MENU

Published on 29/06/2020 1:06:13 PM | Source: Axis Securities Ltd

Weekly Stock Picks - Infosys,Nippon Life India Asset Management,Emami & Westlife Development by Axis Securities

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel  https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

Infosys Limited

* The stock has broken out from a major resistance of 730 after retesting the lower end of a rising price “Channel” on the daily chart indicating sustained uptrend.

* The daily strength indicator RSI continues to trend higher indicating that the bullish momentum is still intact. Infosys Limited Weekly Tech Picks 26 June, 2020

* The stock has recaptured the 20-day and 50-day MA and has closed above the same indicating short term trend reversal at lower levels.

* Good volume activity is observed this week indicating strong interest of the bulls.

* The above analysis indicate an upside of 774 - 788.

Buy Infosys Limited @ 745-731 SL 720 CMP 747

 

Nippon Life India Asset Management Limited

* The stock has broken out from a “Cup and Handle” formation on the daily chart indicating strong participation by the bulls.

* Both daily strength indicator RSI and Stochastic indicator has given a bullish crossover indicating bullish momentum.

* The stock is trading above all major Nippon Life India Asset Management Limited Weekly Tech Picks 26 June, 2020 moving averages (20, 50 & 200 SMA) indicating sustained uptrend.

* Volumes has been above average indicating good participation by the bulls.

* The above analysis indicate an upside of 326-336.

Buy Nippon Life India Asset Management Limited @313-307 SL 302 CMP 313

 

Emami Limited

* The stock has decisively broken out from a “Symmetrical Triangle” indicating stronger comeback by the bulls.

* The daily strength indicator RSI has started rising from the mid-point and stochastic has given a bullish crossover indicating bullish momentum.

* The stock is trading above all major Emami Limited Weekly Tech Picks 26 June, 2020 moving averages (20, 50 & 100 SMA) indicating sustained uptrend.

* Good volume activity is observed this week indicating strong interest of the bulls.

* The above analysis indicate an upside of 238-245

Buy Emami Limited @220-216 SL 209 CMP 222
 

Westlife Development Ltd

* The stock has broken out from a “Rounding Bottom” formation on the daily chart indicating that the bulls have start showing interest at lower levels.

* Both the daily strength indicator RSI and momentum oscillator stochastic continue to trend higher indicating that the bullish momentum is intact.

* The stock is trading above all major moving averages (20 & 50 – day SMA) indicating sustained uptrend.

* Above average volume activity indicates good participation in the stock.

* The above analysis indicate an upside of 342 - 355

Buy Westlife Development Limited @ 326-320 SL 315 CMP 326

 

To Read Complete Report & Disclaimer Click Here

 

For More Axis Securities Disclaimer  https://simplehai.axisdirect.in/disclaimer-home
SEBI Registration number is INZ000161633

 

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer