The inventory broke out of the Rs 600-626 buying and selling vary final week on the again of above common volumes. This augurs effectively for the uptrend to proceed. Technical indicators too are giving wholesome indicators because the inventory trades above its 20- day and 50-day SMA. Momentum indicators just like the 14-week RSI are in rising mode and never overbought. With the intermediate and long run technical setups wanting engaging, the analyst expects the inventory to progressively transfer greater and, due to this fact, recommends a purchase on Motilal Oswal between Rs 648-660. Preserve a cease loss at Rs 624 for a goal of Rs 740.

(Analyst: Subash Gangadharan, Senior Technical and Spinoff Analyst, HDFC Securities)

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The inventory has been discovering help at its 20-day SMA earlier than lastly breaking out of the buying and selling vary on Friday on the again of above common volumes. With momentum indicators just like the 14-day RSI in rising mode and never overbought, the analyst expects the inventory to maneuver greater within the coming periods. He recommends a purchase between the Rs 4,800-4,900 zone whereas conserving a cease loss at Rs 4,550 and goal at Rs 5,600.

(Analyst: Subash Gangadharan, Senior Technical and Spinoff Analyst, HDFC Securities)

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On the day by day and weekly charts, UltraTech Cement has shaped a robust bullish Greater Excessive and Greater Backside sequence. Incremental quantity exercise close to breakout degree signifies excessive possibilities of additional uptrend from present ranges. At present, the inventory is buying and selling effectively above its short-term as effectively medium-term averages which advocates uptrend wave more likely to proceed within the close to time period. Preserve a cease loss at Rs 6,550. The analyst has set a goal of Rs 7,290 on the inventory.

(Analyst: Shrikant Chouhan, EVP- Fairness Technical Analysis at Kotak Securities)

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Titan has shaped a double-bottom type of formation put up a pointy value correction. The inventory was consolidating within the vary of Rs 1,450 to Rs 1,500. Modest quantity exercise close to Rs 1,450 value vary suggests bears have began dropping curiosity. Therefore, if the inventory constantly manages to commerce above Rs 1,420, we will count on another uptrend rally within the close to future. As well as, the inventory has robust reversal candle on weekly charts, together with optimistic SAR sequence on day by day charts, which clearly means that an uptrend momentum is more likely to proceed within the close to future. Keep a cease loss at Rs 1,420.

(Analyst: Shrikant Chouhan, EVP- Fairness Technical Analysis at Kotak Securities)

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After a robust pullback rally from Rs 615 to Rs 799, the inventory went right into a correction mode. Within the first week of March, Axis financial institution was down practically 6 per cent. Nevertheless, the medium time period construction of the inventory remains to be on the optimistic aspect. Regardless of a short-term correction, the inventory has maintained a better backside sequence construction which is broadly optimistic. At present, it’s buying and selling close to an vital retracement degree and the feel of the chart suggests uptrend continuation formation will proceed within the close to time period. The analyst recommends merchants to maintain a cease loss at Rs 705 for a goal of Rs 780.

(Analyst: Shrikant Chouhan, EVP- Fairness Technical Analysis at Kotak Securities)

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Momnetum indicator MACD has moved above the sign line on the hourly chart, giving a bullish sign for the counter. Merchants can buy on the open or on dips to Rs 693 for a goal value of Rs 740-766 with a cease loss at Rs 677. The advice is for a five-day holding interval.

(Analyst: Tency N Kurien, Analysis Analyst, Geojit Financials Providers)

iStock

The inventory has shaped a bullish engulfing candle on the day by day chart, which hints at a rally within the coming few days. Merchants can buy on the open or on dips to Rs 150 for a goal of Rs 158-163 with a cease loss at Rs 147. The advice is for a five-day holding interval.

(Analyst: Tency N Kurien, Analysis Analyst, Geojit Financials Providers)

iStock

Momentum indicator MACD has moved above the sign line on the day by day chart, giving a bullish sign for the inventory. Merchants can buy on the open or on dips to Rs 73 for a goal within the vary of Rs 77-80 with a cease loss at Rs 71. The advice is for a five-day holding interval.

(Analyst: Tency N Kurien, Analysis Analyst, Geojit Financials Providers)