Tata Consumer, Advanced Enzymes among Prabhudas Lilladher’s 3 tech picks

Domestic brokerage and research firm Prabhudas Lilladher has shared three top stock picks that investors may want to buy based on technical research, which are Tata Consumer, Bajaj Auto and Advanced Enzyme Technologies Ltd.

of Prabhudas Lilladher top stock picks ,

Tata Consumers: “The stock has been in a trending mode and has now formed a higher bottom formation pattern in the daily chart and is headed for further upward move. The indicators have been favorable and look attractive for an upward move in the coming days. With a good amount of participation supporting our positive bias, we recommend buying this stock for a target price above Place a stop loss of 880 770,” the note said.

Group Part of the Tata Group, Tata Consumer Products is an Indian fast-moving consumer goods company (FMCG) and headquartered in Mumbai.

Bajaj Auto: After a short correction, the stock traded below the trend line support of the crucial 200 DMA and ascending channel pattern on the daily chart and indicated a good pullback with better bias. The brokerage suggests buying Bajaj Auto shares and holding it, saying that the Relative Strength Index (RSI) is also trending well and has indicated a trend reversal from the oversold zone, with further momentum to pick up. has immense potential. Stocks to target above Keeping a stop loss of 4,130 3,640.

Bajaj Auto Limited is an Indian multinational automotive manufacturing company based in Pune. It manufactures motorcycles, scooters and auto rickshaws.

Advanced Enzymes: “The stock has corrected to consolidate from the 503 level to around 250 level and with the formation of a positive candlestick pattern, the stock is poised for a possible upward move. , RSI indicator is positive, we recommend buying this stock for an upside target Keeping a stop loss of 380 280,” recommended Prabhudas Lilladher.

Advanced Enzymes is engaged in R&D, manufacturing of enzymes and probiotics with state-of-the-art manufacturing facilities and R&D centers in India, USA and Europe.

The views and recommendations given above are those of individual analysts or broking companies and not of Mint.

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