Recommended stocks to watch: Top 8 stock picks by market experts for 27 February
Subscribe to enjoy similar stories. • Fiem Industries: Buy above ₹1,420, stop ₹1,395, target ₹1,550-1,580 This counter from the auto industry has now given a strong breakout above moving average bands, indicating that the revival emerging despite the market weakness spells some buying emerging at lower levels. Tuesday’s trading action highlights that the rise in prices is supported by volume and could now result in some revival.
The RSI showing some firmness indicates that the trends are in a revival mode and could set some pace to the upside. Buy. • Nath Bio-Genes: Buy at ₹161, stop ₹156 target ₹171 This counter after the recent capitulation indicating some steady buying interest developing at lower levels as the supports offered by the lower bounds of RSI clearly spells out that the trends are showing some revival again.
With the possibility of some upward bounce emerging one can consider going long as there is room to the upside. • Star Cement: Buy above ₹215, stop ₹209, target ₹225-231 Star Cement, an Indian cement company, has seen some reasonable uptick after Ultratech has taken a controlling stake and has seen some steady upside. The last few days highlight that the prices have been holding their nerve as the trends are hinting at some bullish bias.
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