As a part of its prime weekly tech picks, home brokerage and analysis agency Axis Securities has really useful 4 shares that may one look to purchase which incorporates TVS Motor, ace investor Rakesh Jhunjhunwala’s portfolio inventory Delta Corp, KPR Mill Restricted, and Solar TV Community Restricted.
Axis Securities prime inventory picks for the week –
TVS Motor: The inventory is trending up throughout on a regular basis frames forming a sequence of upper Tops and better Bottoms, as per the brokerage. “The each day and weekly energy indicator RSI is in bullish mode which helps rising energy in addition to momentum.” Axis suggests shopping for within the 690-678 vary with cease lack of 653.
Delta Corp: “On the each day chart, the inventory has effectively positioned above its 20, 50 and 100 day SMA and sustaining above the identical which reconfirm bullish sentiments. The each day energy indicator RSI is positioned above 50 mark which helps rising energy. The brokerage has really useful purchase vary of 280-276 with cease lack of 256.
Rakesh Jhunjhunwala holds 4.31% stake within the firm whereas his spouse Rekha holds 3.19% stake in Delta Corp as of September 2021.
KPR Mill: “This shopping for momentum was noticed from 20-day SMA (462) which reconfirms bullish sentiments. The each day and weekly energy indicator RSI is in bullish mode together with constructive crossover which helps rising energy,” the be aware said with purchase vary of 511-501 and cease lack of 465.
Solar TV Community: As per Axis Securities, the inventory has witnessed “A number of Resistance” breakout at 588 ranges on a closing foundation on the weekly chart. Its evaluation point out an upside of 660-685 ranges. The inventory is effectively positioned above its 20, 50 and 100 Day SMA which reconfirms upside momentum, it mentioned. The brokerage has really useful purchase vary of 600-588 and cease lack of 560.
The views and proposals made above are these of particular person analysts or broking corporations, and never of Mint.
Supply: Live Mint