Stock recommendations (equity)

Yagnesh07

Well-Known Member
#47
@ vishjain:
1) Coal India: (CMP: 339.20)
Stock is in consolidation phase for medium term. It is facing resistance at 350 levels.
If it manage to close above this level will gives fresh breakout.
Hold this stock with the stop loss of 335 for the possible up move of 385-410 levels (Mid term call)

2) JSW Energy: (CMP: 56.25)
Stock recently touched the 1 month low at 55. It has facing resistance at 77 levels as defined by Bollinger bands. It has very good support at 50 levels.
If managed to close above 77 levels will heading up to 100-115 levels.
Stop loss should be 50.
 
#49
Indian markets showed strength after the announcement of the RBIs monetary policy. Reserve Bank of India ( RBI) has cut the repo rate by 50 bps as against the expectation of 25 bps, while the CRR remains unchanged at 4.75% effective April 17.
Among the Banking stocks, State Bank of India is the biggest gainer in banking shares, which gained 2.28%, Canara Bank is up 1.85%, OBC up by 1.43% and ICICI bank is up by 0.75%.
All the sectors are trading higher barring BSE CD down by 0.76%.
 

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