 "technicals")
BUY
Piramal Enterprises (PEL)
Buy Near: Rs 870
Target: Rs 950
Stop Loss: Rs 830
Recently we witnessed a range breakout in the stock above Rs 880 levels and that too with decent volumes. Then after the stock witnessed a pullback towards the breakout price.
As per the price action; PEL is poised to reach higher level of Rs 950 which is the placement of its 200 DEMA. Thus, we advise traders to go long in the stock near Rs 870 with a stop loss of Rs 830.
BUY
Tata Steel
Buy Near: Rs 108
Target: Rs 120
Stop Loss: Rs 102
At this point in time; the stock seems to be
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