Sobha has seen a decisive breakout of falling resistance trendline adjoining highs of July 26 and September 5, with strong bullish candlestick pattern on the daily charts. The stock rallied nearly 11 percent to Rs 682 and formed significantly higher volumes.
The undertone seems upbeat with ‘buy on dip’ being the most suitable approach.
YES Securities is bullish on ICRA Limited has recommended buy rating on the stock with a target price of Rs 6700 in its research report dated September 03 2023.
Emkay Global Financial is bullish on CESC has recommended buy rating on the stock with a target price of Rs 105 in its research report dated September 07, 2023.
ICICI Securities is bullish on Larsen and Toubro recommended buy rating on the stock with a target price of Rs 3141 in its research report dated September 08, 2023.
Motilal Oswal is bullish on Titan Company recommended buy rating on the stock with a target price of Rs 3570 in its research report dated September 07, 2023.
Prabhudas Lilladher recommended accumulate rating on Exide Industries with a target price of Rs 295 in its research report dated September 07, 2023.
Sharekhan is bullish on Triveni Turbine has recommended buy rating on the stock with a target price of Rs 455 in its research report dated September 06, 2023.
Sharekhan is bullish on Schaeffler India has recommended buy rating on the stock with a target price of Rs 3928 in its research report dated September 06, 2023.
Sharekhan is bullish on Power Grid Corporation of India has recommended buy rating on the stock with a target price of Rs 290 in its research report dated September 07, 2023.
Asahi India rebounded sharply and recouped all previous four-day losses in one session, rising 8 percent to Rs 595. The stock has formed strong bullish candlestick pattern on the daily charts, with robust volumes and trading above all key moving averages.
It seems that the Nifty Index is currently in a positive trend and has the potential to move towards the 19,991 levels in the short to medium term.
HDFC Securities is bullish on Sobha has recommended buy rating on the stock with a target price of Rs 1024 in its research report dated September 07, 2023.
Motilal Oswal is bullish on Bajaj Finance recommended buy rating on the stock with a target price of Rs 8800 in its research report dated September 06, 2023.
Prabhudas Lilladher is bullish on Lemon Tree Hotels has recommended buy rating on the stock with a target price of Rs 140 in its research report dated September 07, 2023.
jefferies is bullish on KFin Tech has recommended buy rating on the stock with a target price of Rs 500 in its research report dated August 24 2023.
IIFL Securities is bullish on KFin Technologies has recommended buy rating on the stock with a target price of Rs 525 in its research report dated September 01 2023.
LIC saw a decisive breakout of long falling resistance trendline adjoining highs of December 20 last year, and August 11 this year. The stock has formed a bullish candlestick pattern with long upper shadow on the daily charts with strong volumes.
Selling on rallies seems to be the favoured strategy for traders in the Bank Nifty, unless the index provides a clear and decisive breakout above the 45,000 levels.
ICICI Securities is bullish on Five Star Business Finance recommended buy rating on the stock with a target price of Rs 860 in its research report dated September 06, 2023.
Sharekhan is bullish on Devyani International has recommended buy rating on the stock with a target price of Rs 252 in its research report dated September 05, 2023.
Sharekhan is bullish on Mahindra and Mahindra Financial Services has recommended buy rating on the stock with a target price of Rs 345 in its research report dated September 05, 2023.
Motilal Oswal is bullish on Voltas recommended buy rating on the stock with a target price of Rs 1000 in its research report dated September 05, 2023.
Motilal Oswal is bullish on Raymond recommended buy rating on the stock with a target price of Rs 2600 in its research report dated September 04, 2023.
East India Securities is bullish on Ethos has recommended buy rating on the stock with a target price of Rs 1973 in its research report dated September 06, 2023.