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3 hot stock picks from Reliance Securities

TCS,GAIL, and Coal India are on the radar of Reliance Securities

July 24, 2017 / 10:43 IST
     
     
    26 Aug, 2025 12:21
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    Reliance Securities recommends the following stocks:

    TCS

    CMP: 2491| RECO: BUY| TARGET: 2680-2780| STOP LOSS: 2400

    The stock reversed after taking support of lower band of the rising channel and rose to 7-week closing high, confirming an uptrend.

    Due to recent reversal in the stock, Stochastic and RSI moved higher post their positive cross-over.

    As per the current weekly set-up, we believe that stock will keep its northward journey intact and soon visit prior resistance zone and record new life-time-high thereafter.

    In case of any negative surprise, lower band of the rising channel and cluster of moving averages will save the stock from falling lower.

    Thus, long position can be initiated here and on dips for the target of Rs 2680-2780 and with a stop loss of Rs 2400.

    TCS Reliance Sec

    GAIL

    CMP: 377| RECO: BUY| TARGET: 413-430| STOP LOSS: 360

    • GAIL reversed after taking support of its long-term moving average 200-day SMA, but after a rally of over 10 percent, stock consolidated in between Rs 375-395.
    • The key technical indicator-RSI is also positively poised above 50-mark, confirming the uptrend in the coming days.
    • The stock has closed above its short-term moving average 20-day EMA and with the sector in focus it is likely to outperform.
    • Thus, long position can be initiated here and on dips for the target of Rs413-430 and with a stop loss of Rs360.
    GAIL Reliance Sec

    COAL INDIA

    CMP: 262| RECO: BUY| TARGET: 295| STOP LOSS: 243

    Coal India reversed forming Double bottom pattern around Rs245 and later it rose to 7-week closing high.

    Due to recent recovery in the prices, key technical indicators-Stochastic and RSI reversed from their oversold zone.

    MACD also reversed from its oversold zone and about to give positive cross-over.

    As per the current weekly set-up, we believe that stock will continue undergoing positive momentum and soon it will manage to breach intermediate hurdles of short-term and long-term moving averages.

    On the lower side, the stock will find strong support around its recent swing low.

    Thus, long position can be initiated here and on dips for the target of Rs 295 and with a stop loss of Rs 243.

    Coal India Reliance Securities

    Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol are their own and not that of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

    first published: Jul 24, 2017 10:43 am

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