As part of its top weekly tech picks, domestic brokerage and research firm Axis Securities recommends four stocks to buy, including TVS Motor, ace investors. Rakesh JhunjhunwalaPortfolio Stocks of Delta Corp, KPR Mills Ltd and Sun TV Network Ltd.
Top stocks of Axis Securities for the week –
TVS Motor: According to the brokerage, the stock is forming a series of higher tops and higher bottoms across all the time frames. “Daily and Weekly Strength Indicator RSI is in bullish mode which supports increasing strength as well as momentum.” Axis suggests buying in the 690-678 range with a stop loss of 653.
Delta Corp: “On the daily chart, the stock has placed above its 20, 50 and 100 day SMAs and remains above the same which confirms the bullish sentiments. The daily strength indicator RSI is placed above 50 points which is rising. Supports strength. The brokerage has recommended a buy range of 280-276 with a stop loss of 256.
Rakesh Jhunjhunwala holds 4.31% stake in the company while his wife Rekha holds 3.19% stake in Delta Corp as of September 2021.
KPR Mill: “This buying momentum is seen from the 20-day SMA (462), which confirms the bullish sentiment. Daily and weekly strength indicator RSI is in bullish mode with positive crossover which supports rising strength,” the note said with a buy range of 511-501 and stop loss of 465.
Sun TV Network: According to Axis Securities, the stock has seen a “multiple resistance” breakout at 588 levels on a close basis on the weekly chart. Its analysis indicates a level of 660-685. The stock is well placed above its 20, 50 and 100 days. SMA which confirms the uptrend said it. The brokerage has recommended a buy range of 600-588 and a stop loss of 560.
The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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