SIEMENS, INDIGO AIRLINES and BRITANNIA INDUSTRIES: Stock Recommendations by Epic Research
Indian markets have been on the strong footing after Finance Minister announced corporate tax reduction. Indian companies will be announcing quarterly results in October and investors are waiting for best performers. With tax cut stimulus, investors are expecting long term gains for many well-performing companies. Stock recommendations by Epic Research follow....
INDIGO - After a couple of days of consolidation stock gave the breakout and closed near the days high with good volumes. We recommend buying above 1883 for the target of 1900 with the stop loss of 1870.
SIEMENS - Stock formed a flag pattern on the daily & hourly chart and we expect a breakout in the next trading session. The RSI is showing strength on the hourly chart. We recommend buying above 1500 for the target of 1515 with the stop loss of 1485.
BRITANNIA - Stock is consolidating from a couple of trading sessions and closed in green with average volumes. The is also showing strength on the hourly chart. We recommend buying above 3110 for the target of 3150 with the stop loss of 3070.