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“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
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Buy PFC at Rs 480
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
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Buy HAL at Rs 4437
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)
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This article was originally published by Indiatimes.com. Read the original article here.