INSUBCONTINENT EXCLUSIVE:
Stoc Tips: Choice Broking has recommended buy on JK Tyre - Industries for target price of Rs 84.The S-P BSE Sensex and NSE Nifty 50 indexes
were trading in a narrow range with the Sensex moving in a band of 215 points and the NSE Nifty 50 Index hitting intraday high of 11,637.20
ICICI Bank, Reliance Industries, State Bank of India, Larsen - Toubro and Axis Bank were among the movers in the Sensex while losses in Tata
Consultancy Services, Kotak Mahindra Bank, HDFC, Mahindra - Mahindra and HCL Technologies capped the upside for the benchmarks.Buy JK Tyre -
IndustriesChoice Broking has recommended buy on JK Tyre - Industries for target price of Rs 84 with stop loss at Rs 74.90
Choice Broking in a note said that the stock on an hourly scale is sustaining above its 100 Hourly Exponential Moving Average which shows a
positive move in the counter
On a daily chart, the stock has bounced back after taking a support of its upward rising trend line which indicates that the stock may go up
in coming trading sessions, Choice Broking added in a note.Buy Mahindra - MahindraChoice Broking has recommended buy on Mahindra - Mahindra
for target price of Rs 715 with stop loss at Rs 597
The Mumbai-based brokerage firm in a note said, "On a weekly chart, the stock has been trading with a strong support of Upward Rising Trend
line since last many weeks which suggests a bounce back movement in the counter." After a healthy correction from its all-time High on a
monthly chart, the stock has halted its downside move at Rs 608 level which is a 61.80 per cent Fibonacci Retracement level of its previous
up move from Rs 370 to Rs 993 which suggests northward movement in the counter, Choice Broking added.Buy Edelweiss Financial ServicesChoice
Broking has recommended buy on Edelweiss Financial Services for target price of Rs 186 with stop loss at Rs 169.40
On a daily scale, the stock has bounced back from of its lower band of Symmetrical Triangle formation which shows stock may accelerate in
coming trading sessions, Choice Broking said in a report
Additionally, the stock has bounced back after taking a support of around Rs 153 which is 78.6 per cent retracement level of its previous
before acting on the information.Get Breaking news, live coverage, and Latest News from India and around the world on
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