Mehul Kothari expects NLC India, DLF to gain in the near term; check why



BUY


NLC India


Buy Near: Rs 89


Target: Rs 100


Stop Loss: Rs 83


The stock has made an attempt for a multiyear breakout above Rs 90 mark. Once the stock starts sustaining above Rs 90 level on a closing basis then we might witness a fresh bull run in the stock. Even from a trading perspective the stock looks lucrative.


Thus, we advise traders to buy the stock near Rs 89 with a strict stop of Rs 83.


BUY


DLF


Buy Above: Rs 418.50


Target: Rs 435


Stop Loss: Rs 410


The realty giant has confirmed a major breakout above Rs 413 mark. The price action resembles a bullish Cup and Handle pattern. Thus, we expect positive momentum in the stock during the coming sessions.


Hence, we advise traders to buy the stock above Rs 418.50 with a strict stop of Rs 410.


(Mehul Kothari – AVP – Technical Research, Anand Rathi Shares & Stock Brokers. Views are personal).



Source link

Comments are closed.