look news india
Stocks to BUY: The stock market is sluggish at this time. Nifty is flat and trading above 24600. The global market is also sluggish at this time. There is no game changer factor in the market rally. In such a situation, the market is in consolidation mode within a certain range. In such markets, traders and investors should focus on stock specific activities. In this story we will talk about 2 such stocks in which local investors can invest money for the next 2 months. The first stock is PNB i.e. Punjab National Bank and the second is APL Apollo Tubes.
pnb share price target
Canara Bank Securities has advised to buy shares of PNB for the next 7-9 weeks i.e. about 2 months. This share is trading in the range of Rs 110. Stop loss Rs. 102.60 and target Rs. 115.50 and thereafter Rs. 121 has been kept. The 52-week high for this stock is Rs 143 and low is Rs 85. DMA i.e. 20, 50 and 100 day daily moving average points towards bullishness. Momentum indicators MACD, RSI point to a bullish trend.
apl apollo share price target
HDFC Securities has issued a buy recommendation on APL Apollo Tubes for the next two months. The share is trading in the range of Rs 1623. It is advisable to buy this stock in the range of Rs 1623-1645. On downside, it is advisable to keep the moving average in the range of Rs 1540. Stoploss will have to be kept at Rs 1515. Target has been given at Rs 1740 and Rs 1820.
