We are expecting highly volatile ride in next week so it is better to stay away from trading for next 3-5 days, says Sumit Bilgaiyan of Equity99
Directionally, with the improvement in the transmission infrastructure, evacuation facilities and growth in power demand, exchanges would have a higher share. And IEX which has a market share of close to 97 percent would be one big beneficiary of this growth.
We expect the stock to resolve higher from here on and head towards Rs 410 as it upper band of the upward sloping channel, says Dharmesh Shah of ICICIdirect.com.
We believe that the stock is likely to continue with its positive momentum and head towards Rs 1550 in the medium-term, says Dharmesh Shah of ICICIdirect.com.
The risk-to-reward ratio also seems to be in favor of the bulls. Investors can hold longs with a mentioned stop loss on a closing basis, says Hadrien Mendonca of IIFL.
The stock has also broken below its short-term moving averages indicating further downside cannot be ruled out, says Hadrien Mendonca of IIFL.
The stock has also broken below its long-term 200-DEMA further accentuating our bearish stance on the stock in the near-term, says Hadrien Mendonca of IIFL.
we recommend traders to go short in this counter at the current level of Rs 537 with a downside price target of Rs 480. A stop loss should be placed above Rs 570 on a closing basis, says Aditya Agarwal of Way2Wealth Brokers.
We recommend traders to go short in this counter in a range of Rs 1130 – 1140 with a downside target of Rs 1050 first and in case of further pessimism stock can retest its bottom of Rs 1016, says Aditya Agarwal of Way2Wealth Brokers.
We advocate traders to buy this stock above Rs 1531 with a price target of Rs 1700 and a stop loss placed below Rs 1428, says Aditya Agarwal of Way2Wealth Brokers.
The BSE Telecom index has fallen 41 percent so far this year. The sector has been battling issues of low tariffs, eroding profitability, and rising debt as a result of an aggressive pricing war started by Reliance Jio
Mitessh Thakkar of mitesshthakkar.com suggests buying Bata India with a stop loss of Rs 1028 and target of Rs 1060 and Colgate Palmolive with a stop loss of Rs 1079 and target of Rs 1222.
Rajesh Agarwal of AUM Capital recommends buying Sun Pharmaceutical Industries with stop loss at Rs 412 and target of Rs 431 and Bharat Petroleum Corporation with stop loss at Rs 320 and target of Rs 332.
Kotak Securities is bullish on Arvind has recommended buy rating on the stock with a target price of Rs 130 in its research report dated December 05, 2018.
Increase in capacity utilisation is positive for stocks in the Indian manufacturing sector
Traders can accumulate the stock in the range of Rs 820-830 for the target of Rs 760 with a stop loss below Rs 862, says Rupak De of Bonanza Portfolio.
Traders can sell the stock in the range of Rs 2,665-2,680 for the target of Rs 2,520 with a stop loss above Rs 2,746, says Rupak De of Bonanza Portfolio.
Traders can accumulate the stock in the range of Rs 2,000–2,010 for the target of Rs 2,170 with a stop loss below Rs 1,919, says Rupak De of Bonanza Portfolio.
Kotak advises buying Adani Ports with a target price at Rs 390 as it believes that the company is better placed to benefit from the uptick in gateway and transshipment volumes
Ashwani Gujral of ashwanigujral.com recommends buying Hindustan Unilever with a stop loss of Rs 1830, target of Rs 1885 and HDFC with a stop loss of Rs 1950, target of Rs 2010.
Sharekhan is bullish on Hindustan Unilever has recommended buy rating on the stock with a target price of Rs 2071 in its research report dated December 03, 2018.
Prabhudas Lilladher recommended hold rating on Hindustan Unilever with a target price of Rs 1880 in its research report dated December 03, 2018.