DLF, ICICI BANK and HINDUSTAN PETROLEUM Stock Recommendation by Epic Research
Indian Stock Markets ended the week positive. The support received by markets from lower levels has led NSE Nifty above its important resistance placed at 11100 along with its 50 SMA at 11114. Epic Research suggests investment in three stocks listed below. Investors with high risk appetite can consider buying the stocks.
DLF - Stock has given closing near to 200 EMA on the hourly chart. The RSI is also showing strength on the daily chart. We recommend buying above 168 for the target of 171 with the stop loss of 165.
ICICIBANK - Stock formed a price channel and gave the breakout of it on a closing basis with RSI and average volumes on the daily chart. We recommend buying above 415 for the target of 420 with the stop loss of 410.
HINDPETRO - Stock formed a flag pattern on the daily chart and closed near to the upper trendline with good volumes. It also gave a breakout of the trendline on a closing basis. We recommend buying above 275 for the target of 280 with a stop loss of 270.