Business Standard

Tuesday, December 24, 2024 | 10:04 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Buy CRISIL, Sell Larsen & Toubro recommends Mehul Kothari

According to the technical analyst from Anand Rathi, Larsen & Toubro can slip to Rs 1,800-level, while CRISIL can rally to Rs 3,700.

Buy, Sell, markets, stocks, shares, investments, mutual funds, investors
Premium

Mehul Kothari Mumbai
SELL
LT (Larsen & Toubro)
Sell Near: Rs 1,900
Target: Rs 1,800
Stop Loss: Rs 1,950

The stock has been in a strong uptrend from Rs 1,430 towards Rs 1,940 mark and entered an overbought zone. The momentum oscillator on the daily scale are hinting towards a corrective move.

On the daily scale we are witnessing a bearish Engulfing candlestick pattern. Thus, we advise traders to sell the stock on rise near Rs 1,900 for target of Rs 1,800 in the coming sessions.

BUY
CRISIL
Buy Near Rs 3,350
Target: Rs 3,700
Stop Loss: Rs 3,170

During the latest trading session; the stock has confirmed a range breakout above Rs 3,380 level.

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in