3 hrs ago
Analysts Recommend BEML, Supreme Petrochem and Venky’s Stocks
The article highlights three stocks that analysts believe could rise in the short term.
They are Supreme Petrochem, Venky’s (India), and BEML.
Canara Bank Securities recommended buying Supreme Petrochem and BEML.
SMC Global Securities recommended accumulating Venky’s in a specified price range.
The recommendations are based on chart patterns and technical indicators.
Supreme Petrochem and BEML recently moved above downward trendlines and their moving averages.
Venky’s broke above a resistance level and formed a pattern that analysts viewed as positive.
Each recommendation includes a target price and a stop-loss level.
A stop-loss is a price level intended to limit potential losses if the trade moves lower.
Supreme Petrochem received a buy recommendation with short-term targets of Rs 844.75–882.70 and a stop-loss at Rs 774.70.
Venky’s (India) was recommended for accumulation at Rs 1,760–1,790, with targets of Rs 2,080–2,100 and a stop-loss below Rs 1,580.
BEML received a buy recommendation with targets of Rs 2,203.30–2,404.70 and a stop-loss at Rs 1,848.20.
Technical indicators cited for Supreme Petrochem and BEML include bullish trendline breakouts, prices above moving averages and RSI near 60 or higher.
SMC Global Securities recommended Venky’s, while Canara Bank Securities recommended Supreme Petrochem and BEML.
- Who
- Supreme Petrochem Limited, Venky’s (India) Limited and BEML Limited were the featured stocks; Canara Bank Securities and SMC Global Securities provided the recommendations.
- What
- Analysts issued short-term buy or accumulation recommendations, with target prices and stop-loss levels for three stocks.
- Where
- When
- Why
- The recommendations were based on technical signals including breakouts, moving-average positions, RSI readings, trading volume and a positive MACD crossover.
Key facts
- Supreme Petrochem recommendation
- Buy at current levels; target Rs 844.75–882.70; stop-loss Rs 774.70.
- Venky’s recommendation
- Accumulate around Rs 1,760–1,790; target Rs 2,080–2,100; stop-loss below Rs 1,580.
- BEML recommendation
- Buy at current levels; target Rs 2,203.30–2,404.70; stop-loss Rs 1,848.20.
- Supreme Petrochem analyst
- Canara Bank Securities.
- Venky’s analyst
- SMC Global Securities.
- BEML analyst
- Canara Bank Securities.
- Technical signals
- The article cites bullish breakouts, stronger trend structures and positive momentum indicators across the recommendations.
Sources
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