Tech Stars : Buy Grasim Industries Limited For Target Rs.1685- Religare Broking
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Grasim Industries Limited (GRASIM)
TECHNICAL RATIONALE
We’re seeing noticeable resilience in cement space and Grasim is trading in sync with the move. The recent price action indicates possibility of reversal. And, it looks set to surpass the moving averages hurdle too. We thus recommend accumulating fresh in the mentioned range.
Buy Grasim Industries Limited CMP 1630.95; Initiation Range 1620-1631; Stop Loss 1585; Target 1685
Zee Entertainment Enterprises Limited (ZEEL)
TECHNICAL RATIONALE
Zeel has been trading in a steady down trend and the recent rebound is offering fresh opportunity to create shorts. It has a strong hurdle around 220-225 zone and the risk-reward ratio is also favorable after this bounce. Traders can create shorts in the given range.
Zee Entertainment Enterprises Limited CMP 214.60; Initiation Range 214.50-217.50; Stop Loss 222; Target 201
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