4 shares for medium -term purchase .. Expert recommendations are these opportunities
Brokerage company Anand Rathi is optimistic on four shares based on technical parameters. It is estimated that up to 26% of these shares may be good. The brokerage company recommends purchasing these shares for a period of 6 to 9 months with Stop Loss.
Anand Rathi, four technical shares given by Gujarat Mineral Development Corporation, JSW Energy, Premier Energy, JBM Auto.
Gujarat Mineral Development Corporation | Purchase | Stop Loss: Rs. 210 | Target Price: Rs. 315
Shares of Gujarat Mineral Development Corporation (GMDC) Rs. After crossing the mark of 230, there was a huge increase. The price of these shares is Rs. Up to 500. They are now testing the breakout zone. Currently, GMCD shares are trading on 200-week EMA (Experial Moving Average). Reversal Candlestick Patter is formed.
Anand Rathi Rs. 240 – Rs. GMDC in 250 range and Rs. With a stop-loss at 210, Rs. It is advisable to achieve the target value of 315.
JSW Energy | Purchase | Stop Loss: Rs. 415 | Target Price: Rs. 580
JSW Energy Share is priced at the highest level of Rs. The reduced from 804.90 to 49%. Now 200-week EMA is rebounding. Inverses form the head and shoulders pattern. The bullish setup was formed as the stock recently crossed its neckline. Indicates possible growth. Rupee. 490 – Long position in 500 zones is recommended. Rupee. The target of 580, based on the daily closing of Rs. Anand Rathi suggested keeping less than 415 stop-less.
In addition, the price of JSW Energy Share is Rs. The test is likely to add more in the condition of 445. The technical structure refers to the possibility of strong rebounds. The brokerage company said it looks attractive at the current levels.
Premier Energy | Purchase | Stop Loss: Rs. 790 | Target Price: Rs. 1,100
Premier Energy Share Price Rs. 1,350 was reduced by zone. Now Rs. Business near 900. Excessive selling in a short time. Rupee. 800 – Rs. Indicate strong supports near the 820 zone. According to Anand Rathi, the decrease in premiere energetic shares after the market disposal is uncertain.
Brokerage Company Rs. 920 – Rs. Buying Premier Energy Share in 880 range, Rs. With a stop-loss at 790, in the next 6-9 months. 1,100 advised to get the target price.
