Monthly Ideas : Delhivery Ltd and TTK Prestige Ltd by Motilal Oswal Wealth Mangement
Delhivery Ltd
• The stock has broken out from a consolidation zone with a strong bodied bullish candle.
• The price up move is supported with higher than average traded volumes.
• The MACD indicator has given a bullish crossover to confirm the positive momentum.
• Looking at the overall price structure, we are expecting the stock to inch higher towards the 590 zone.
• Hence, we advise traders to buy the stock with a stop-loss of 465
Buy Delhivery Ltd CMP 505 Buy Range 498 – 514 SL 465 TARGET 590 DURATION 1 Week
TTK Prestige Ltd
Buy TTK Prestige Ltd CMP 1661 Buy Range 1635 – 1685 SL 1535????? TARGET 1915DURATION 1 Week
• The stock has broken out from a falling supply trendline with high volumes on up moves.
• It has surpassed above its 200 DEMA zones suggesting a bullish trend.
• RSI indicator is positively placed, confirming bullish momentum.
• Looking at the overall price structure, we are expecting the stock to inch higher towards the 1915 zone.
• Hence, we advise traders to buy the stock with a stop-loss of 1535.
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