Five stocks which are likely to gain this week
The domestic equity market started on a positive note on Monday with Nifty reclaiming the crucial 9,900 level. Earlier, the benchmark indices ended flat on Thursday with S&P BSE Sensex settling 28 points higher at 31,596 while the Nifty50 index of NSE ended flat at 9,857, just 4.55 points higher. Will the market tread higher and regain the momentum is a thing to wait and watch.
Bharat Electronics | BUY| Target Price: Rs 202
The stock has marked a Double Top formation around 185 zones and has attempted to break above that. Multiple signals have emerged which point towards upward revision at prices over coming days. The Weekly MACD has reported a positive crossover and it is bullish while trading above its signal line.
Bharat Electronics - Chart
Daily MACD stays in continuing buy mode. RSI has broken out of a pattern while marking higher bottom which is bullish. OBV has remained sideways while the stock corrected and this too is a bullish sign.
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