In this article we will talk about those four stocks of the market. Which has been recommended as a purchase by market experts. Apart from purchasing, target price and stop loss of these stocks have also been mentioned. Let us know these stocks in detail.
HDFC Securities Technical and Derivatives Analyst Subhash Gangadharan has given buy recommendation on two stocks.
Expert Gangadharan has suggested buying on Bandhan Bank stock. The buying range for the stock is Rs 246 to Rs 250. The stock is expected to rise by 17%. The target price of the stock has been given at Rs 288. The stop loss for the stock is Rs 228. In fact, experts say that the technical side of the stock is showing a lot of positive signals at this time. As the stock seems to be trading above its 20-day SMA.
Expert Gangadharan has liked Mazagon Dock as the second stock. He believes that this stock can be bought between Rs 2250 to Rs 2300. The target price for the stock is Rs 2520. Stop loss of the stock is Rs 2060. If we look at the technicals of the stock, many bullish signs are visible here such as the stock is seen trading above its 50 day SMA. Due to higher average volume, the stock has come out of its trading range.
Anand James, Market Strategist, Geojit Financial Services, has suggested buying on two stocks in the market.
Anand James, Market Strategist, Geojit Financial Services, has given a buy suggestion on Triveni Turbine stock. The buying range of the stock is Rs 433 to Rs 425. There is an upside potential of 11% in the stock. The target price for the stock has been given from Rs 457 to Rs 474. According to Expert James, many such indicators are visible in stock technicals which are increasing the possibility of an upward trend. As the stock is seeing a flat pattern breakout on its weekly chart.
The second stock of Expert Gems is of Pricol. Experts’ buying range is Rs 332 to Rs 338. Experts have given a stop loss of Rs 350 to Rs 364 for the stock. According to experts, there was a rise in this stock during the last two months, however, currently there has been a correction here for some time due to which the bulls present in the market are attracting the investors.