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Buy Dishman Pharma, TVS Motor advises Systematix Shares

Systematix Shares is bullish on Dishman Pharmaceuticals & Chemicals, TVS Motor Company and has recommended to buy both the stocks for target price of Rs 93 and Rs 59.50 respectively, in its research report dated December 18, 2013.

December 18, 2013 / 13:23 IST

Systematix Shares research report

Dishman Pharmaceuticals & Chemicals

Dishman Pharma is trading in a narrow range between 80-88 levels . High volumes were recorded yesterday .Price closed above 20 DMA. momentum oscillators are exhibiting positive crossover. A breakout to the upside can be expected. Traders can Buy the stock at or above 85.70 for a target of 93 with a stop loss of 83.

TVS Motor Company

TVS Motor closed above its previous swing high.The upmove was supported by a rise in volumes. RSI gave a positive crossover hereby indicating an increase in upward momentum. The stock is expected to continue its uptrend. Traders can the stock at or above 56 with a stop-loss of 54.50 for a target of 59.50.

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first published: Dec 18, 2013 01:23 pm

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