2023-09-27 03:01:49 pm | Source: Religare Broking Ltd
Stock Picks : Federal Bank Limited And Tata Consumer Products Limited By Religare Broking Ltd
Federal Bank Limited
Buy Federal Bank Limited CMP 147.25 @146-148; Target 162; Stop Loss 141
TECHNICAL RATIONALE – Federal Bank has been strong while other banking counters are witnessing consolidation or facing pressure. After the consolidation breakout, it is holding firmly above the short term moving average(20 EMA) and inching gradually higher. The chart pattern indicates the prevailing tone to continue
Tata Consumer Products Limited
BuyTata Consumer Products Limited CMP 905.00 @902-907; Target 980; Stop Loss 865
TECHNICAL RATIONALE – Tata Consumer has witnessed breakout from a buying pivot, after spending nearly 3 months in a
narrow range. The price action combined with stability in the FMCG index is pointing towards the steady up move ahead. We
thus recommend creating fresh longs in the mentioned zone.
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The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
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