Brokerage firm HDFC Securities has suggested five stocks to buy amid the weak trend in the Indian market on the back of weak domestic and global cues. The domestic broker has picked Coforge Ltd, Atul Ltd, RHI Magnesita India Ltd, Stylam Industries and Olectra Greentech Ltd to make money. HDFC Securities has suggested buying all these counters based on technical parameters. Here’s what brokerage firm has said on these stocks:
Stylam Industries | Buy | Target Price: Rs 2,250 | Stop Loss: Rs 1,995
Short term trend of Stylam Industries is positive as stock price has crossed 5- and 11-day EMA Volume has started to rise along with the up move in the stock price. RSI oscillator is rising upwards on the daily chart, Indicating strength in the current uptrend. The overall bullish chart pattern of the stock price indicates a long trading opportunity. One may look to buy as per the levels mentioned above.
Olectra Greentech | Buy |…
