RIl stock: It has staged a breakout from a bullish ascending triangle (weekly charts) that formed over past eleven months, said Milan Vaishnav.
Auto sector is expected to see momentum ahead of the festive season and Maruti Suzuki may come out of its underperformance.
Overseas, Asian stocks traded higher on Monday following US jobs data released Friday that came in far short of expectations.
Jio and Bharti Airtel could gain disproportionately as Vodafone Idea has a significant ~25% market share (255.4m subscribers)
Mohammad added that as long as the 50-share index sustains over 16,720-mark, one should remain positive and look for higher targets of 17,135.
Here are 6 money making ideas from technical analysts that may deliver decent returns in the near term.
Nirav Chheda of Nirmal Bang Securitis is positive on Reliance Industries with a target price of Rs 2,250.
With a market capitalisation of Rs 13.84 lakh crore, Reliance Industries is the most valued firm
Companies like Wipro, Asian Paints and HCL have also made their way to this year’s list, while cigarettes-to-hotels conglomerate ITC Ltd dropped out
At the close of trade, the market capitalisation (mcap) of Tata Consultancy Services was Rs 13,14,051.01 crore on BSE