Stocks to buy: Angel One, HDFC Life and Network18 on investors' radar
Stocks that were in focus include names like Angel One, which fell 3.1% and HDFC Life, which rose 0.2% and Network18, whose shares gained 3% on Tuesday.
Here's what Kushal Gandhi, Technical Analyst at StoxBox, recommends investors should do with these stocks when the market resumes trading today.
Angel One
Recently, the price action of Angel One has been influenced by profit booking, resulting in a correction of nearly 35%. However, it has been observed that the stock is finding support at its fair value gap area around the 2340 level. The candlestick pattern formed during the previous trading session is a doji, which signals indecision amid the ongoing selling pressure—an encouraging sign.
With the earnings per share (EPS) strength remaining notably robust and technical indicators indicating oversold conditions, in anticipation of a notable pullback we recommend purchasing Angel One with a target price of 2675, while maintaining a stop loss near 2254.
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