Business Standard

Thursday, December 19, 2024 | 06:43 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Mehul Kothari recommends to buy Laurus Labs, RateGain Travel Technologies

According to the technical analyst from Anand Rathi, Laurus Labs can rally to Rs 400; while RateGain can jump to Rs 330.

Markets, bulls, bears, stocks, trading, technicals, market technical, technical analysis
Premium

Mehul Kothari Mumbai
BUY
Laurus Labs
Buy Near: Rs 378
Target: Rs 400
Stop Loss: Rs 368

The stock Laurus Labs has been in a corrective mode since long time. On the short term time frame; the stock has entered an oversold zone. At this point in time; it is hovering near the placement of 200 week EMA.

Also we are witnessing positive divergence in daily RSI which makes risk reward very lucrative to go long.

Thus, we advise traders to go long in the stock near Rs 378 with a stop loss of Rs 368.

BUY
RateGain Travel Technologies
Buy Above: Rs 310
Target: Rs 330
Stop Loss: Rs 299

After several attempts the stock

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