Eight stocks to buy and sell today — 13 January
Subscribe to enjoy similar stories. 1. Tata Consultancy Services: Buy at ₹4,265; Target: ₹4,350-4,370; Stop loss: 4,202.
After a strong performance, the stock rallied by nearly 5.6% and successfully closed above the critical level of ₹4,205. A further move of 150-200 points is anticipated from the current levels. 2. Marico: Buy at ₹673.90; Target: ₹695-705; Stop loss: ₹660.
FMCG has outperformed the markets and hourly chart, we can see a bullish divergence on this stock, expecting this rally to continue for a few days. 3. SRF: Buy at ₹2,602; Target: ₹2,800; Stop loss: ₹2,480.
US gas distributors announced a price hike for refrigerant gases. iGas USA said the supply of R32 and R125 has been impacted, and prices will be increased by up to 200%. The stock rallied 10% and is expected to make a new lifetime high in the coming days.
1. Gufic BioSciences: Buy above ₹470, stop ₹452, target ₹498 After a sharp decline, the revival from the cloud support region highlights demand once again post a profit booking. As trends are showing signs of an upward bound from supports, the potential for moving higher emerges, so look to buy into this market.
One can look to participate as trends have turned positive once again. Consider a buy. 2. HCL Tech: Buy above ₹1,995, stop ₹1,970, target ₹2,035 This IT counter, after a long period of consolidation, showed some promise as the trends began to gather steam and tread higher, indicating a steady resolve as it held higher levels.
On Friday the strong surge is indicating that the trends may persist. Also, with the RSI showing a new resolve one can look to buy now. 3. Kalyan Jewellers India: Sell ₹625, stop ₹635 target ₹610 After the news was flashed about the revision in the gold import
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