From The Economic Times · Akash Podishetti · · 1m 10s
Market Trading Guide: Deepa Jewellers Stock Picks
Brooks Laboratories and Deepa Jewellers named as medium-term stock picks with technical breakouts.
In brief
Brooks Laboratories and Deepa Jewellers named as medium-term stock picks with technical breakouts. Brooks Laboratories and Deepa Jewellers are recommended for medium-term gains based on technical analysis and bullish momentum. Originally reported by The Economic Times.
Market Trading Guide
Brooks Laboratories and Deepa Jewellers emerge as medium-term stock picks with technical breakouts, strong volumes, and bullish momentum supporting upside potential.
Market Conditions
Domestic market continued sharp sell-off due to RBI policy impacts, FII outflows, higher bond yields, and a depreciating rupee.
Brooks Laboratories
Buy at 70.5-71 | Stop loss: 60 | Target: 90. Demonstrates decisive breakout from downward channel pattern with expanding volume and bullish RSI crossover.
Deepa Jewellers
Buy at 232-234 | Stop loss: 222 | Target: 250. Breaks above 220-222 consolidation zone with strong volume and bullish RSI.
Analyst Insight
Virat Jagad, Sr Technical Research Analyst at Bonanza, confirms accelerated upside momentum for both stocks with technical setups.
Market Focus
Analysts expect Q2 earnings season to provide critical near-term direction on demand sustainability and input cost absorption.
The short version
Brooks Laboratories and Deepa Jewellers are recommended for medium-term gains based on technical analysis and bullish momentum.
