Stock recommendations (equity)

Yagnesh07

Well-Known Member
49) Buy Aditya Birla Nuvo Ltd. (BSE: 500303)
Buy at around 809-810 levels
Tgt: 822-850
SL: 795 on closing basis

Stock has just managed to close above its 55 days EMA (804.42) hence in uptrend for short term.
Stock is in oversold zone & Strong bounce back from lower levels.
This is a positional call
 
hi yagnesh, you seem to be knowing what u r doing? could u kindly advise me about the possibility of bounce back of united spirits. i have futures brought at 745. now down to 720.
 

Yagnesh07

Well-Known Member
hi yagnesh, you seem to be knowing what u r doing? could u kindly advise me about the possibility of bounce back of united spirits. i have futures brought at 745. now down to 720.
@ Anil:
United Spirits run up quite in whole july future and seems to be in correction phase to me.
As per MACD analysis there is a negative divergence which shows bearish modw of the stock and stock is in over bought zone.
Hence there is a good support at 693 as defined by bollinger band.
some correction is expected from here also.
 

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