From mint · Dhanya Nagasundaram · · 1m 20s
Top 3 Stocks to Buy Tomorrow
Market expert recommends Mphasis, HAL, Indian Hotels with stop-loss and target prices for Mon, 19 Oct.
In brief
Market expert recommends Mphasis, HAL, Indian Hotels with stop-loss and target prices for Mon, 19 Oct. Chandan Taparia of Motilal Oswal recommends buying Mphasis, HAL, and Indian Hotels with specific stop-loss and target prices for Monday, 19 October. Originally reported by mint.
Market Performance
Nifty 50 and Sensex recorded strongest weekly gains in six months, led by IT stocks and better-than-expected earnings.
Expert Recommendation
Chandan Taparia of Motilal Oswal Financial Services recommends buying Mphasis, Hindustan Aeronautics, and Indian Hotels Company.
Mphasis Details
Target price: ₹ 2,650, stop loss: ₹ 2,425 for Mphasis stock.
HAL Details
Target price: ₹ 5,260, stop loss: ₹ 4,840 for Hindustan Aeronautics.
Indian Hotels Details
Target price: ₹ 815, stop loss: ₹ 750 for Indian Hotels Company.
Nifty 50 Outlook
Nifty 50 must hold above 23,100 zones for an up move toward 23,250 then 23,350 zones.
Bank Nifty Outlook
Bank Nifty must hold above 55,750 zones for an up move toward 56,250 then 56,500 levels.
Mphasis Analysis
Mphasis has formed strong bullish candles on daily and weekly charts after recent correction.
HAL Analysis
HAL has formed higher tops and bottoms on daily chart with trendline breakout indicating bullish momentum.
Indian Hotels Analysis
Indian Hotels has formed a strong base around 200 DEMA with one-year range breakout above 750 level.
The essence
Chandan Taparia of Motilal Oswal recommends buying Mphasis, HAL, and Indian Hotels with specific stop-loss and target prices for Monday, 19 October.
