3 weeks ago
MCX, Thyrocare, Innova Captab: Top stocks to trade
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.
Technical analysts issued 'Buy' calls on Innova Captab, Multi Commodity Exchange of India (MCX) and Thyrocare Technologies.
Innova Captab has a target price of Rs 1,080-1,120 with a stop loss at Rs 995.
MCX broke out above its down-sloping trendline at Rs 2,760 on a closing basis with huge volumes, targeting Rs 3,000-3,150.
Thyrocare's target price is Rs 680-750 with a stop loss of Rs 615.
All three stocks trade above their 20, 50, 100 and 200-day SMAs with favourable RSI readings across time frames.
- Who
- Technical analysts and investors tracking Innova Captab, Multi Commodity Exchange of India (MCX) and Thyrocare Technologies.
- What
- Analysts issued 'Buy' recommendations with target prices, stop losses and support zones for the three stocks.
- Where
- Indian equity and commodity markets (prices quoted in Indian rupees).
- When
- Not specified in the article; the calls are based on the latest market close.
- Why
- Each stock shows a strong uptrend with bullish signals: higher tops and bottoms, prices above key moving averages, favourable RSI and Bollinger Band buy signals.
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








