Brokerage company Axis Securities has actually recommended 3 supplies to make up to 18 percent returns in the close to term. The residential broker has actually selected Krishna Institute of Medical Sciences Ltd (KIMS), CESC Ltd and Bharat Petroleum Corporation Ltd (BPCL) as its favored once a week choices for following 3-4 weeks, simply on technological basis. Here’s what the broker agent needs to state concerning these counters:
Krishna Institute of Medical Sciences|Buy|Target Price: Rs 2,587-2,700|Stop Loss: Rs 2,300
KIMS has actually burst out over the ’rounded lower’ pattern at Rs 2,356 on the once a week graph, showing an extension of its medium-term uptrend. The supply is developing greater highs and greater short on the once a week graph and holding over the upward-sloping trendline, showing a favorable prejudice. It is placed over crucial brief and medium-term relocating standards of 20, 50, 100, and 200 days, showing a favorable prejudice. The Weekly RSI toughness indication is holding over its referral line showing favorable prejudice. The over evaluation shows an advantage of Rs 2,587-2,700 degrees
CESC|Buy|Target Price: Rs 209-216|Stop Loss: Rs 170
CESC is trending within a medium-term increasing network, just recently discovering assistance at the reduced band and currently progressing in the direction of the top band, showing an ongoing uptrend. The supply has actually verified an outbreak over the tiny coming down triangular pattern at Rs 180 degrees within an increasing network on the once a week graph, showing the extension of the medium-term uptrend. The supply took assistance at the 38 percent Fibonacci retracement degree of a rally from Rs 122-193 placed at Rs 166 verifying a medium-term assistance base. The Weekly RSI toughness indication’s crossover over its referral line has actually produced a buy signal. The over evaluation shows an advantage of Rs 209-216 degrees.
Bharat Petroleum Corporation|Buy|Target Price: Rs 373-385|Stop Loss: Rs 330
BPCL has actually shown an outbreak over the combination area pattern in between Rs 330-273 in very early August 2024 at Rs 330 on the once a week graph, indicating the start of an uptrend. The supply experienced a ‘throwback’ around the outbreak location and got better greatly, showing an extension of the post-breakout uptrend. It shut over the once a week top Bollinger Band, therefore creating a buy signal. The once a week RSI toughness indication is holding over its referral line showing favorable prejudice. The over evaluation shows an advantage of Rs 373-385 degrees.
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