Produced by: Prashun Talukdar
Benchmark indices on Friday slipped into red, dragged by state-owned lenders and energy stocks. The 30-share BSE Sensex fell 15 points or 0.02% to close at 73,143 and the broader NSE Nifty index moved 5 points or 0.02% down to close at 22,213. India VIX, fear index, shed 1.48% to end at 14.97-level.
For February 26 (Monday), market analyst from a domestic brokerage has assigned 'Buy' calls on IRCTC, Indiabulls Housing and JSW Energy shares. Check stock price targets, analysis, investment rationale and other crucial details about these technical bets.
LTP: Rs 963 | SL: Rs 910 An analyst from LKP Securities has given a 'Buy' call on IRCTC shares with target prices of Rs 1,020-1,070. The scrip has jumped 58.43% in the past one year. "The stock has recently experienced a significant breakout on daily charts, accompanied by a notable surge in volumes. For IRCTC, the outlook is still bullish," said Kunal Shah, Senior Technical & Derivative Analyst at LKP Sec.
LTP: Rs 208 | SL: Rs 185 The LKP analyst has also selected Indiabulls Housing Finance shares in his stock recommendations. He has given a 'Buy' call on the counter with target prices of Rs 240-250 per share. The multibagger scrip has zoomed 130.57% in a year. "The stock has recently experienced a robust breakout on daily charts, marked by a sharp surge in volumes. It is now indicating a fresh upward trend," Shah stated.
LTP: Rs 508 | SL: Rs 480 The analyst from domestic brokerage LKP has included JSW Energy shares in his stock picks as well with a 'Buy' call for targets of Rs 550-570. The multibagger counter has rallied 139.91% in the past one year. "The stock has provided a positive crossover, confirming a buy signal. Additionally, there is visible lower-end support at Rs 480, acting as a cushion for the bulls. It has a potential to reach upside targets of Rs 550-570," Shah mentioned.
"Nifty closed above the crucial resistance level of 22,200, with next resistance seen at 22,400. Short-term support is positioned at 21,900. As long as the index stays above 21,900, one can consider 'buy on dips' strategy," said Rupak De, Senior Technical Analyst at LKP Securities.
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