Stocks to buy today: SAIL, Aurobindo Pharma and Piramal Enterprises on investors' radar
Stocks that were in focus include names like SAIL, which rose 4% and Aurobindo Pharma, which gained 1% and HPCL, whose shares declined nearly 1% on Monday.
Here's what Ameya Ranadive, CMT, CFTe, Sr Technical Analyst at StoxBox, recommends investors should do with these stocks when the market resumes trading today.
SAIL
Steel Authority of India Ltd (SAIL), currently trading at Rs 121, offers an attractive risk-reward setup after a significant correction from its recent highs. The stock is consolidating near crucial support levels, with the downside risk mitigated as long as it holds above Rs 110. Technical indicators like RSI, currently at 51, show a bullish divergence, suggesting the potential for a rebound. Additionally, the ADX indicates weakening selling momentum, which supports a positive outlook.
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