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Technical stock picks | Havells, Maruti, M&M, NALCO on the radar
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Technical stock picks | Havells, Maruti, M&M, NALCO on the radar
May 8, 2023 12:08 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 Havells. He recommends this with a stop loss below Rs 1,270 for an upside target of Rs 1,320. Shares have gained more than 9 percent in the last month.

He recommends a buy call on Maruti Suzuki with a stop loss of Rs 8,860 for an upside target Rs 9,150. The stock is up more than 4 percent over the last month.

Among the sell recommendations, Thakkar has one on Mahindra and Mahindra (M&M) with a stop loss of Rs 1,227 for a downside target of Rs 1,185. Shares have gained more than 2 percent over the last month.

NALCO is another sell call from Mitessh Thakkar. His recommendation comes with target of Rs 76 and a stop loss of Rs 82. The stock has remained flat in the last month.

From Sudarshan Sukhani

Sukhani finds a buying opportunity in ICICI Prudential. He advises traders to keep a stop loss of Rs 425. Shares have remained flat over the last month.

Sukhani's only intraday short is on PVR. For this he advises a stop loss of Rs 1,465. Shares of PVR are down more than 6 percent over the last month.

Amara Raja Batteries is another buy call from Sudarshan Sukhani. Stop loss is to be placed at Rs 590. The stock has gained more than 6 percent in the last month.

Lastly, Sukhani also recommends a sell on RBL Bank. He advises a stop loss of Rs 156. Shares are up around 3 percent over the last month.

From Chandan Taparia

Chandan Taparia has a buy call on Maruti Suzuki with a stop loss of Rs 8,750 and a price target of Rs 9,300 on the upside.

Additionally, he also has a buy recommendation on Siemens with a stop loss of Rs 3,560 and for an upside target of Rs 3,800. Shares are up more than 7 percent over the last month.

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