UJJIVAN, Balkrishna Industries Limited and Bajaj Finance Stock Recommendations by Epic Research
Stock Markets have recovered this week after facing declines for five weeks, following Union Budget. The results season has offered surprises for investors in many counters. As the stock markets were declining, many stocks are available at good valuations. Investors can consider some stocks suggested by Epic Research.
UJJIVAN - Stock formed an inverted head & shoulder on the daily chart and closed near to days high with good volumes. We recommend buying above 295 for the target of 300 with the stop loss of 290.
BALKRISIND - Stock has given the breakout of the trendline on the weekly chart on a closing basis with good volumes. The RSI is also showing reversal on the weekly chart. We recommend buying above 785 for the target of 795 with the stop loss of 775.
BAJFINANCE - Stock took the support of the trendline on the weekly chart and closed positively. It also formed a flag pattern on the hourly chart. We recommend buying above 3450 for the target of 3500 with the stop loss of 3400