Jigar Patel, Senior Manager, Equity Research, Anand Rathi Shares suggested that Delta Corp, which has returned to the bullish path after facing a short-term correction, is a buy between Rs 145 and Rs 155 levels. The price of this gaming and hospitality stock is expected to advance towards Rs 185 level in the near future. It is expected to make a profit of 28 percent through this. Meanwhile, analyst Jigar Patel suggested that buyers of Delta Corp shares should set a stop loss at Rs 133 on closing basis.
Delta Corp (
BSE : 532848, NSE : DELTACORP) stock returns. Similarly, this time the advance has broken the bearish trend line followed by the stock during the last eight months. Also noteworthy is the very high number of stock transactions (volume) evident at this stage. Similarly, looking at the technical indicator Stochastic RSI, the strong return from the ‘oversold’ region is a positive sign, explained the technical analyst of the brokerage firm.
Development Matherson International
Last day, the shares of Samvardhana Matherson, a leading company in the automotive industry, closed at Rs 120. Nagaraj Shetty, senior technical research analyst at brokerage firm HDFC Securities, said that the stock can be bought with a target of Rs 134 from here. With this, a 12 percent gain is expected from the stock within the next three to four weeks. Analyst Nagaraj Shetty also suggested that buyers of Samvardhana Motherson shares should set a stop loss at Rs 114 level.
Over the past few months Samvardhana Matherson (BSE : 517334, NSE : MOTHERSON) The stock is showing an uptrend. A ‘higher high higher low’ pattern (higher highs and higher lows) is visible on the chart for a few weeks. Breaking the upside of the falling trend line is also a good sign. There are no signs of reversal from the technical indicators. Technical research analyst said that RSI indicator standing at 70 level is also a positive factor.
(Disclaimer: The investment recommendations given in the above shares are shared by the brokerage firms on their own. Times Internet is not responsible for this. Stock investment is subject to risk of profit and loss. You can seek the services of SEBI approved market analysts before investing in shares.)