Stocks to buy: Granules and Suzlon among top bets, here's why

Bank Nifty

The BankNifty scale witnessed a volatile trading league but ended connected a level note, highlighting the evident tussle betwixt buyers and sellers. The contiguous absorption is placed astatine 52,000, wherever the highest unfastened involvement is built up connected the telephone side. The scale needs to surpass this people to proceed its upward movement. On the downside, the little extremity enactment is placed astatine 51,000, wherever the highest unfastened involvement is built up connected the enactment side. Dips towards this enactment level should beryllium viewed arsenic an perfect buying opportunity.

Stocks to buy

Granules: Buy astatine ₹491 | Target Price: ₹530 | Stop Loss: ₹470

The banal has fixed a emblem signifier breakout connected the regular chart, suggesting a emergence successful optimism. It has been sustaining supra the captious moving average. The RSI is successful a bullish crossover and rising. Over the mean term, the banal mightiness determination smartly towards 530. On the little end, enactment is placed astatine 470.

Suzlon: Buy astatine ₹53 | Target Price: ₹60 | Stop Loss: ₹49

The banal has fixed a affirmative breakout aft days of sideways consolidation, which indicates a emergence successful optimism. Besides, the terms has been sustaining supra the captious moving average. The RSI is successful a bullish crossover and rising. Over the mean term, the banal mightiness determination smartly towards 60. On the little end, enactment is placed astatine 49.

The writer Rupak De is the Senior Technical Analyst, LKP Securities.

Disclaimer: The views and recommendations provided successful this investigation are those of idiosyncratic analysts oregon broking companies, not Mint. We powerfully counsel investors to consult with certified experts earlier making immoderate concern decisions, arsenic marketplace conditions tin alteration rapidly and idiosyncratic circumstances whitethorn vary.

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Published: 23 Jun 2024, 03:16 PM IST