3 weeks ago

MCX, Thyrocare, Innova Captab: Top stocks to trade

MCX, Thyrocare, Innova Captab: Top stocks to trade
MCX, Thyrocare, Innova Captab: Top stocks to trade — key levels, target prices & stop loss · businesstoday.in

Some stock market experts wrote about three companies whose shares they think will keep rising in price.

The companies are Innova Captab, Multi Commodity Exchange of India (MCX) and Thyrocare Technologies.

The experts say all three stocks are in a strong 'uptrend,' meaning their prices have been climbing over time.

Each stock has a 'target price,' which is how high the experts think it could climb.

Each stock also has a 'stop loss,' a safety number: if the price falls to that level, investors sell to avoid bigger losses.

For Innova Captab, the target price is about 1,080 to 1,120 rupees, with a stop loss of 995 rupees.

For MCX, the target is about 3,000 to 3,150 rupees, with a stop loss of 2,770 rupees.

For Thyrocare, the target is about 680 to 750 rupees, with a stop loss of 615 rupees.

The experts checked tools like moving averages, the RSI and Bollinger Bands to confirm the stocks are strong.

They say investors should consider buying, holding and accumulating these stocks.

Key facts

Innova Captab Call
Buy (target Rs 1,080-1,120, stop loss Rs 995)
MCX Call
Buy (target Rs 3,000-3,150, stop loss Rs 2,770)
Thyrocare Call
Buy (target Rs 680-750, stop loss Rs 615)
MCX Trendline Breakout
Above Rs 2,760 on a closing basis with huge volumes
Innova Captab Support Zone
Rs 1,010-980
MCX Support Zone
Rs 2,800-2,740
Thyrocare Support Zone
Rs 624-606
Technical Indicators
All three above 20/50/100/200-day SMAs; favourable RSI; Bollinger Band buy signals on Innova Captab and Thyrocare

Sources

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