Recommending here some selected stocks which have had a price breakout recently. Also, these stocks are close to major support levels and the probability of a downside is very low. The technical charts indicate very good buying opportunity in each of these stocks.
Buy DCM Shriram Consolidated below 48. (Close 46.30)
Stop loss 38 on closing basis.
Target- 52/57/62/65/67
6 months - 1 year
Potential- 40%
Max loss - 20%
This stock has a extremely strong support at 39.60 and this is not likely to be breached.
Buy Godrej Industries below 211. (Close 208.65)
Stop loss 180 on closing basis.
Target- 216/227/233/244
6 months - 1 year
Potential- 16%
Max loss - 15%
This stock has a extremely strong support at 197 and this is not likely to be breached.
Buy Grindwell Norton below 276. (Close 273.35)
Stop loss 220 on closing basis.
Target- 300/360/385/410
6 months - 1 year
Potential- 48%
Max loss - 20%
This stock has a extremely strong support at 240 and this is not likely to be breached.
Buy Merck India below 665. (Close 662.65)
Stop loss 525 on closing basis.
Target- 785/845/880/900/940
6 months - 1 year
Potential- 41%
Max loss - 21%
This stock has a extremely strong support at 560 and this is not likely to be breached.
Buy Oriental Bank below 310. (Close 307.40)
Stop loss 260 on closing basis.
Targets - 360/430/470/495/510/530
6 months to 1 year.
This stock is close to yearly low and a strong support.
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