SUN PHARMACEUTICAL, JUST DIAL and DBL Outlook by Epic Research

Indian market has been looking for direction due to lack of any triggers. Stock specific action would be seen in the companies that declare quarterly numbers. Three stock recommendations by Mustafa Nadeem CEO Epic Research.

SUNPHARMA - Stock formed a flag pattern on the hourly chart and closed above 200 EMA on the hourly chart with the good volumes. We recommend buying above 412 for the target of 420 with the stop loss of 408.

DBL - Stock performed well with good volumes and closed in green. It formed a flag on the hourly chart. The RSI is showing reversal on the daily chart. We recommend buying above 421 for the target of 428 with the stop loss of 415.

JUST DIAL - Stock is trading in a bullish channel on the daily chart and taking the support of the lower trendline. We recommend buying above 787 for the target of 800 with the stop loss of 780.