homephotos Newsmarket Newsstocks NewsTechnical stock picks: Hero MotoCorp, Rajesh Exports, Birlasoft and other shares analysts recommend now

Technical stock picks: Hero MotoCorp, Rajesh Exports, Birlasoft and other shares analysts recommend now

SUMMARY

Dalal Street bulls continue to remain under pressure with headline indices moving further away from their recent peaks. As the Nifty recedes more than 1,000 points - or nearly six percent - from its all-time high, hit on October 19, is there more pain for market participants going forward? Here’s a list of stocks analysts have handpicked to make the most of the current speedbump in the market. Maruti Suzuki, Birlasoft, TD Power Systems and Rajesh Exports are on their playbook now.

By Sandeep Singh  Nov 24, 2021 11:52:45 AM IST (Updated)


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Maruti Suzuki India: The stock has made trend line breakouts with supportive volumes. Technical indicators MACD and the demand and the average directional indices look positive. Buying is recommended around Rs 7,485 for targets of Rs 10,000, Rs 12,000 and Rs 14,000 with a stop loss at Rs 6,740. (Analyst: Bharat Gala, Ventura Securities)

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Solar Industries: The price appears to be in strong bullish momentum for the past 10 days and has given a fresh close above the major supply area of Rs 2,740-2,790. If it takes out the Rs 2,880 level on the intraday chart with enough volumes, a strong upmove can be expected in the coming days. One can buy Solar Industries shares at Rs 2,880 for a target price of Rs 2,970 with a stop loss at Rs 2,800. (Analyst: Vijay Dhanotiya, CapitalVia Global Research)

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