Stock Advisory in Indore- Stock recommendations for the week ahead

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Taj GVK Hotels & Resorts

- Buy Taj GVK above 161 with a short-term holding target of 180. Since marking highs around 181 in late April 2017, this stock has remained in a broad trading range.

- Daily MACD remains in continuing buy mode and RSI stays neutral in rising trajectory. On the Weekly Charts, RSI shows the continuation of momentum while marking a higher bottom.

- A buy signal on the Stochastic on the Weekly Charts has emerged with a bullish divergence. OBV has already marked a fresh high which is a positive sign.

Bharat Forge Limited

- Accumulate Bharat Forge above 1,225 with a medium-term target of 1,275: We recommend accumulating this stock with each dip.

- After breaking out from an ascending triangle, the stock marked the high around 1,275 and has shown a corrective decline. The momentum on the Charts remains intact. The RSI on the Daily Chart shows bullish divergence against the price.

- The Daily MACD remains in continuing buy mode. A fresh buy signal has emerged as Weekly MACD has reported a positive crossover. It is now bullish trading above its signal line. The upward rising channel on the Weekly Chart remains intact.