Ganesh Chaturthi Stocks Picks: Indian Bank , Dilip Buildcon Ltd are two technical picks by Anand James, Chief Market Strategist, Geojit Financial Services on the occasion of Ganesh Chaturthi.
Indian Bank (Buy)—Anand James recommends buying the Indian Bank share with a target price of ₹558-568. This indicates an upside of 6.7% % to 8.6% for the Indian Bank share price from the current closing levels of ₹523.05 on the NSE on Friday. James recommends investors keep a stop Loss (SL) at ₹544. The Buy recommendation is for a period of 5 days, as per James.
Indian Bank (Buy)
CMP- ₹523.05
Target Price- ₹558- 568
Stop Loss - ₹544
James has recommended the Indian Bank stock since it has formed a DoJi pattern.
A doji candlestick is a indicator that provides information about Bullish or Bearish trend in a stock price candle stock price chart. Indian Banks share price that closed at the trading level of ₹567.30 on Friday 30 August 2023, however has fallen during the current week and closed at ₹523.05 on the NSE on Friday 6, September, 2024.
Dilip Buildcon (Buy) Dilip Buildon is the second stock Anand James has recommended to Buy with a target price of ₹570-580 . This indicates an upside of 4.5-6.3% from current closing levels of ₹545.50 on the NSE on Friday. James recommends investors keeping a stop Loss (SL) at ₹552. The Buy recommendation is for a period of 5 days as per James.
CMP- 545.50
Target Price: 570 - 580
Stoploss: 552
James has recommended Dilip Buidcon since the chart shows the formation of a Reversal candle. Bullish reversal patterns appear at the end of a downtrend and signal the price reversal to the upside. Dilip Buildcon's share price touched intraday highs of ₹565.95 on Friday to lows of ₹542.10 before closing at RSs 545.50 level.
Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
