RVNL, Praj Ind: Two stocks that Mehul Kothari of Anand Rathi is bullish on

The stock of RVNL has confirmed a range breakout above Rs 32.50-mark. he stock has potential to test Rs 35-mark in the coming sessions

stocks
stocks
Mehul Kothari Mumbai
1 min read Last Updated : Aug 30 2022 | 8:01 AM IST
BUY RVNL NEAR Rs 32.50 | TARGET: Rs 34.50 | STOP LOSS: Rs 31.50

The stock of RVNL has confirmed a range breakout above Rs 32.50-mark. The price action was supported with decent volumes and the stock has managed to close well above 200-day moving average. The stock has potential to test Rs 35-mark in the coming sessions. Thus, we advise traders to buy the stock near Rs 32.50 for a target of Rs 34.50 in the coming sessions.

BUY PRAJIND NEAR Rs 405 | TARGET: Rs 435 | STOP LOSS: Rs 390

During the latest trading session, we witnessed huge upside momentum in PRAJIND wherein the stock confirmed a breakout above Rs 400-mark. The breakout pattern resembles bullish Cup and Handle. The price action was supported with humongous volumes. Thus, we advise traders to buy the stock near Rs 405 for a target of Rs 435 in the coming sessions.

============================================
Disclaimer: Mehul Kothari is AVP – Technical Research at Anand Rathi Shares & Stock Brokers. Views are personal


One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :Stock callsMarketsPraj IndustriesRail Vikas Nigam

Next Story