CapitalVia Advisors recommended technical analysis on HDFC Bank, LIC Housing Finance and Reliance Industries on Friday. The price targets and stop-loss for these stocks have been highlighted below too. Traders could use the trading strategies on these stocks as they have witnessed strong volumes in past few sessions and can remain in action on Friday as well
CapitalVia Advisors recommended technical analysis on HDFC Bank, LIC Housing Finance and Reliance Industries on Friday. The price targets and stop-loss for these stocks have been highlighted below too. Traders could use the trading strategies on these stocks as they have witnessed strong volumes in past few sessions and can remain in action on Friday as well.
HDFC Bank Trading Strategy:
HDFC Bank has reversed from the support of 200EMA. CapitalVia Advisors have observed momentum indicators like MACD and RSI, indicating that the momentum in the stock is likely to continue. CapitalVia Advisors recommends a buy on HDFC Bank above Rs 1480 with the Target of Rs 1620. Investors are advised to maintain a Stop Loss of Rs 1470.
LIC Housing Finance Trading Strategy:
LIC Housing Finance has reversed from the support of 200EMA. We have observed momentum indicators like MACD and RSI, indicating that the momentum in the stock is likely to continue. CapitalVia Advisors recommend a buy on LIC Housing Finance above with the Target of Rs 570. Investors are advised to maintain a Stop Loss of Rs 460.
Reliance Industries Trading Strategy:
CapitalVia Advisors said that Reliance Industries has recently reversed from a critical level, and they have observed the shift in the momentum in the stock since the reversal. It has crossed above 200DMA, indicating a positive momentum to continue in the stock. CapitalVia Advisors recommends buy with a target of Rs 2340, Stop Loss of Rs 2140 for a short-term perspective.
On Thursday Indian equity benchmarks made an optimistic start amid positive global cues and ahead of the RBI monetary policy decision due today. Markets are trading in fine-fettle with gains of over half a percent each in early deals on account of buying in Consumer Durables, Realty and Energy stocks. Fall in daily coronavirus cases also aided the sentiments in markets. In the afternoon session, Indian equity benchmarks continued to trade in positive terrain due to buying in realty, consumer durables and oil & gas stocks.
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at informalnewz@gmail.com
