MAS Financial, NIIT Technologies and Alembic Pharmaceuticals Stock Recommendations
Indian Stock Markets jumped after Finance Minister announced reduction in corporate tax. The major move led to momentum in the stock markets and many companies stand to benefit from reduced tax burden. Stock recommendations from Romesh Tiwari, Head of Research, CapitalAim follow....
MAS FIN: BUY| Above: Rs 680| Target: Rs 900| Stop loss: Rs 620|
MAS FINANCE is in a bullish trend since 3-SEP-2019 in the daily chart and now it has near the major resistance of 670 same chart. 20-day and 50-day moving average has shown upward bullish momentum, MACD showing buys signal on the daily chart. Also, the RSI showing buy signal on the same chart which is now placed at 63.85 levels.
NIITTECH: BUY| Above: Rs 1395| Target: Rs 1470| Stop loss: Rs 1340|
NIIT TECHNOLOGY sustained above the 20-day moving average and it is now on a recovery mode since 19-SEP-2019 and consolidating above the resistance of 1365 levels on the daily chart. Now the Bollinger Band has shown an uptrend on the daily chart and the RSI looking strong at the same chart which is now placed at 49.07 levels.
Alembic Pharmaceuticals: BUY| Above: Rs 525 | Target: Rs 675 | Stop loss: Rs 490 |
Alembic Pharmaceuticals Limited is in on recovery trend since 21-JUN-2019 and range between 540-480 on the daily chart and consolidating on 20-day moving average on the same chart. RSI looks strong at the same chart which is now placed at 55.42 levels.