Anand Rathi Brokerage recommends buying these stocks
Following are the stocks to be bought which are recommended by Anand Rathi Brokerage:
1. MARUTI: BUY
Target: Rs 4,610
Stop Loss: Rs 4,345
Maruti has regained its strong stance in the market by sneaking innovation up its sleeve. It has increased its market capital and has also ventured into upper mid segment with its SUV S-Cross. Tide is on their side. Maruti has been respecting to its 50 DMA. AnandRathi Brokerage recommends buying Maruti stocks with the Stoploss at Rs 4345 and Target of Rs 4610.
2. DISHMAN PHARMA: BUY
Target: Rs 420
Stop Loss: Rs 375
It has given a breakout from the consolidation of last four weeks and registered seven years high levels with rise in trading volume activities. It may continue its momentum towards new territory as overall the counter is showing strength. Thus, it is recommended to buy the stock with the stop loss Rs 375 for the upside immediate target of Rs 420 levels.
3. ZEEL : BUY
Target: Rs 424
Stop Loss: Rs 397
It dodged the negativity of last seven trading session and has ended on a positive note. Taking support at its rising trend line, it has given an early sign of reversal in short term negative trend. Overall trend of the stock is largely positive and it is well placed to witness a bounce back towards 424 and higher levels. Thus AnandRathi Brokerage is recommending buying the stock with the stop loss of Rs 397 for the upside immediate target of Rs 424 levels.
4. VEDANTA: BUY
Target: Rs 92.50
Stop Loss: Rs 103
It broke the immediate support of 100 zones and started to decline with liquidation of long position. The stock has dull price behavior and witnesses selling pressure at every small bounce back. It has been making lower highs – lower lows formation from last three weeks. So, one can sell the stock with the stop loss of Rs 103 for the downside target of Rs 92.50 levels.
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