Nooresh Mirani of AMSEC Research recommends buying HCL Technologies with a target of Rs 1550 and Ceat with a target of Rs 550.
One may buy Petronet LNG . The stock has given a flag breakout above Rs 165 as well as the channel breakout on the last three years and this gives us a longer term target price of Rs 200-250. In the short-term we can expect the target price of Rs 180 and a trading stoploss to be placed at Rs 160.
One may buy KNR Constructions . The stock has further momentum possibilities above Rs 205 levels, so one can buy at current levels with a stoploss at Rs 185 and a short-term target price of Rs 220 and a longer term target price of Rs 300.
One may buy Ceat . The stock has broken into a six month high as well as given a fresh breakout above multiple tops at Rs 480-500 and this gives us a quick target price of Rs 550 or almost Rs 600 in the short-term. One can buy the stock at current levels on dips with a stoploss of Rs 480 with a view of 1-2 weeks.
One may buy HCL Technologies . For the last 2-3 months the stock had multiple tops at around Rs 1450 levels. Today the stock gave a breakout above those levels and this is an indication of further momentum to come up into the stock in the next few days. One can buy the stock at current levels with a stoploss of Rs 1400 and a short-term target price of Rs 1550.
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