NSE Scrip – Marico
View – Bullish
Last Close – Rs 709
Going ahead, the breakout on the daily chart is likely to trigger bullish traction in the comparable period. From a technical perspective, the indicators have rebounded to witness a positive crossover, signalling a bullish trend in the stock.
Hence, we recommend to ‘Buy’ Marico around Rs 700 | Stop Loss: Rs 660 | Target: Rs 780
NSE Scrip – JSW Energy
View – Bullish
Last Close – Rs 782.35
JSW Energy is in a stellar up move, hovering in a cycle of higher highs – higher lows on all the time frame charts. In the recent session, the counter has showcased a decisive spurt in price and volumes, suggesting the continuation of the uptrend. Also, on the oscillator front, MACD signals a strong momentum, suggesting a potential upside journey into uncharted territory for the counter.
Hence, we recommend to ‘Buy’ JSW Energy around Rs 780-770 | Stop Loss: Rs 730 | Target: Rs 860
(Disclaimer: Osho Krishan is a senior analyst of technical & derivatives at Angel One Ltd. Views expressed are his own.)
First Published: Sep 23 2024 | 7:16 AM IST
