Eight stocks to buy and sell today—10 February
Subscribe to enjoy similar stories. • Southern Petrochemical Industries: Buy current market price and at dips to ₹80.5, stop ₹79.80, target ₹90 This chemical stock, after undergoing a lot of pain, has shown a strong breakout as buying momentum got built. After biding some time and absorbing the volatility, we can look at the prices looking to extend next week.
The steady upward bounce has pushed the RSI above 60, highlighting the bullish possibility. • Strides Pharma: Buy above ₹750, stop ₹733 target ₹825 This counter is showing some steady upward bias after crossing the ‘kumo’ region around 725 levels in the last week, highlighting some steady resolve on the way up. A long body candle formed in the last trading sessions highlights continued positive sentiment.
With momentum crossing important threshold one could consider going long. Read this | SBI struggles with margin squeeze, but there’s solace in asset quality • PVR Inox: Sell below ₹1080, stop ₹1105, target ₹1040 Media stocks are under pressure, and the fall seen in the last session indicates that the bearish pressure could extend. The gradual resumption of downward pressure suggests that there is more decline possible.
The attempt to move beneath the consolidation zone presents a strong case of bearishness. As Relative Strength Index (RSI) is seen breaching 40 levels again we can look to trade short in this counter. ● Southern Petrochemical Industries Corp: Current market price ₹ 82.03 | Buy range ₹ 79.50 - 83 | Profit goal ₹ 99 | Stop loss ₹ 73.80 | Timeframe 2-3 Months ● Bharti Airtel Ltd: Current market price ₹ 1,678 | Buy range ₹ 1,650- 1,685 | Profit goal ₹1,940 | Stop loss ₹ 1,550 | Timeframe 2-3 Months Chambal Fertilisers and Chemicals Ltd: Buy at ₹555.75 |
. Read more on livemint.com
