1 day ago
Three Stocks Draw Buy Calls With Targets And Stop-Losses
Three stock-market analysts have issued buy recommendations.
United Spirits is taking a pause after rising and may move toward Rs 1,545.
Its bullish setup depends on staying above about Rs 1,325.
Finolex Cables moved out of a downward channel and rose above important moving averages.
Analysts see possible targets between Rs 1,516 and Rs 1,545.
Black Box first fell significantly but later found support near Rs 710-715.
It then moved above Rs 825 with strong trading activity.
Analysts believe it could rise to Rs 865 or Rs 901 if it stays above Rs 795.
United Spirits has a bullish consolidation setup, with a target of Rs 1,545 and stop-loss at Rs 1,325.55.
Finolex Cables broke out of a downward-sloping channel, with targets of Rs 1,516-1,545 and a stop-loss at Rs 1,322.
Black Box broke above Rs 825 after building support near Rs 710-715, with targets of Rs 865 and Rs 901.
Technical signals cited for the stocks include improving momentum, volume expansion, and favorable indicator readings.
The recommendations come from SMIFS, Canara Bank Securities, and Systematix Institutional Equities.
- Who
- United Spirits, Finolex Cables, and Black Box, with recommendations from SMIFS, Canara Bank Securities, and Systematix Institutional Equities.
- What
- The three stocks received buy calls with specified target prices and stop-loss levels.
- Where
- The recommendations concern stocks traded in the Indian market.
- When
- The articles do not state a publication date; the recommendations refer to potential moves in the coming weeks for United Spirits.
- Why
- Analysts cited bullish chart patterns, breakouts, support levels, improving momentum, and favorable technical indicators.
Key facts
- United Spirits target
- Rs 1,545
- United Spirits stop-loss
- Rs 1,325.55
- Finolex Cables target
- Rs 1,516-1,545
- Finolex Cables stop-loss
- Rs 1,322
- Black Box target
- Rs 865-901
- Black Box stop-loss
- Rs 795
- Black Box support zone
- Rs 710-715
Sources
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