Anand Rathi Top picks : Domestic brokerage house Anandarathi has released its list of 6 preferred stocks in which one can invest with a target of 3-6 months. The names of Bharti Airtel, ICICI Bank, Eicher Motors, Britannia, Maruti Suzuki and Zee Entertainment are included in these stocks.
Let’s take a look.
Bharti Airtel: Bharti Airtel has performed comparatively better even in this period of current geopolitical tensions and due to the severe downturn in the market. On daily scalp, this stock has turned upside down from its 200 DEMA and 200 DSMA around Rs.650. In such a situation, traders would be advised to buy the stock with a stop loss of Rs 570 for a target of Rs 800 from a 3-6 month perspective.
ICICI Bank: An analysis of the data from 2016 till now shows that whenever the RSI of ICICI Bank goes below 30, it mostly forms the bottom and from this bottom again there is a reversal. Currently also the RSI of ICICI Bank has gone below 30. Hence, a buy should be made in this stock with a target of Rs 800 and a target of Rs 570.
Eicher Motors: Anandarathi also has a buying advice in Eicher Motors. Brokerage house says buy Eicher Motors with a stop loss of Rs 1950 for a target of Rs 2,800 for 3-6 months.
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Zee: In Zee Entertainment too, Anandathi sees good growth potential going forward. In such a situation, he has given buy advice in this stock with a stop loss of Rs 180 for a target of Rs 280.
Britannia: Britannia along with other FMCG stocks have also been in bearish phase for the past few months. Its demand zone is seen around its 200 EMA and 200 SMA. Anandarathi says buy on this stock with a stop loss of Rs 2740 for a target of Rs 3900.
Maruti: Buy Advice in Anandarathi’s Maruti too with a stop loss of Rs 6,000 for a target of Rs 8500.
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