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11-09-2022 10:49 AM | Source: Religare Broking Ltd
Tech Stars - Aster DM Healthcare Ltd and Muthoot Finance Ltd By Religare Broking
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Aster DM Healthcare Ltd

TECHNICAL RATIONALE

ATERDM has retraced marginally of late on low volumes, after making a new record high at 275.60. Technically, it’s an healthy pause in a strong uptrend and we thus recommend utilizing this buying opportunity and initiate fresh longs as per the mentioned levels.

Buy Aster DM Healthcare Ltd @263-266 CMP 266.50 Stop Loss 249 Target 289

 

Muthoot Finance Ltd

TECHNICAL RATIONALE

After spending almost 6 months around the support zone of long term moving averages on weekly chart, MUTHOOTFIN has formed a strong base around 950 levels and looks all set for a fresh rebound. We thus recommend initiating fresh longs as per the given range.

Buy Muthoot Finance Ltd @1120-1128 CMP 1122 Stop Loss 1070 Target 1210

 

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