The latest analysis and commentary by stock market guru Prakash Gaba on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about Hero Motocorp, NBCC (India), Aurobindo Pharma and Tata Global Beverage.
“Hero Motocorp is the stock that looks weak, has seen more of an exhaustion pattern on the upper regions, possibly we could see a slide to around Rs 3,070 zones, stop about Rs 3,300 should be fine. So it is possible we will see Rs 3,300. Second stock that looks weak again to me is NBCC. I feel it got exhausted in the upper region, possible we could see a level closer to Rs 52 zones, stop above Rs 56,” he said.
“I have two stocks both on the long side. Aurobindo Pharma looks good, we can see an upmove here in Aurobindo Pharma. Possible target on the upside in the vicinity of Rs 750 zones, stop below Rs 720. Tata Global Beverage is another stock that looks good. I think it has bottomed out from a longer-term perspective. Upside is on, any dip is a buying opportunity from medium-term to long-term perspective. Short-term target is Rs 230, stop below Rs 215,” he added.
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