Asahi India Glass Ltd., Indo Count Industries Ltd., DCB Bank Ltd., Aditya Birla Fashion and Retail Ltd., and Radico Khaitan Ltd. are the top five weekly tech stocks by brokerage and research firm Axis Securities, which have suggested investors to buy with a . Holding period of 3 to 4 weeks.
Axis Securities Top Weekly stock picking ,
Asahi India Glass Limited: “On the daily and weekly time frame, the stock is in a strong uptrend to form a series of higher tops and bottoms. The daily and weekly strength indicator RSI is in bullish mode with a positive crossover which supports increasing strength in the near term. Above indicates upward analysis 695-725 level with stop loss 580 and the holding period is 3 to 4 weeks,” the note said.
Indo Count: Daily ‘Band Bollinger’ indicates increased momentum. On the daily and weekly time frames, the stock has entered an uptrend forming a series of ups and downs. Daily and Weekly Strength Indicator The RSI is in positive territory and remains above the 50 mark, indicating continued strength. According to the brokerage, the above analysis indicates an upside 175-187 level with stop loss 148 and the holding period is 3 to 4 weeks.
DCB Bank: “The stock is well placed above its 20, 50,100 and 200-days SMAs and remains above the same which confirms the bullish sentiments. The above analysis indicates upward with a stop loss of 108-117 levels 86.”
Aditya Birla Fashion: On the daily chart, the stock has confirmed a “Multiple Resistance Zone” breakout 295 levels. This breakout is accompanied by a large volume which indicates increased participation in the breakout zone. The above analysis indicates upward 335-348 level with stop loss 276 and the holding period is 3 to 4 weeks, recommended Axis Securities,
Radico Khaitan: “On the daily and weekly time frame, a trend reversal has been observed indicating a bullish trend in the stock. Daily and Weekly Strength Indicator RSI is in a bullish pattern which is supporting rising strength. The above analysis indicates an upward trend 1130-1175 Levels and Stop Loss 955 and the holding period is 3 to 4 weeks.”
The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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