Eight stocks to buy and sell today—4 February
Subscribe to enjoy similar stories. The stock has been experiencing a lot of volatility, and the recent profit booking dragged the prices into the ‘kumo’ support region and is now spurring a rebound. The robust long body candles are indicating some positive traction ahead.
With the RSI pulling back to the neutral zone and a revival thereafter, it suggests we can look at some long opportunities. Consider going long. Read this | The big post-budget interview: FM says she wanted to ‘honour the taxpayer’ This counter continues to rebound from support in the last two months and is now showing some steady rise at the Kumo cloud, highlighting the continued upward bounce.
A long-body candle close on Monday highlights positive sentiment. As the momentum is seen rising above important RSI zones consider going long. Read this | Dixon’s cautionary tale: The faster they grow, the harder they fall • India Glycols: Buy above ₹1,350, stop loss ₹1,320, target ₹1,490 We have been mentioning the revival in Chemical stocks, and the move seen in the last few days is clearly indicating some more fresh moves to the upside.
As RSI is seen gathering steam once can look to initiate longs. Volumes are also seen picking up highlighting possibility of the trends to continue. ● Fsn E-Commerce Ventures Ltd: Current market price ₹ 178.90 | Buy range ₹ 175–182 | Profit goal ₹ 226 | Stop loss ₹ 163 | Timeframe 2–3 Months Also read | Why Waaree Energies’ meteoric rise has hit a wall ● Metro Brands Ltd: Current market price ₹ 1,295.05 | Buy range ₹ 1,250–1,300 | Profit goal ₹ 1,580 | Stop loss ₹ 1,160 | Timeframe 2–3 Months On the hourly chart, the stock has broken out of a rectangle pattern, signaling a bullish move.
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