Tata Power, Siemens among top bets by Chandan Taparia of MOFSL for today | News on Markets

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Stock Market, Market, Crash, Funds, up, Stock, Lost, decline, statistic, Crisis, Capital, BSE, NSE, Bull, (Photo: Shutterstock)


Buy Hindalco | CMP: Rs 717 | Stop Loss: Rs 695 | Target: Rs 760


Price has broken out of a consolidation zone on the daily chart with noticeable volumes. Buying is visible across the metal space. The MACD indicator has given a bullish crossover and headed up which confirms the upward momentum.


Buy Siemens | CMP: Rs 7,095 | Stop Loss: Rs 6,885 | Target: Rs 7,570


A bullish reversal is visible on the daily chart with the recent candlestick being a large bodied bullish candle which confirms the uptrend. It is forming higher highs-higher lows from past three trading sessions. The RSI Momentum indicator has turned up which has bullish implications.

 


Buy Tata Power | CMP: Rs 468 | Sop Loss: Rs 455 | Target: Rs 500


Stock is trading near its all-time high price and given a range breakout on the weekly chart. The ADX indicator has turned up which supports the bullish trend.


(Disclaimer: Chandan Taparia is senior vice president of equity derivatives & technicals, wealth management at Motilal Oswal Financial Services Ltd. Views expressed are his own.)

First Published: Sep 25 2024 | 6:35 AM IST



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