Produced by: Aseem Thapliyal Designed by: Manoj Kumar
The market gave a thumbs-up to exit polls results today, which signalled the PM Modi-led NDA was coming to power for the third consecutive time. Brokerage Motilal Oswal has identified eight stocks, which shall benefit from the Modi government's focus on manufacturing, capex and infrastructure creation. The potential upside in these stocks is up to 20% and duration for the call is 3 to 6 months.
The stock is in overall uptrend and forming higher highs-higher lows on monthly scale. It has been an outperformer within PSU space and likely to scale new record highs.
Stock has given range breakout on weekly chart and holding well above 50 DEMA. Momentum indicator RSI is positively placed which may take the prices higher.
Stock is in overall and trading at lifetime high territory and formed a strong bullish candle on monthly scale. Overall setup is bullish and buying is visible across defense space which may support the ongoing momentum.
Stock is on the verge of giving trend line breakout on daily scale and holding well above its 50DEMA. Buying interest is seen within CPSE stocks and stock to likely to scale higher.
The stock is forming higher highs - higher lows from past few weeks and managed to close above 100 zones. Momentum indicator RSI is positively placed which may support the ongoing up move.
The stock gave range breakout above on weekly scale and trading at life time high territory. Buying is visible across railway stocks, which may take prices higher.
The stock has retested breakout on weekly scale and taking support near its 50DEMA. Risk reward is favorable at current juncture and likely to inch higher from current zones.
The stock is in overall uptrend and is on the verge of breakout on daily scale above Rs 277 zones. Stock likely to scale new record high and momentum indicator RSI is positively placed.