was rising 0.9%, while the Real Estate Select Sector SPDR Fund (XLRE) was down 0.6%. Bitcoin (BTC-USD) was dropping 3.5% to $54,205, and the...
Update: WTI Crude Oil Falls to an 18-Month Low With Demand Concerns in Focus
Update: WTI Crude Oil Falls to an 18-Month Low With Demand Concerns in Focus
Sep 6, 2024
02:44 PM EDT, 09/06/2024 (MT Newswires) -- West Texas Intermediate (WTI) crude oil fell to the lowest in 18 months on Friday, falling for fifth-straight session as demand concerns remain at the fore after the U.S. added fewer new jobs than expected last month. WTI Crude oil for October delivery closed down US$1.48 to settle at US$67.67 per barrel, the...
Weak Jobs Report Drags Equities Down Intraday
Weak Jobs Report Drags Equities Down Intraday
Sep 6, 2024
02:10 PM EDT, 09/06/2024 (MT Newswires) -- US benchmark equity indexes were lower intraday after official data showed the economy added fewer jobs than estimated in August. The Nasdaq Composite was down 2.1% at 16,767.4 after midday Friday, while the S&P 500 fell 1.4% to 5,425.9. The Dow Jones Industrial Average lost 0.7% to 40,456.8. All sectors were in the...
US Equity Indexes Sink With Treasury Yields as Nonfarm Payrolls Rise Less Than Expected
US Equity Indexes Sink With Treasury Yields as Nonfarm Payrolls Rise Less Than Expected
Sep 6, 2024
12:32 PM EDT, 09/06/2024 (MT Newswires) -- US equity indexes fell with government bond yields after midday on Friday as August nonfarm payrolls grew less than forecast and prints for the previous two months were revised downwards. The S&P 500 index dropped 1.8% to 5,406.9, with the Dow Jones Industrial Average down 1.1% to 40,320.2 and the Nasdaq Composite 2.6%...
Copyright 2023-2026 - www.financetom.com All Rights Reserved