Lupine
: The stock has seen a sharp turnaround following a significant correction. It appears to have strong buy support near the lower daily Bollinger Band as well as large volumes. Both daily and weekly momentum indicators are in favor of the bulls, suggesting a significant rebound. One can buy Lupine shares for a target of Rs 980 to 1020 with a stop loss at Rs 900. (Analyst: Gaurav Ratnaparkhi, Sharekhan by BNP Paribas)
Tech Mahindra: The action recently hit the level of Rs 1,475 and appears to be heading towards Rs 1,445. Selling Tech Mahindra shares is advised for a target price of Rs 1,445 with a stop loss at Rs 1,575. (Analyst : Manish Hathiramani, Deen Dayal Investments)
Grasim: After some consolidation, the stock found support near the 20-day moving average and an uptrend line on the daily chart. He formed a bullish outside bar and started the next step. Grasim shares can be bought for a target price of Rs 1,850 to 1,900 with a stop loss at Rs 1,700. (Analyst: Gaurav Ratnaparkhi, Sharekhan by BNP Paribas)
Infosys: The stock triggered its swing low of Rs 1,662 recently. If it exceeds the level of Rs 1,660, further weakness towards Rs 1,625 is expected. Selling the stock is recommended for a target of Rs 1,625 with a stop loss at Rs 1,725. (Analyst: Manish Hathiramani, Deen Dayal Investments)
Aditya Birla Fashion and Retail: After forming a short-term base near the junction of the 40-day exponential moving average and daily lower Bollinger band, the stock appears to have resumed its biggest uptrend with a big leap. Buying is recommended for a target of Rs 284-295 with a stop loss at Rs 258. (Analyst: Gaurav Ratnaparkhi, Sharekhan by BNP Paribas)
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