Stock Ideas

Buy HINDALCO

CMP 954

SL         930

TRGT       1010

HINDALCO

Hindalco is in overall uptrend and holding gains in spite of broader market weakness. It has given falling supply trend line breakout on daily chart and base is shifting higher. Buying is visible across Nifty Metal space which may support the ongoing up move. Momentum indicator RSI is positively placed

Buy FEDERAL BANK

CMP 275

SL         268

TRGT 290

FEDERAL BANK

Federal bank has formed base near 255-260 and inched higher. It has given an inside bar breakout on weekly chart and supports are gradually shifting higher. On daily chart it has given range breakout and formed a strong bullish candle. Momentum indicator RSI is positively placed.