Best stock for september 2022
Polycab India:
Buy | LTP: Rs 2,457.60 | Stop-Loss: Rs 2,250 | Target: Rs 2,675 | Return: 9%
The stock has crossed its medium and long haul moving midpoints with a sharp volume and shut 2% higher (W-o-W premise).
Intermingling of its 20-week and 50-week EMAs (outstanding moving midpoints) has affirmed a breakout on the higher side to test its transitional high.
Its week by week RSI is exchanging over the normal line showing a sharp up continue on the higher side. Subsequently, a long position can be started for the objective of Rs 2,675 and a stop loss of Rs 2,250.
Biocon :
Buy | LTP: Rs 317 | Stop-Loss: Rs 298 | Target: Rs 365 | Return: 15%
The stock is exchanging an inside range throughout recent weeks after a sharp breakdown from its new high of Rs 388 levels.
Hybrid of its short and medium term midpoints affirms a positive breakout in accordance with the area.
Various twofold bottoms Rs t 305 levels would be secured and offers a decent gamble reward proportion from current levels.
Subsequently, a long position can be started for the objective of Rs 365 and a stop-loss of Rs 298.
Disclaimer: The perspectives and speculation tips communicated by Avik ray(Please examine about venture with your monetary counsel).
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