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Technical stock picks | Federal Bank, HAL, Jindal Steel and Laurus Labs on the radar
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Technical stock picks | Federal Bank, HAL, Jindal Steel and Laurus Labs on the radar
May 25, 2023 12:26 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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NSE

From Mitessh Thakkar

Mitessh Thakkar's first sell call of the day is on Federal Bank. He recommends this with a stop loss below Rs 125.50 for an upside target of Rs 118.50. Shares have declined more than 7 percent in the last month.

He also recommends a sell call on Hindustan Aeronautics Ltd (HAL) with a stop loss of Rs 3,040 for an upside target Rs 2,920. The stock is up more than 6 percent over the last month.

Jindal Steel and Power is another sell call from Mitessh Thakkar. His recommendation comes with target of Rs 485 and a stop loss of Rs 520. The stock has declined more than 11 percent in the last month.

His solitary buy call is on Laurus Labs with a stop loss at Rs 325 for a target of Rs 352. Shares have gained more than 13 percent over the last month.

From Sudarshan Sukhani

Sukhani finds a buying opportunity in Cipla. He advises traders to keep a stop loss of Rs 911. Shares have gained more than 3 percent over the last month.

Sukhani's intraday short is on Hindustan Unilever Ltd (HUL). For this he advises a stop loss of Rs 2,400. Shares are up more than 4 percent over the last month.

Polycab India is another intraday short call from Sudarshan Sukhani. Stop loss is to be placed at Rs 3,415. The stock has gained more than 7 percent in the last month.

Lastly, Sukhani recommends a buy on NBCC. He advises a stop loss of Rs 40. Shares are up more than 12 percent over the last month.

From Chandan Taparia

Chandan Taparia has a buy call on ITC with a stop loss of Rs 424 and a price target of Rs 450 on the upside. The stock was up more than 6 percent in the past month.

Additionally, he also has a buy recommendation on Apollo Tyres with a stop loss of Rs 375 and for an upside target of Rs 400. Shares are up more than 15 percent over the last month.

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