Indiabulls Real Estate
Shares of Indiabulls Real Estate, which deals in real estate across commercial, residential and special finance sectors, closed at Rs 90 last week. Subhash Gangadharan, Technical Analyst of HDFC Securities, said that the stock may jump to Rs 105 from here. 17 percent profit is expected from the stock. At the same time, the brokerage firm also stated that buyers of Indiabulls Real Estate shares should set a stop loss at Rs 80.
Indiabulls Real Estate (BSE : 532832 , NSE : IBREALEST ) share chart over the past few weeks has seen bullish ‘Higher Top Higher Bottom’ pattern. Similarly, a positive crossover of moving averages has also been shown (20 week moving average level crossed 50 week moving average level). The most popular technical indicator, RSI, is also showing positive signs for the stock.
Samvardhana Matherson International Limited is a leading company that manufactures components and equipments required by leading automobile manufacturing companies. The stock was trading at the level of Rs 94 last day. Shiju Koothupalakkal, technical research analyst of brokerage firm Prabhudas Leeladhar suggested that the stock can be bought targeting Rs 112 from here. A 20 percent gain is expected from the stock in the short term. At the same time, technical analysts said that buyers of Samvardhana Matherson shares should set a stop loss at Rs 88.
Samvardhana Motherson (BSE : 517334, NSE : MOTHERSON) stock is finding support from the 200-day moving average (DMA) level after the recent correction. The 50 EMA has reached the top of the line and is signaling further bullishness. The technical analyst pointed out that the RSI indicator is also giving a positive signal about the stock.
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