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Looking for trading ideas? Titan, Delta Corp among 10 bets analysts suggest now

SUMMARY

It is still one step forward and two steps back for Dalal Street benchmark indices. Both Sensex and Nifty50 have retreated after coming within one percent of their all-time highs of October 2021, as investors globally remain on the back foot tracking news flow on the Russia-Ukraine war, wild swings in crude oil, the long-overdue rate hikes and rising COVID cases in China. Are there any trading opportunities at the current juncture? Analysts have handpicked 10 stocks -- from Titan to Delta Corp -- to make the most of the market now.

By Sandeep Singh  Mar 22, 2022 7:53:47 AM IST (Published)


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Buy Delta Corp shares: The stock has given a long consolidation breakout and is holding well above the Rs 300 level. It has been making a higher top and higher bottom pattern on the daily chart. Delta Corp's price setup suggests a rally towards Rs 350 with major support at Rs 295. Any dip could be bought for the next leg of rally. Volume is rising along with price action, adding to conviction. (Analyst: Shivangi Sarda, Motilal Oswal Financial Services)

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Buy Titan shares: The stock has broken out the range of Rs 2,200-2,700 with large volume. Technical indicators such as Know Sure Thing (KST), Aroon and Vortex are looking positive and pointing to a strong upmove. Investors may go long on Titan around Rs 2,462 for a target of Rs 3,700-4,300 with a stop loss at Rs 2,200. (Analyst: Bharat Gala, Ventura Securities)

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