This is Why Mehul Kothari Recommends Shopping for Tata Energy, Suntec Realty


Suntec Realty

Goal: Rs 540

Cease Loss: Rs 470

Inventory Sunteck Realty has been buying and selling within the vary of Rs 500 to 430 for the previous couple of months. Presently, the inventory is on the verge of breakout from the talked about vary. We anticipate a pointy upward transfer after the breakout. Thus, one can deposit the inventory within the vary of Rs 500 – 495 with a cease lack of Rs 470 for a goal above Rs 540 within the coming 2-3 weeks.


Tata Energy

Goal: Rs 280

Cease Loss: Rs 240

Throughout its robust uptrend, TATAPOWER consolidated within the Rs 260 – 200 band for a number of months. Not too long ago the inventory broke above that vary and examined round Rs 300 mark. Nevertheless, it’s once more within the breakout zone. Vary breakout goal is round Rs 320 however we’re additionally seeing a flag breakout on the bigger timeframe. Thus we advocate merchants to go lengthy within the inventory within the vary of Rs 258-250 in 2-3 weeks with a cease lack of Rs 240 for the goal above Rs 280 in 2-3 weeks.

(Mehul Kothari – AVP – Technical Analysis, Anand Rathi Shares & Inventory Brokers. Views are private).

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