Rain Industries is a leading company that manufactures various products like petroleum coke and cement.BSE : 500339, NSE : RAIN). It closed at Rs 175.60 last week. Jigar Patel, senior equity research manager of Anand Rathi Shares, said that the share price can advance to Rs 210 from here. A 20 percent gain is expected through this. Jigar Patel also stated that the buyers of Rain Industries shares should adjust the stop loss at Rs 155. A breakout pattern is evident on the weekly chart. Also one of the harmonic chart patterns Gartley pattern can be seen.
Various engine manufacturers such as Greaves Cotton (BSE : 501455, NSE : GREAVESCOT). Its shares had stopped trading at Rs 165 last week. Jigar Patel, senior equity research manager at Anand Rathi Shares, indicated that the share price could jump to Rs 200 from here. Through this, 21 percent profit is made. Jigar Patel also said that those who buy Greaves Cotton shares should set a stop loss at Rs 143. A bullish signal is evident on the daily chart.
Public Sector Undertaking NBCC (BSE : 534309, NSE : NBCC) shares, gained 9 percent to close at Rs 115 last week. Hariprasad Akishkethara, director, Livlong Wealth, indicated that the mid-cap stock, which is on a breakout run, could advance to Rs 134 if it manages to breach the Rs 119 level. Hariprasad stated that if the level of Rs 134 can be crossed, it can jump to Rs 154. 30 percent gain is expected from NBCC stock in the short term.
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