Stocks that share market analysts recommended on June 21, 2023: Dabur, GAIL India, IRCTC

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Market trend positive

Benchmark indices Nifty, Sensex ended higher on Tuesday. According to share market analysts, positive momentum in the domestic share market is likely to continue with the overall structure still intact [{ "selector": ".wsbut-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 438px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".zwlfe-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Nifty Technical view

“Nifty has been maintaining a positive tone and looks set to make a new record high soon. We expect the prevailing trend to continue and suggest continuing with a “buy on dips” approach. All key sectors, barring banking and IT, are attracting noticeable interest along with the midcap and smallcap pack. Participants should align their positions accordingly,” said Religare Broking [{ "selector": ".kllcu-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 368px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".cgbod-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Bank Nifty Technical view

“Banking index has been struggling in a narrow band around its record high, not giving any cues over the next directional move. We suggest keeping a check on leveraged positions and waiting for either side's decisive break from the 43,400-44,250 range,” Religare Broking said [{ "selector": ".tmzns-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 411px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".qbzlp-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Dabur share price target

LTP: Rs 572.10 | Stop-loss: Rs 560 Religare Broking has a ‘buy’ call on Dabur India shares with a target price of Rs 589. So far this year, the stock has risen nearly 2% [{ "selector": ".iwsfg-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(-348.0001331676135px)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }, { "selector": ".wnucw-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Dabur shares to retest previous swing high

“We are seeing a steady rise in the FMCG pack and Dabur is catching up with the trend. After the consolidation breakout, it has formed a fresh buying pivot while holding above the moving averages ribbon and likely to retest the previous swing high,” said Religare Broking [{ "selector": ".dfgbk-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 401px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".nxajo-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

GAIL share price target

LTP: Rs 108.25 | Stop-loss: Rs 104 Religare Broking has GAIL India as one of its technical stock picks for Wednesday. The brokerage has a ‘buy’ rating on the counter with a target price of Rs 116 per share. The stock has risen around 12.22% in YTD time [{ "selector": ".eoeoc-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(-349.0001331676135px)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }, { "selector": ".kzktg-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

GAIL shares hold above
20 EMA

“GAIL has formed a fresh base while holding above the support zone of 20 EMA on the weekly chart, after the failed breakout from a consolidation range. The recent price action indicates the pause to end soon,” Religare Broking said [{ "selector": ".diouu-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 420px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".kegrb-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

IRCTC share price target

LTP: Rs 664.05 | Stop-loss: Rs 650 Religare Broking has a ‘buy’ call on IRCTC shares with a target price of Rs 700. So far in 2023. The stock has risen around 10.5% [{ "selector": ".icokr-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 434px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".oclmo-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Strong upmove seen in IRCTC

“IRCTC has witnessed a breakout from a reversal pattern and also surpassed the moving averages hurdle. Indications are in the favour of strong upmove so utilise the recent pause to accumulate fresh,” said Religare Broking [{ "selector": ".jnaqq-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 434px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".sbksw-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Disclaimer

Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Business Today. Investors should consult their financial advisors before taking any position [{ "selector": ".klbmz-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 410px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".dzxtw-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

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