Quarterly Results will impact further movement in Indian Stocks
Stock specific action can be expected as many companies will declare their quarterly results. Some of the companies which Epic Research has tracked, will be announcing results. Have a look at what you can expect from some of the blue chip companies declaring results.
CEAT - Ahead of good Q1 results stock has surged nearly 9% in intraday. The stock has also given a breakout of double bottom chart pattern on the daily chart and given closing above the neckline. We recommend buying from the current level for the target of 1400 with the stop loss of 1310.
JUBLFOOD - After a long consolidation phase stock has given a successful breakout with huge volumes on closing basis of 52 week high. The RSI is also showing strength on the daily chart. We recommend buying from the current level for the target of 1510 with the stop loss of 1470.
HEXAWARE - Stock is in a consolidation phase for 2 weeks. It took the support of the trend line on daily chart. The RSI is showing good strength by trend line on daily chart. We recommend buying from the current level for the target of 550 with the stop loss of 475.