Stock Recommendations

Here are a few stock recommendations.

BPCL - BUY

SL-Rs 853

TGT-Rs 910

The stock has crossed its immediate hurdle of Rs 880-885 zones after the consolidation of the last five trading sessions and is now well placed to head towards its recent highs. It had corrected by 18% from Rs 979 to Rs 802 levels and after that was stuck in a consolidation phase in the previous week. We are recommending buying the stock with a stop loss of Rs 853 for an upside target of Rs 910.

LUPIN - BUY

SL-Rs 1,868

TGT-Rs 1,990

The stock has been making higher top – higher bottom formation and holding the gains firmly even after volatility in the broader markets. It is holding above 13 EMA and moving higher with rising trading volumes. It had corrected from Rs 1,970 to Rs 1,590 levels in the month of July and is moving after forming a base at its multiple support levels around Rs 1590-1595 levels. It gave the highest daily close of the last thirty trading sessions; thus recommending buying the stock with a stop loss of Rs 1,868 for an upside target of Rs 1,990.

HINDUSTAN UNILEVER - BUY

SL-Rs 838

TGT-Rs 890

The stock is moving in the consolidation and holding the support base strongly, which is shifting to higher levels even after a decline in the broader market. It is trading in a range from last couple of series and with buying near the lower band of the trading range, it is showing a potential to move towards Rs 890 and higher levels of the trading range. Thus, traders can buy the stock with a stop loss of Rs 838 for a immediate target of Rs 890.

OIL & NATURAL GAS CORPORATION: BUY 

SL Rs 233 

Support at 236 below 233. Resistance is at 242 above 246 and more. (Buy for intraday with a stop loss below 233) 

DIVI’S LABORATORIES: BUY

SL: Rs 2315 

Support at 2349 below 2315. Resistance is at 2381 above 2400 and more. (Buy for intraday with a stop loss below 2315) 

NIIT TECHNOLOGIES: BUY

SL: Rs 457 

Support at 462 below 457. Resistance is at 470.50 above 478. (Buy for intraday with a stop loss below 457) 

SUN TV NETWORK: BUY

SL: Rs 333 

Support at 339 below 333. Resistance is at 347 above 351. (Buy for intraday with a stop loss below 333)