Tech Stars : Biocon Ltd and Samvarshana Motherson International Ltd By Religare Broking
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Biocon Ltd.
Buy Biocon Ltd. CMP:253.20, Initiation Range252-254, Stop Loss 242, Target 279
TECHNICAL RATIONALE – We are seeing noticeable traction across the pharma pack, after the breakout in the pharma index. Biocon has also resumed the trend post breakout from a reversal pattern with noticeable surge in the volumes. It has also reclaimed the long term moving average i.e. 200 EMA and forming a fresh buying pivot now. Traders should use this phase to create fresh longs.
Samvarshana Motherson International Ltd
Buy Samvarshana Motherson International Ltd CMP:90.80, Initiation Range 90.50-91.50, Stop Loss 307, Target 103
TECHNICAL RATIONALE – Motherson has finally ended 2-year long corrective phase, with a breakout from consolidation range of 62-88 levels. The prevailing buoyancy in the auto and related pack is further adding to the positivity. We expect the up move to continue so accumulate in the mentioned range.
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://www.religareonline.com/disclaimer
SEBI Registration number is INZ000174330
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
