1 week ago
MCX, Persistent Systems, Supreme Industries Get Buy Calls
The article discusses three stocks that may rise, based on their price charts.
They are Persistent Systems, MCX, and Supreme Industries.
Each stock receives a buy recommendation.
Persistent Systems has a target range of Rs 6,040-6,150.
MCX has a target range of Rs 3,380-3,460.
Supreme Industries has a target range of Rs 3,925-4,050.
A stop loss is also given for each stock to limit potential losses.
The recommendations are based on chart patterns, moving averages, support levels, and signs of buying strength.
Persistent Systems received a buy recommendation with a target range of Rs 6,040-6,150 and a stop loss at Rs 5,370.
MCX received a buy recommendation with a target range of Rs 3,380-3,460 and a stop loss at Rs 2,890.
Supreme Industries received a buy recommendation with a target range of Rs 3,925-4,050 and a stop loss at Rs 3,450.
Persistent Systems and Supreme Industries both broke out from inverse head-and-shoulders patterns, while MCX broke above Rs 3,030.
The recommendations cite higher highs, higher lows, support zones, and trading above key moving averages as signs of bullish momentum.
- Who
- Persistent Systems Ltd, Multi Commodity Exchange of India, and Supreme Industries Ltd.
- What
- The article gives buy recommendations, target prices, and stop-loss levels for the three stocks.
- Where
- When
- Why
- The recommendations are based on bullish chart patterns, breakouts, higher highs and higher lows, support levels, and prices above key moving averages.
Key facts
- Persistent Systems
- Buy; target Rs 6,040-6,150; stop loss Rs 5,370.
- Multi Commodity Exchange of India
- Buy; target Rs 3,380-3,460; stop loss Rs 2,890.
- Supreme Industries
- Buy; target Rs 3,925-4,050; stop loss Rs 3,450.
- Persistent Systems setup
- Broke out from an inverse head-and-shoulders pattern; RSI was cited at 65.
- MCX setup
- Broke above Rs 3,030 on a closing basis after finding support around Rs 2,600.
- Supreme Industries setup
- Broke above a declining trend line above Rs 3,470 after forming a double bottom near Rs 3,150.
Sources
Related news
MCX, Thyrocare, Innova Captab: Top stocks to trade
TCS, Engineers India Technical Setups Point To Further Upside
Mphasis, Asian Paints Among Six Stocks Experts Recommend Buying Today
BSE, MCX, NSDL: Key Trading Levels, Targets and Stop-Losses
Experts Recommend Six Stocks to Buy for Short Term
YES Bank, Cummins, SAMIL Top Trading Calls With Key Levels
Supreme Industries Upgraded to Buy Amid Demand Recovery
Nifty Flat as Fed Decision Spurs Market Uncertainty
JM Financial Recommends 7 Stocks
IndusInd Bank Faces SFIO Probe
