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Below are the 5 stocks strategies given by Ashish Kyal on Zee Business before the equity markets opened
Since mid of November 2013 prices are moving higher in the upward sloping channel. Even in the down move in broader market, Axis bank managed to protect the support level and closed on positive note. One can buy Axis Bank on dips to 1180 with the stoploss of 1170 and for target of 1240
In the previous week prices have breached the strong consolidation of 2 months on upside and rallied sharply. This sharp move on upside has resumed the uptrend and indicates the positivity in this stock. One can buy BHEL at cmp 164 with stop loss of 160 and for target of 172
3. MCLEOD RUSSELL
On recent trading session we have observed the participations of Midcap and Small cap. McleodRussell has given consolidation breakout near 285 levels. This is positive sign for short term. One can buy Mcleod Russell on dips to 293 with the stop loss of 291 and the target of 304.
4. Adani Power
Yesterday we witnessed consolidation breakout in Adani Power with higher volume. This is positive sign for short term. One can buy Adani Power on dips to 37.50 with the stop loss of 36.50 and the target of 41.50.
5. Whirlpool Ind
Whirlpool Ind is from consumer sector and this sector looks positive. Whirlpool has given Inverse H&S breakout near 180 levels. One can buy Whirlpool on dips to 186 with the stop loss of 181 and the target of 204.
The above stocks were mentioned in morning on Zee Business and our views might have changed based on market movement. We also publish daily Equity Research Report which covers Nifty plus 3 stocks along with detailed chart and explanation. By subscribing to intraday advisory you can get this research absolutely FREE. To get a copy of the same write to us at email@example.com or call us on +91 9920422202 /+91 22 8831358. Visit www.wavesstrategy.com