Technical analyst, Ashwani Gujral has advised investors to purchase Shiv Vani Oil & Gas Exploration Services stock on declines in order to achieve a short-tern target of Rs 744.

The investors can achieve the target within a period of 5-6 weeks, and the strict stop loss for the suggested stock should be Rs 597.

The stock has great potential to go upside. It can still exhibit superb surge. The long term traders are recommended to hold the stock.

Technical analyst, Ashwani Gujral is of the view that investors can buy Reliance Power stock to achieve a short-term target of Rs 460.

According to him, investors can purchase the stock on declines with a stop loss of Rs 400.

The investors can achieve the target within a period of 4-5 weeks. So they are advised not to sell the stock before achieving this price target.

Today, the company’s shares opened at Rs 420, as against its last closure at Rs 419.80 on Thursday (May 8), on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 599.0 and a low of Rs 303.45 on BSE.

The 30-share BSE Benchmark Sensex, on Thursday (April 24), ended on a strong note after opening the day with a positive gap of 100 points tracing strong cues from other Asian counterparts.

The Sensex traded in a very narrow range on yesterday. It also touched an intraday low of 16,668.60. The overall market breadth was negative and volumes seen were not also very encouraging.

The BSE Sensex closed up 23.04 points at 16,721.08; whereas the broad-based NSE Nifty ended the day at 4,996.70, down 22.95 points.

BSE Midcap Index closed 0.88% lower and BSE Smallcap Index ended 0.67% up on Thursday.