Buy Airtel at CMP.
The stock is oversold both on STC and MFI. ROC moving towards 0 from below and today the stock broke it's resistance of 533 with volume.
First and immediate target is 545-550 which may take some time to break, support at 533. Second target is 575. However this time I think that the stock will break it's long term resistance of 610-620 if it...
Escorts has bounced back from its critical support of 1080-1100. Its coming out of oversold zones with ROC getting positive. Buy it and as soon as it starts trading above 20 day moving average, have a trailing stop loss of the 20 SMA. Fundamentally a very strong stock and so it's good for both traders and investors.
MCX - Stock showings signs of reversal. 5 day crossing 20 day average from below. Today green Marubuzo candle with high volumes. Stochastics bullish and ROC crossing zero from below. Buy with a target of 1700. Fundamentally sound stock with less downside risk.
Bottom formation has happened. Higher high and higher low today with both days green candles with ROC nearing zero from below and stochastic coming out of oversold zones. The falling Wedge was broken today and the stock went up with rise in volumes.
General short term trend of Nifty also up with FMCG doing well.
Buy HUL with a 3-4 day target of 2285 and short...