Hindustan Zinc | BUY | Target Price: Rs 305
The stock formed a minor double bottom base in the zones of 230-245 and has reversed its intermediate downtrend. Currently, it remains in a brief consolidation and is set to resume its up move again. The 54% narrower-than-normal Bollinger bands indicate likely sharp movement of prices in coming days.
Lupin | BUY | Target Price: 1,040
The stock has remained under secular downtrend over near two-quarters now with intermittent bounce backs. Even with the stock maintaining its current trend, there is a strong possibility of a technical pullback. The stock remains heavily oversold on Stochastic.
Infosys | BUY | Target Price: Rs 1,030
The stock continues to trade in a capped range but it has maintained its upward trajectory after forming a Double Bottom Support in the 900-910 zones. The stock has shown strong Relative Strength when benchmarked against IT Index and it remains currently in the Improving Quadrant and is likely to move into leading Quadrant.
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