
Recommended stocks to watch: Top 8 stock picks by market experts for 3 March
Subscribe to enjoy similar stories. • Cartrade Tech: Buy at ₹1,530, stop ₹1,505, target ₹1,650-1,690 After undergoing some profit booking, prices have slipped into a strong set of supports that are indicating that the trends are looking to head higher once again. With the strong rise seen on Friday some demand is emerging at lower levels.
As the trends look encouraging one can consider going long. • ITD Cementation India: Buy above ₹540, stop ₹515, target ₹580-595 A long body formation seen on the charts has triggered an encouraging response. The moving average bands too are offering a steady demand that is triggering some opportunities for long.
As trends have once again flashed a positive sign, one can look to buy. • Shankara Building Products: Buy above ₹555, stop ₹535 target ₹595-615 A round pattern seen on the intraday charts beyond the gap region makes it a good candidate for some upside. The momentum has seen some pullback, so we can look to buy for some upside in the days ahead.
The positive overhang is forcing us to consider a buy approach for the days ahead. A move above 555 augurs well for the prices. Now, poised at heading higher beyond the cluster highs one can consider going long.
Also Read: Popular Bank Nifty index might need a recast if Sebi plan takes off - Shriram Finance: Buy at ₹617 | Target ₹645-660 | Stop loss ₹598 On the hourly chart, the stock has given a flag breakout. Additionally, if we draw an anchored volume weighted average price (AVWAP) from the recent top, the stock is trading above that level. Relative strength index (RSI) is also indicating bullish momentum.
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