Market Trading Guide: HAL among 2 stock recommendations for Tuesday

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Stock Ideas

1/3

Stock Ideas

Indian equity markets closed flat on Monday as the actions of FIIs are dominating the current market momentum, which is backed by a weak set of earnings and expectations from Trump policy.
“India is also looking forward to the CPI data with a muted view as food prices are likely to be higher on MoM basis, essentially forcing RBI to hold the interest rates in the short-term,” said Vinod Nair, Head of Research, Geojit Financial Services.
Here are 2 stock recommendations for Tuesday

Agencies

Buy PFC at Rs 480

2/3

Buy PFC at Rs 480

Target Price: Rs 519 | Stop Loss: Rs 460
PFC has given a breakout from an ascending triangle pattern on the hourly time frame, indicating a bullish trend. The price is trading above all major EMAs, signaling bullishness, with the 20 EMA crossing above the 200 EMA, further confirming a short-term trend shift to bullish.
Kunal Kamble, Sr Technical Research Analyst, Bonanza

IANS

Buy HAL at Rs 4437

3/3

Buy HAL at Rs 4437

Target Price: 4606 | Stop Loss: Rs 4340
HAL on an hourly time frame has reversed from the potential 4th impulsive wave target and has initiated its fifth impulsive wave, signaling a buying opportunity. The price is trading above the Ichimoku Cloud, which indicates bullishness in the security.

Kunal Kamble, Sr Technical Research Analyst, Bonanza

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

ETMarkets.com

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