Stock recommendations for January 27, 2020 – January 31, 2020

Buy/sell stock recommendations for this week.

Jan 26, 2020 08:01 IST India Infoline News Service

 
Stock Pick Observation
Company Oberoi Realty Ltd
 
The stock has given a strong recovery from its recent low and has restarted trading in a bullish higher top higher bottom chart structure on the daily chart. The stock has given a bullish symmetrical triangle breakout of the daily chart and is showing positive momentum on the MACD Histogram.

Recommendation
Buy or Sell Buy
Range Rs  555-565
Target Rs  600
Stop Loss Rs  533
Duration 1 week
200 D-EMA Rs 520
NSE Code OBEROIRLTY
               
Stock Pick Observation
Company Marico Limited
The stock has given a strong recovery from its recent low by forming a bullish engulfing candlestick pattern on the daily chart. If the current impulse move accentuates the way it should, then the stock is also forming a possible triple bottom chart pattern and has a potential to retest is 200day EMA placed around ~359 level.

Recommendation
Buy or Sell Buy
Range Rs  335-340
Target Rs  355
Stop Loss Rs  327
Duration 1 week
200 D-EMA Rs  359
NSE Code MARICO
 

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