MRPL: BUY| Target Rs135| Stop Loss Rs112| Return 12%
On weekly charts, the stock has been trading higher since last one year and has given some handsome returns in past. On technical charts, it is maintaining its uptrend and trading in rising channel.
This week it has once again given fresh breakout above 125 levels after forming rectangle formation on daily charts. Traders can accumulate the stock in a range of Rs120-125 for the upside target of Rs135 with a stop loss below Rs112.
Gruh Finance: BUY| Target Rs575| Stop Loss Rs460| Return 15%
From the last one month, the stock has been consolidating in a range of Rs450-505. However, this week it has given a consolidation breakout above the key resistance area of Rs505 with decent volumes.
Moreover, it is trading well above its short and long term moving averages. The breakout in price along with positive divergence in oscillators like RSI and stochastic supports more upside in prices going forward.
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