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EquityPandit

EquityPandit
Stocks To Buy

Stocks to Buy for Tuesday, January 17,2023

In the previous session, market had a corrective move with a negative bias throughout the day. Nifty index opened on a positive note but soon slipped into negative territory. No major recovery was seen from lows throughout the session. On the technical note, Nifty managed to close above 17840 level, which is exact support of Fibonacci retracement level. Now a break below this level will indicate more weakness in the market.

Look at the below research report of ‘Stocks to Buy for Tuesday, January 17,2023’ before the market opens.

Tech Mahindra Ltd

The stock after the decent correction witnessed has bottomed out near 985 zone to form a double bottom formation pattern on the hourly chart. Strong bullish candle has shown signs of improving the bias to anticipate for further rise with a trend reversal. The overall structure is very bullish; higher highs and higher lows formation confirms this price pattern.

With the risk reward being favorable and chart looking attractive, we suggest to buy and accumulate the stock for an upside target of 1057. Valid until close below 1002 levels.

Check More Analysis on TECHM at: Tech Mahindra Ltd

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Stocks To Buy

Stocks to Buy for Friday, April 29,2023

Anuja Mishra

In the previous session, the Nifty index saw a gap up opening. The index got stronger as the day progressed and closed with a net gain of 101 points. The Nifty formed a strong bullish candle on the daily chart. Hence, we recommend approaching the markets in a positive way. Use a trailing Stop loss method to protect your profit at higher levels.

Look at the below research report of ‘Stocks to Buy for Friday, April 29,2023’ before the market opens.

IDFC First Bank Ltd

On the technical front, the stock has delivered a falling trendline breakout in today’s session as it surged around 1%. A bullish candle appeared on the chart. The momentum indicator Relative Strength Index RSI (14) has also sustained above 70, indicating bullish strength.

In short, IDFC FIRST looks to be at a breakout level with bullish up move expectations. Positions can be created around 59.45 levels. Add more on dip around 56 which can take prices towards 62/64 level. On the other side, 21 EMA support will act as key support for the stock.

Check More Analysis on at IDFCFIRSTB: IDFC First Bank Ltd

Stocks To Buy

Stocks to Buy for Thursday, April 27,2023

Anuja Mishra

In the previous session, the Nifty index saw a flat opening. The index got stronger as the day progressed and closed with a net gain of 44.35 points. The Nifty formed a bullish candle on the daily chart. Hence, we recommend approaching the markets in a positive way. Use a trailing Stop loss method to protect your profit at higher levels.

Look at the below research report of ‘Stocks to Buy for Thursday, April 27,2023‘ before the market opens.

Tata Motors Ltd

In the daily time frame, stock has given a breakout above ‘Bullish Pennant Pattern’. It’s a continuation chart pattern which occurred in a strong uptrend. After that stock witnessed consolidation phase between 465-475 levels and formed a Symmetrical triangle like formation called pennant.

In short, trend for TATAMOTORS looks to be positive for now. As prices have decisively broken above 477 level, we can expect it to reach a target of 499 based on our analysis. This outlook is valid as long as 9 EMA support remains protected on downside

Check More Analysis on at TATAMOTORS: Tata Motors Ltd

Stocks To Buy

Stocks to Buy for Wednesday, April 26,2023

Anuja Mishra

In the previous session, the Nifty index saw a gap up opening. The index got stronger as the day progressed and closed with a net gain of 25.85 points. The Nifty formed a small Doji candle on the daily chart. We recommend approaching the markets in a positive way. Use a trailing Stop loss method to protect your profit at higher levels.

Look at the below research report of ‘Stocks to Buy for Wednesday, April 26,2023‘ before the market opens.

Syngene International Ltd

In the daily time frame, stock has given a breakout above ‘Bullish Pennant Pattern’. It’s a continuation chart pattern which occurred in a strong uptrend. The pattern consists of two major formations called the pole and followed by the Triangle pattern. Addition, stock is above the 9 EMA on the chart which indicates short term bullishness . Relative Strength Index (RSI) on the daily chart is 69.

In short, SYNGENE looks to be positive for the short-term view. One can initiate a buy near current price for an upside target of 648.This outlook remains valid as long as 608 is protected on downside.

Check More Analysis on SYNGENE at: Syngene International Ltd

Stocks To Buy

Stocks to Buy for Tuesday, April 25,2023

Anuja Mishra

In the previous session, the Nifty index bounced back after 5 days of fall. The Nifty index opened on a positive note but soon slipped into negative territory. A strong recovery was seen in the second half of the market. On the technical note, the index formed a bullish Doji candle on the chart and closed with a net gain of 119 points. Traders should be focused on Sector and stock specific strategy for the next trading day.

Look at the below research report of ‘Stocks to Buy for Tuesday, April 25,2023′ before the market opens.

Titan Company Ltd

The pattern analysis shows that the TITAN has once again attempted to resume its up move and closed above the 20 EMA support with positive momentum. Currently stock is trading in the form of Impulse wave pattern. As per theory, there is a clear impulse rise as shown on the daily chart and the stock is currently moving in the form of wave 3. Also, we can see that the price has formed a ‘Bullish Pennant Pattern’. It is a continuation chart pattern, in which we can see that upward price action.

In short, TITAN looks to be positive for the short-term view. One can initiate a buy near current price for an upside target of 2685.This outlook remains valid as long as 2545 is protected on downside.

Check More Analysis on TITAN at: Titan Company Ltd

Stocks To Buy

Stocks to Buy for Monday, April 24,2023

Anuja Mishra

In the previous session, market had a consolidation move with a negative bias throughout the day. The Nifty index opened on a positive note but soon slipped into negative territory. Later we saw some recovery from lower levels. Technically, the Nifty Index formed a Doji candle on the chart , which indicates indecision in the market. Hence a stock specific approach is advisable for the next trading day.

 Look at the below research report of ‘Stocks to Buy for Monday, April 24,2023‘ before the market opens.

Bandhan Bank Ltd

In the daily time frame, stock is moving in the form of a ‘Inverted Head & shoulder’ pattern. The right shoulder completed near the 212 level. Recently, stock has given a breakout from the neckline of the pattern and moving in the form of Higher highs and lows formation. Stock also formed a strong bullish candle in the previous session. The 9 days Moving average is acting very well on the stock. In addition, the Relative Strength Index (RSI) on the daily chart is 59 indicating strength in the stock.

In a Nutshell, the trend for BANDHANBANK looks to be positive now. Use dips around 210-212 as a buying opportunity for a move towards 226/240 levels as long as we do not see any closing below 9 EMA support.

Check More Analysis on BAANDHANBANK at: Bandhan Bank Ltd

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