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Tech analysts see upside in these stocks
May 4, 2023 12:16 AM

Technical analysts Mitessh Thakkar of earningwaves.com and Sudarshan Sukhani, along with Chandan Taparia, Derivative and Technical Analyst at Motilal Oswal Financial Services share their top stock picks for the day.

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From Mitessh Thakkar

Mitessh Thakkar's first buy call of the day is on Hindustan Copper. He recommends this with a stop loss below Rs 102 for an upside target of Rs 111. Shares have gained more than 7 percent in the last month.

He recommends a buy call on Pidilite Industries with a stop loss of Rs 2,440 for an upside target Rs 2,515. The stock is up more than 6 percent over the last month.

Among the sell recommendations, Thakkar has one on Bharat Forge with a stop loss of Rs 791.50 for a downside target of Rs 767. Shares have gained more than 3 percent over the last month.

Sun Pharmaceuticals is another sell call from Mitessh Thakkar. His recommendation comes with target of Rs 944 and a stop loss of Rs 973. The stock has declined more than 2 percent in the last month.

From Sudarshan Sukhani

Sukhani finds a buying opportunity in Pfizer. There was a big bear market in Pfizer. After a decent rally, it is consolidating and this consolidation may break on the upside. He advises traders to keep a stop loss of Rs 3,600. Shares have gained more than 5 percent over the last month.

Sukhani's only intraday short is on UBL. For this he advises a stop loss of Rs 1,461. Shares are up more than 1 percent over the last month.

ICICI Prudential is another short call from Sudarshan Sukhani. Stop loss is to be placed at Rs 440. The stock has declined more than 1 percent in the last month.

Lastly, Sukhani recommends a buy on Dixon Technologies. He advises a stop loss of Rs 2,800. The stock has remained flat over the last month.

From Chandan Taparia

Chandan Taparia has a buy call on BEL with a stop loss of Rs 103 and a price target of Rs 112 on the upside. The stock was up more than 8 percent in the past month.

Additionally, he also has a buy recommendation on Indian Hotels with a stop loss of Rs 347 and for an upside target of Rs 375. Shares are up more than 10 percent over the last month.

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