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Infoedge (India)
recommendation: buy
Last close: Rs 5,760.80
Starting range: Rs 5,700-5,750
the goal: Rs 6,100
Stop loss: Rs 5,550
After spending nearly eight months there, Info Edge (Naukri) finally witnessed a breakout from a wider integration range of Rs 4,200-5,600. This move was added further to the confirmation, with a noticeable increase in volume. Therefore, it is advisable to create a fresh long in the above zones.
SBI Life Insurance Company
recommendation: buy
Last close: Rs 1,160.40
Starting range: Rs 1,140-1,150
the goal: 1,240 rupees
Stop loss: 1,100 rupees
Among the stocks of life insurance companies, SBI Life has been steadily increasing since March 2020. After tightly above the support zone of the short-term moving average (20 EMA) and consolidating in the range, it formed a new buying pivot. The signs soon support a new record for highs. It is advisable to start a long trade within the given range.
SBI Card and Payment Service
recommendation: buy
Last close: Rs 1,027.90
Starting range: Rs 1,005-1,015
the goal: Rs 1,065
Stop loss: Rs 990
SBI Card has witnessed a merger for the past two months after hitting a record high in the Rs 1,140 zone in June. We have recently tested the Long Moving Average (200 EMA) support zone twice and then rebounded quickly. It is currently hovering in a narrow range while well above the medium-term moving average (100 EMA) and is now likely to rebound.
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Disclaimer: Ajit Mishra is Vice President-Religare Brokering Survey | https://www.religareonline.com/disclaimer
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