Eight stocks to buy and sell today — 20 January
Subscribe to enjoy similar stories. Escorts: Buy at ₹3,600; target: ₹3,675-3,705; stop loss: ₹3,535. The stock has maintained strong momentum over the past five days and managed to close near the key level of ₹3,590.
If the stock sustains above 3620, a significant rally on the upside can be expected. ICICI Lombard General Insurance: Buy at ₹1,948; target ₹2,000-2,045;stop loss: ₹1,912 On the hourly chart, the stock has given a breakout from an inverse Head & Shoulders pattern. Bullish momentum is expected to continue if the price sustains above the 1955-1960 zone, potentially leading to a strong upward rally.
Also read: Top 5 defence stocks to watch out for pre-budget gains SBI Life: Buy at ₹1,540.50; target: ₹1,648; stop loss: ₹1,488. The stock has shown strong momentum on the hourly chart, with both RSI and CCI indicating positive trends. A significant upward rally is expected in the coming days.
• Aarti Industries: Buy above ₹ 445, stop ₹425, target ₹490 After declining for the last five months, the trends in this counter have shown signs of bottoming.
Post the recent consolidation, the signs of positive divergence seen on the charts indicate that the trends can continue. The robust long body candles are clearly indicating some short covering coupled with some genuine buying. As the momentum indicator RSI is seen inching higher, we can definitely consider some buying opportunities here.
• Shivalik Rasayan: Buy above ₹ 775, stop ₹750, target ₹845 This counter, after a sharp run, witnessed some profit booking and is now taking steady support at the TS & KS line, highlighting the possibility of a revival. A strong showing on Thursday highlights positive sentiment. With the bullish bias stepping up once again the RSI is
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